Global Economic News and Analysis
by Lee Adler, The Wall Street Examiner The pundits and the market were surprised by Friday’s “stronger than expected” jobs data. We were not, but it was just dumb luck as I explain below. Here’s the calculation from my original analysis. The BLS jobs data is based on payrolls for the week including the 12th day …
Continue reading “Employment: No Surpises Except for Compensation”
by Lee Adler, The Wall Street Examiner Bloomberg says that global corporate profits are being hit by the Euro crisis. Maybe so, but second quarter corporate taxes in the US hit a four-year record.
by Lee Adler, The Wall Street Examiner Bloomberg says that global corporate profits are being hit by the Euro crisis. Maybe so, but second quarter corporate taxes in the US hit a four-year record.
by Lee Adler, The Wall Street Examiner While the mainstream media was reporting that jobless claims were steady last week, the real picture was more nuanced. The media reports only the seasonally smoothed number, which can obscure what’s really going on and is often late in recognizing trend changes because of the inherent smoothing. I …
Continue reading “Employment: Has Been Improving but Outlook Weakening”
by Lee Adler, The Wall Street Examiner The US Government has had a blockbuster tax season. The numbers are stunning: