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Job creation in the US has slowed to essentially zero, Federal Reserve Chair Jerome Powell said Wednesday as the Fed released its latest economic projections, which included slightly higher economic growth than previously projected and little change to the unemployment …
Real inflation is about 6% while reporting 3% and that how you get 3% gdp growth. It’s all a fugazi pic.twitter.com/ocpBvz3qzQ — The Coastal Journal (@1CoastalJournal) September 10, 2025 We're in a recession, but at least we'll cut rates into …
May’s jobs gain was revised down by 125,000, from 144,000 to 19,000. June’s jobs gain was revised down by 133,000, from 147,000 to 14,000. Together, that cuts 258,000 jobs from official data in two months. https://www.bls.gov/news.release/empsit.nr0.htm July added 73,000 jobs, …
Once again markets are celebrating a "strong" May jobs report, with 139K jobs beating estimates by 10K, while ignoring the 95K downward revisions to the prior two months. But beneath the surface, the May jobs report, which showed even slower …
S&P 500 earnings revisions have hit extremely negative levels pic.twitter.com/6cbNSE4GHa — Markets & Mayhem (@Mayhem4Markets) April 29, 2025 Is this all just a bear market rally? Time will tell. The average bear market rally lasts 44 days and yields a …
by Mike Shedlock Economists expected a $15.0 billion rise in consumer credit. The Fed reported -$0.8 billion. The Bloomberg Econoday consensus outlook “Expected up another strong $15.0 billion in February after rising by $18.1 billion in January.” January was revised …
Downward #earnings revisions have been outpacing upward revisions. As you know,we have been stating for quite a while that #estimates were way to high and would have to adjust lower for #economic realities.H/T @sentimentrader pic.twitter.com/rzDVOxozSy — Lance Roberts (@LanceRoberts) March …
by confoundedinterest17 Biden is out and so are the crazy job preferences of his administration (e.g., green energy). There is a new sheriff in town (Donald Trump). Here’s what the BLS reported in Trump’s first official jobs report since he returned …
We’re in a strange, contradictory market where some trends suggest stability, but the underlying reality remains volatile. Only a 22% chance of a recession occurring within the next year pic.twitter.com/nx26BqGko7 — Win Smart, CFA (@WinfieldSmart) January 24, 2025 Your food …
Remember how I warned you all that after the election, we'd suddenly start getting "surprise" and "unexpected" downward revisions on all of the allegedly glowing economic numbers? 😎 Now watch corporate earnings and forward estimates revise down. — Uncle Milty’s …
Something doesn’t add up here: Downward economic data revisions have become the new normal. So far, US industrial production data has been revised down in 9 out of the last 10 months. Meanwhile, Job openings have been revised downward in …
by Mike Shedlock Industrial production declined 0.3 percent in September. Negative revisions lopped off another 0.5 percent. The Bloomberg consensus was a decline of 0.1 percent. Factoring in negative and positive revisions the decline was about 0.5 percent. Blame the …
Nonfarm payrolls expanded by 142,000 during August, down from 89,000 in July and below the 161,000 consensus forecast. The unemployment rate ticked down to 4.2%, as expected. However, the “real” unemployment rate edged up to 7.9%, its highest reading since …
by Mike Shedlock The BEA’s initial GDI growth estimate for the first quarter was 1.5 percent, later revised to 1.2 percent. I expect further negative revisions. Here’s a “What if” take. The math is a bit complicated, and I made …
Small caps have seen substantial downside earnings revisions this year. pic.twitter.com/yOyoCRjzHy — Piker Capital (@PikerCapital) July 18, 2024 Earlier this week, 72% of Small Cap Stocks were trading above their 200D moving average, the most in 3 years pic.twitter.com/6SLq3pFIJw — …
via Mike Shedlock If someone tell you the consumer is strong, please have them read this post. The strong consumer is all a mirage of inflation. Nominal and Real (inflation adjusted by the CPI) retail sales chart by Mish. The …
Lol, of course they revised the PPI numbers to be worse for the last four months in a row. Of course they did. The headline is all that they need today to make the markets go green. They’ll tell you …
Job openings in the US for the previous month were just revised down by 115,000 jobs. 12 of the last 14 job openings reports have been revised lower after the fact. Economists in D.C. project strength in the initial headline, …
via Mike Shedlock: Housing starts and permits continue to flounder as completions slowly rise. Housing data from Census Bureau, chart by Mish. Housing starts dropped 6.6 percent in December according to the Census Bureau’s New Residential Construction Report. Building Permits Privately-owned …
Sum of Monthly Jobs Created Report by BLS = 3,140,000 Sum of Monthly revisions to jobs by BLS = -443,000 + August Revision of March Jobs -306,000 “By the time you include all the monthly revisions and the annual benchmark …
In a world inundated with headlines and media narratives, it’s crucial to question the numbers presented to us. Recent revelations about jobs reports paint a concerning picture, revealing a pattern of deception to meet political agendas and manage public perception. …
by mark000 UK Q2 initially reported as 0.2% now 0.0% Q3 initially reported as 0.0% now -0.1% NZ 22Q4: -0.6% 23Q1: was 0.0% now -0.2% 23Q2: was 0.9% now 0.5% 23Q3: just released, forecast was +0.3% instead -0.3% The global …
Jobs report is out: October is lower than expected, plus more downward revisions from initial reported numbers. Unemployment is also up. 34% of reported jobs gained were in government, while manufacturing lost 35,000 jobs. View post on imgur.com Unemployment among …
by DAVID HAGGITH Keoni 101, CC BY 2.0, via Wikimedia Commons So, yields on the seven-year Treasury just priced through to the highest on record. Cost of the US debt is getting high. As the cost of debt rises for everyone because …
by confoundedinterest17 Bidenomics is terrible! Just a huge payoff to be big donors (the donor class) for green energy, Big Pharma and Big Defense. Now Biden is considering using ankle monitors to prevent illegal immigrants from leaving Texas and traveling …