by confoundedinterest17 The good news? The US economy added 253k jobs in April. The bad news? Last months jobs report of 236k jobs added was revised downwards to 165k jobs added. US average hourly earnings year-over-year (YoY) rose in April to 4.4%. …
by confoundedinterest17 According to the US Bureau of Labor Statistics (BLS)https://www.bls.gov/news.release/empsit.nr0.htm, the February jobs report came in hot, hot, hot. One indicator that the Biden Administration will herald is that average hourly earnings rose to 4.6% Year-over-year (YoY). Too bad headline …
by confoundedinterest17 The January US inflation numbers are out and they were grim. US REAL average hourly earnings fell … again … to -1.8% year-over-year (YoY) from a revised -1.6% YoY in Deember. That makes 22 straight months of negative hourly earning …
by confoundedinterest17 Is inflation “gone in November”? Nope. Slowing, yes, but at 7.1% YoY and core inflation at 6.0% YoY, it is still considerably higher than The Fed’s target of 2%. And the American middle class and low wage workers are still suffering …
by confoundedinterest17 Alarm! The inflation numbers are out for October and they still stink (headline inflation still sizzling at 7.7% YoY). But the number that really irks me is … REAL average hourly earnings growth is at a horrifying -2.8% YoY …
by confoundedinterest17 The media is thrilled with today’s jobs report showing a sizzling 528k jobs added to the US economy. And with that, the media is cheering that recession fears are shrinking. But hold on a second. First, while 528k jobs …
by confoundedinterest17 The US inflation numbers were released this morning and they are grim. Inflation YoY grew to 8.5%. With 8.5% YoY inflation, REAL average hourly earnings growth fell to -3% YoY. And with The Fed intent on extinguishing their …
by confoundedinterest17 Euphoria! CoreLogic’s Home Price Insights revealed that home prices rose 20% YoY in February despite REAL average hourly earnings declining -2.678% YoY. THAT is euphoria! Or Stimulypto, as I like to call it. No, The Federal Reserve still hasn’t removed …
by confoundedinterest17 Well, the COVID hysteria from the Biden Administration and the media preparing us for a horrible jobs report was … incorrect. In fact, the January jobs report was “exceptional”. 467,000 jobs were added and average hourly earnings growth …
by confoundedinterest17 Nothing has been the same since the financial crisis of 2008 (except we still have insider-trading superstar Nancy Pelosi as US House Speaker). What has changed is that US Public Debt to GDP (nominal dollars) has doubled. Has doubling …
by confoundedinterest17 Treasury Secretary Janet Yellen said yesterday that “It’s Fed’s Job to Avoid Any Wage-Price Spiral.” Well, The Fed is helping to avoid a wage increase in real terms, since the November jobs report revealed that REAL US Average Hourly …
by confoundedinterest17 Welcome to The Fed’s Gilded Age … for housing! The gilded age refers to the thin-veneer of gold covering up problems in the late 1800s. Today’s gilded age is largely fueled by The Federal Reserve’s uber-easy monetary policies combined …
by confoundedinterest17 Good news on the wage front. Sort of . US REAL average hourly earnings rose in September to -0.8% YoY. Too bad that REAL home prices are growing at a 14.4% YoY clip. The Federal Reserve’s new motto: making …
by confoundedinterest17 US inflation remained about the same in August as it was in July. CPI YoY fell ever so slightly from 5.4% in July to 5.3% in August. Real hourly earnings remain negative. The source of consumer inflation? Gasoline prices rose …
by confoundedinterest17 US inflation is run, runaway. Americans are expecting a record surge in inflation over the next few years, according to a new report from the Federal Reserve Bank of New York. In its August Survey of Consumer Expectations, the bank …
by confoundedinterest17 For your viewing pleasure. Looks an awful lot like 2005 before the housing price crash, financial crisis and Great Recession. US home prices, HOUSING inflation, is growing at 16.61% YoY, GDP Price index QoQ (annualized) is growing at …
The federal minimum wage has remained at $7.25 an hour for the past 12 years. Despite years of debate over a raise to $15 per hour, and a recent focus in Congress on increasing wages, even if that increase was …
by confoundedinterest17 US inflation remains nears its highest level since 1991, but moderated slightly. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in July on a seasonally adjusted basis after rising 0.9 percent in June, the U.S. Bureau …
by confoundedinterest17 In an article by Phil Hall for Benzinga, I laid out the case for slowing home price growth. In a nutshell, the Case-Shiller National home price index YoY is growing at times the rate of growth of average hourly …
via confoundedinterest17 The monthly jobs report for July is out and it shows that total nonfarm payroll employment rose by 157,000 in July, and the unemployment rate edged down to 3.9 percent. Employment increased in professional and business services, in manufacturing, and …
Uber and Lyft drivers in the US make a median profit of $3.37 per hour before taxes, according to a new report that suggests a majority of ride-share workers make below minimum wage and that many actually lose money. Researchers did an …