Independent thinking for complex markets and current events
Around 10,000 U.S. hotel workers have indeed gone on strike in multiple cities, including San Francisco, San Diego, Honolulu, Boston, Seattle, and Greenwich. The strike began after contract talks with major hotel operators like Marriott, Hilton, and Hyatt stalled. The Unite Here union is demanding better wages and working conditions, citing increased travel and staffing …
The US stock and bond markets will be closed Monday, Sept. 2, 2024 due to the Labor Day federal holiday. If you need to get anything done before Tuesday you’ve got the rest of today and Friday for your transactions. The next holiday closure is: Thanksgiving Day, Nov. 28, 2024 with a 1/2 day (9:30AM-1:00PM) …
Jul NFP came in at +114K, the 2nd lowest since Dec 2020. Apr (+108K) was the lowest since Dec 2020. In the last 4 months NFP averaged +154K, a far cry from 250K-300K job gains per month we thought the economy was adding just a couple of months ago. Namely, downward revisions… pic.twitter.com/OujQhTohSR — Marko …
WARNING: Labor market conditions index has been steadily declining This systematically happens prior to recessions pic.twitter.com/w3YYWHR566 — Bravos Research (@bravosresearch) August 26, 2024 US firms’ ‘low firing’ approach may turn to more layoffs, Fed’s Barkin tells BBG WASHINGTON, Aug 26 (Reuters) – The “low-hiring, low-firing” approach that U.S. businesses currently take to their employment decisions …
US 10-Year Treasury Yield Falls US Treasury yields fell by up to 5 basis points to 3.807% as investors anticipated larger Fed rate cuts this year. Fed Chair Jerome Powell signaled readiness to cut inte… More here: https://t.co/AdIot28g1y pic.twitter.com/rGam65VO7z — TRADING ECONOMICS (@tEconomics) August 23, 2024 Powell: "the time has come" for the central bank …
Source: https://www.newyorkfed.org/microeconomics/sce/labor#/ TLDRS: The Federal Reserve Bank of New York’s July 2024 SCE Labor Market Survey reveals significant changes in the job market, with 28.4% of individuals actively searching for jobs, the highest level since the survey’s inception in 2014. The rise in job searches was particularly pronounced among those over 45, without a college degree, …
United Auto Workers Union Files Federal Labor Charges Against Trump and Musk After Successful Twitter Space Discussion, Alleging Worker Intimidation Read the statement below: 🧵UAW Files Federal Labor Charges Against Donald Trump and Elon Musk for Attempting to Intimidate and Threaten Workers — UAW (@UAW) August 13, 2024 The UAW has filed federal labor charges …
This is the early phase before an economic downturn unfolds Buckle up pic.twitter.com/LFwQz6rIMe — Bravos Research (@bravosresearch) August 1, 2024 This is how the 2008 Financial Crisis crash unfolded 👇 pic.twitter.com/qYvdaiJQNd — Bravos Research (@bravosresearch) August 2, 2024 A record 53% of investors turned bullish on 17th July This coincided with the peak of the …
19 nursing homes in Pennsylvania and West Virginia declared bankruptcy. This includes facilities operated by Guardian Healthcare, which filed for Chapter 11 bankruptcy protection. The company cited the lingering effects of the COVID-19 pandemic, labor shortages, wage inflation, and new staffing regulations as contributing factors. This situation is part of a broader trend affecting senior care facilities …
Job postings are down Double digits 12.4 % year over year to lowest level since April 2021 . Throw out the 50 % below comparison as that was largely states reopening from Pandemic lockdown . The 11.7 above pre pandemic is absolutely anemic job creation and even that is mostly government and struggling families forced …
BREAKING: US job postings declined 12.4% year-over-year to their lowest level since April 2021. Overall, US job postings are down by ~50% since their December 2021 record. However, nationwide job postings are still 11.7% above their pre-pandemic baseline, according to Indeed.… pic.twitter.com/ACKWXNMDvi — The Kobeissi Letter (@KobeissiLetter) July 22, 2024 BREAKING: The US Treasury yield …
The pandemic left the U.S. labor market badly overheated. Reopening businesses panicked at labor shortages, paying big raises to hire. As prices shot higher, fears rose of a wage-price spiral. Recently, though, the labor market has cooled, and indeed, looks like something close to normal. Unemployment has crept up from a half-century low of 3.4% …
Federal Reserve Bank of San Francisco President Mary Daly has indeed warned that the U.S. labor market is approaching an inflection point. She emphasized that further slowing in the labor market could lead to higher unemployment. While the labor market has adjusted slowly so far, Daly cautioned that we are getting closer to a point where this benign outcome may …
In US BLS numbers for Q3 (published end April) should have been the wake-up call, but everyone still asleep at the wheel. 190k jobs destroyed over Q3 (600 k creations were expected from nfp surveys). Talking about hard data… — Manu (@SolalM) June 11, 2024 Global labor market slowdown is underway UK Claimant claims largest …
Salaried employees who work long hours for low pay aren’t finding much sympathy among Republicans on Capitol Hill. GOP lawmakers filed a resolution in Congress on Wednesday that would block the Labor Department from extending overtime protections to millions of salaried workers, a key workplace reform pursued by President Joe Biden. Under federal law, only …
They're really putting the 'BS' in BLS (Bureau of Labor Statistics). The monthly job numbers are always great, then quietly get revised down when no one is paying attention. Then they publish totally different numbers showing a quarter of the jobs allegedly added last year… https://t.co/XF2eQWJ2Yx — Wall Street Mav (@WallStreetMav) May 23, 2024 https://twitter.com/nonexistenttwts/status/1793625574638076354 …
The US is facing a looming labor crisis as the native-born population declines while the foreign-born population rises. This shift, combined with factors like early retirement and limited access to childcare, is creating massive labor shortages. The US is heading into a labor crisis: The US native-born civilian population has dropped from 170.8 million in …
California has the loosest labor market in the country – started discussing the unemployment dynamic here back in August of 2023. Now has highest unemployment rate and 6% fewer job postings than pre-Feb 2020. Unemployment is rising in 10 largest counties. UR moving opposite… pic.twitter.com/m2MmviTeME — Don Johnson (@DonMiami3) May 9, 2024
In the cacophony of daily news cycles, there exists a profound yet often unspoken crisis brewing within the heart of the American economy: prime-age men are quietly slipping away from the labor force, their departure unnoticed amidst the clamor of political debates and economic analyses. What’s truly startling is not just the phenomenon itself, but …
Concerns arise over Federal Reserve’s handling of unemployment, with predictions of further damage to the labor market. Recent data signals a cooling labor market, evidenced by rising unemployment rates and increased part-time employment. Speculation mounts for additional Fed rate cuts as recession indicators intensify. Call Milli Vanilli because this shi* is getting real Now Fed …
by confoundedinterest17 Fed Chair Powell yesterday said he doesn’t see the “stag” in stagflation. Really? Well, in Q1 in the US… it failed to show up as non-farm productivity – or nonfarm employee output per hour – rose at a measly 0.3% annualized rate after an upwardly revised 3.5% gain in the prior period (well below expectations)… Source: …
The labor market is not secularly tight, robust, or whatever useless terms are thrown around on here. The headwinds continue to mount against labor. Fed policy impact having a lagged impact time on Sunbelt vs other West Coast states, but continues to be seen in openings. pic.twitter.com/svpB2tUO7i — Don Johnson (@DonMiami3) April 28, 2024
The implication of the FTC’s vote to ban noncompete agreements, especially with approximately 30 million Americans currently covered by such agreements, suggests a significant shift in employment practices. This decision could potentially lead to increased labor mobility, allowing workers more freedom to change jobs without facing legal restrictions imposed by noncompete agreements. It may also …
With small business optimism plummeting to an 11-year low, exacerbated by surging inflation and a shrinking labor force due to post-COVID government benefits, concerns mount about the economic landscape. As rents rise, hiring plans falter, and easy money policies end, a challenging environment emerges where success becomes increasingly elusive. Small business optimism hits fresh 11 …
Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs pic.twitter.com/2mJA9hZb7v — Win Smart, CFA (@WinfieldSmart) April 16, 2024 Heard they are considering Chapter 11 bankruptcy. Glad I got to experience this authentic seafood once. A moment I’ll never forget for the rest of my life. https://t.co/p9KWxDxYxK — Ramp Capital (@RampCapitalLLC) April 16, 2024
Bombshell statement from one of America’s leading technocrats gets scant attention from corporate mainstream media LEO HOHMANN April 8, 2024 Larry Summers is not just any businessman. He has membership in the Trilateral Commission, the Council on Foreign Relations, has previously served in the Clinton and Obama administrations, and recently became a member of OpenAI’s …
Americas’ Unemployment Problem In 2023, the United States reported an unemployment rate of 3.4%, marking the lowest figure in 54 years with nearly 11.2 million unemployed Americans. Despite this historic low, the narrative surrounding America’s Unemployment Problem reveals a complex and multifaceted issue. The early months of 2024 have shown a robust labor market, yet …
How is this so inaccurately reported? https://www.barrons.com/livecoverage/february-jobs-report-today/card/labor-department-cuts-167-000-jobs-from-december-and-january-payrolls-FrRetAnGWH85TGfCeJ8n
Tyson is taking its lead from Biden and choosing illegals over Americans: “While this decision was not easy, it emphasizes our focus to optimize the efficiency of our operations to best serve our customers." “Efficiency” = cheap labor. Cheap labor = illegals.#BoycottTyson pic.twitter.com/KGxDvc17GR — Paul A. Szypula 🇺🇸 (@Bubblebathgirl) March 15, 2024 https://twitter.com/drakeslayer100/status/1768602354654625891
In the heart of San Francisco’s Mission District, a beloved taqueria is grappling with the tough decision of doubling its prices. La Vaca Birria, known for its mouthwatering beef burritos, faced the dilemma of staying afloat in an era of rising costs. Ricardo Lopez, the owner, recently addressed a customer’s concern about the surging prices. …