Written by Steven Hansen The December 2013 ISM non-manufacturing (aka services) index continues its growth cycle, but weakened from 53.9 to 53.0 (above 50 signals expansion). One important report internal crashed.
by Yves Smith, Naked Capitalism Corporate executives love to peddle the notion that they need to have their low tax payments reduced even further, even as the share of GDP represented by company profits is at unprecedentedly high levels. In fact, corporations paid between 5% and 6% of GDP in taxes in the early 1950 …
The U.S. household labor data shows an economy that has morphed dramatically in the past decade, therefore interpreting the headline monthly labor data not a simple matter. Jobs are being added. But the labor force is shrinking.
Written by Steven Hansen The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future jobs growth, and the predictive elements show that the jobs situation grow rate will not strengthen.
Written by Steven Hansen The Conference Board’s Employment Trends Index – which forecasts employment for the next 6 months – strengthened in November 2013. This more than reverses the previous month’s decline which was due to the government shutdown.