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Tag Archives: wall street examiner
Why You Should Take Jobs Data with a Grain of Salt
by Lee Adler, Wall Street Examiner This post is an excerpt of a report posted on October 3, 2012. For a summary of today’s employment data, see GEI News. Analysis of today’s data is available at GEI Analysis. Given its … Continue reading
Posted in Employment
Tagged employment, historical adjustments, Lee Adler, seasonal adjustents, wall street examiner
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Full Time Job Growth is Weak
Top Line Employment Looks Good, But Full Time Job Growth Is Falling Apart Since QE3 by Lee Adler, Wall Street Examiner The BLS last week reported a seasonally adjusted (SA) gain of 236,000 in February nonfarm payrolls. This massively beat … Continue reading
Unemployment Claims Maintain Steady Decline
First Time Claims Decline Right On Trend But Wall Street Economists Are Fooled Again by Lee Adler, Wall Street Examiner First time unemployment claims are currently declining at a 9% annual rate, staying close to the average year to year … Continue reading
Real Retail Sales Rising On Trend, But Rising Gas Prices Could Crimp Soon
by Lee Adler, Wall Street Examiner Retail Sales rose by 0.1% in January (month to month) and were up 4.4% annually, according to the Commerce Department’s January Advance Retail Sales Report. Those are seasonally adjusted idealized estimates. Neither figure is … Continue reading
Posted in Retail & Business Sales
Tagged gasoline, Lee Adler, retail sales, U.S. stocks, wall street examiner
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Initial Unemployment Claims Increase, But Trend of Improvement Is Intact
by Lee Adler, Wall Street Examiner This post is excerpted from the permanent Employment Charts page, which includes numerous additional charts and analysis on key employment metrics. The Labor Department reported that the seasonally adjusted (SA) representation of first time claims for unemployment … Continue reading
Posted in Economics, Employment, Federal Reserve, GDP, Government
Tagged Economy, employment, Federal Reserve, GDP, Lee Adler, wall street examiner
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Wage Growth Squeezed – Can QE Help?
Government Policy Changes Screwed Workers In January But New Fed Bubble Effects Are Coming by Lee Adler, Wall Street Examiner This post is excerpted from the permanent Employment Charts page, which includes numerous additional charts and analysis on key employment metrics. … Continue reading
Posted in Employment
Tagged Economy, employment, Federal Reserve, GDP, Lee Adler, unemployment, wall street examiner
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Pending Home Sales Didn’t Really Miss
by Lee Adler, Wall Street Examiner The news media reported yesterday that the NAR’s Pending Home Sales Index for December was a huge miss, falling far short of economists’ consensus expectations. This was based on the seasonally adjusted data, which … Continue reading
Housing: Demand Still Bullish
House Price Rises While New Indicator Shows Supply Demand Curve Still Bullish Lee Adler, Wall Street Examiner CoreLogic reported today that existing home sales prices officially recorded in October (probable contract average August) rose 6.3% year over year. Corelogic also … Continue reading
A Whole Generation of Young Americans Tossed Under the Bus
by Russ Winter, Wall Street Examiner As a member of the baby boom generation I don’t envy my son’s Gen Y generation: 1982-2004 also known as echo boomers. In the corrupt lobbying form of crony government practiced in this country, … Continue reading
Posted in Education, Employment
Tagged Economy, employment, Gen Y, generation Y, inflation, Russ Winter, unemployment, wall street examiner
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First Time Unemployment Claims Drop After Sandy, But Jobs Growth Rate Slows
Lee Adler, Wall Street Examiner The Labor Department reported that seasonally adjusted (SA) first time claims for unemployment fell by 23,000 to 393,000 from a revised 416,000 (was 410,000) in the advance report for the week ended November 24, 2012. … Continue reading
Posted in Business News and Analysis, Employment
Tagged Economy, employment, jobs, Lee Adler, unemployment, wall street examiner
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The Idea That US Consumer Is Resilient Is A Myth
America is in verge of experiencing another disastrous bubble in some segment of its economy, argues Lee Adler. Studying the data, Mr. Adler concludes that the Americans are spending less. According to him, the upcoming bubble is unlikely to do any good to the economy just as the last one. As a result, the economic downturn will affect the standard of living in the country.
Full-Time Jobs Jump But….
Full Time Jobs Jump While Hours and Weekly Earnings Soften by Lee Adler, The Wall Street Examiner The BLS today reported a gain of 171,00 in nonfarm payrolls. The actual, not seasonally adjusted (NSA) number was a gain of 911,000. … Continue reading
Employment: Seasonal Adjustment Woes
The Real Deal on Jobs – The BLS Is Just Catching Up With Massive Undercounting in Seasonally Adjusted Estimates by Lee Adler, The Wall Street Examiner October 5, 2012 – The BLS today reported a gain of 114,00 in nonfarm payrolls. … Continue reading
First Time Unemployment Claims Down 9% Year-Over-Year
by Lee Adler, The Wall Street Examiner The Labor Department reported that seasonally adjusted (SA) first time claims for unemployment rose by 4,000 to 367,000 from a revised 363,000, in the advance report for the week ended September 29. The consensus … Continue reading
September Tax Withholding Revisited
by Lee Adler, The Wall Street Examiner Yesterday I posted a report on Federal Withholding Tax collections for September. They were strong. That implied the BLS nonfarm payrolls data to be released Friday should beat downbeat economists’ consensus expectations. But there … Continue reading
Strong September Tax Withholding Bodes Well for Jobs
by Lee Adler, The Wall Street Examiner Updated October 1, 2012 More timely updates of this data are posted in the Professional Edition weekly Treasury updates. September withholding taxes rose 4.5% in real terms versus September 2011. That suggests that a … Continue reading
Posted in Employment, Taxation
Tagged employment, federal tax receipts, Lee Adler, wall street examiner, withholding tax receipts
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August Payrolls Data Actually Strong
by Lee Adler, The Wall Street Examiner The Bureau of Labor Statistics (BLS) must be staffed with Republicans. There’s something wrong with the headline number this month. It is consistent with the pattern of the past 5 months where the seasonally … Continue reading
Posted in Employment
Tagged BLS, employment, Lee Adler, non-farms payroll, seasonal adjustment, unemployment, wall street examiner
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Why is the Fed Panicking? Real Retail Sales are Strong
Real Retail Sales are Up 3.5% Annually by Lee Adler, The Wall Street Examiner Retail Sales and Real Retail Sales ex Gasoline Updated September 14, 2012 Retail Sales rose by 0.9% from July to August and 4.7% annually, according to the … Continue reading
Posted in Retail & Business Sales
Tagged Lee Adler, real retail sales, retail sales, wall street examiner
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Unemployment Claims Drop to Lowest Level Since 2007
Seasonally Adjusted Data is Wrong Again, Actual Jobless Claims Drop to Lowest Level Since 2007 by Lee Adler, The Wall Street Examiner The Labor Department reported that seasonally adjusted (SA) first time claims for unemployment rose by 15,000 to 382,000 … Continue reading
Bloomberg: Misleading on Banks Buying Treasuries
by Lee Adler, The Wall Street Examiner Bloomberg had this headline yesterday: Banks Use $1.77 Trillion To Double Treasury Purchases They led with this: The gap between U.S. bank deposits and loans is growing at the fastest pace in two … Continue reading
Posted in Banking News
Tagged banking, banks, banks buy treasuries, Bloomberg, Lee Adler, MBS, mortgage backed securities, Treasuries, wall street examiner
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