Does the Recent Decline in the Unemployment Rate Reflect An Improving Labor Market?

by Paul Kasriel, The Econtrarian Two weeks ago the BLS reported that the national unemployment rate declined by two-tenths of a percentage point in July vs. June. On the surface, that would seem to be good news for the labor market, right? Not according to the knee-jerk analysis by a lot of jerks on cable …

Bad Month for Wholesale Sales in June 2013

Written by Steven Hansen June 2013 wholesale sales and inventories data just had a bad month following two months in a row of good data. This data series is very noisy, and has been on a roller coaster of one good month / one bad month. This analysis is worse than the published headline analysis …

June 2013 Manufacturing Improves Again But …

Written by Steven Hansen US Census says manufacturing new orders grew in June. Our analysis concurs with the US Census that manufacturing grew. The trend in manufacturing new and unfilled orders is now improving – but it is not broad based making this report weaker than it seems.

Two Good Months In a Row for Wholesale Sales in May 2013

Written by Steven Hansen May 2013 wholesale sales and inventories data just had two months in a row of good data. This data series is very noisy, and has been on a roller coaster of one good month / one bad month. This analysis is similar to the published headline analysis – and for the …