February 2014 Industrial Production Improves

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The headlines say seasonally adjusted Industrial Production (IP) improved in February. Econintersect‘s analysis using the unadjusted data concurs – but adds that the downward revision of the previous months makes this data set less good than what appears at first glance.

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March 2014 Empire State Survey Slightly Improves, Internals Mixed

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The Empire State Manufacturing Survey marginally improved and remains in expansion territory in March 2014. Key internals are mixed. This is a rather soft report for an economy in expansion.

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How Many Workers Are Missing? 5 million? 10 million?

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A post The Vast Majority of the 5.8 Million Missing Workers Are Under Age 55 got me thinking. This post uses participation rates, and contrary to popular opinion shows the majority of missing workers from the workforce are under 55 years old. This post can be summed up with their graph:

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