December 2013 ISM Services Index Internals Very Weak

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.

New Study Confirms that Lower Corporate Tax Rates Don’t Create Jobs

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 …

October 2013 JOLTS Predicts Little Change in the Jobs Situation

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.