Jobs beat on paper miss in reality, revisions slash 95K from March and April totals. The recession is close, but not there yet. “Don’t expect the market to go anywhere this summer,” JPMorgan has said

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 …

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Summer Vacation HAS BEEN CANCELLED

Many Americans are finding this year that they either need to cancel their summer vacation altogether, or they need to modify their plans to a more affordable version of what they previously had in mind. Inflation is taking a larger …

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The Summer Of Empty Shelves Is Coming

by Michael Thousands of products that are made in China will soon start disappearing from store shelves in the United States.  If a trade deal is not made with China very soon, the summer of 2025 will be “the summer of …

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If this trend continues, it will turn out that August and October saw JOB LOSSES. Hiring fell sharply before summer and never came back, all of that leading up to the holidays. ADP October payrolls revised down.

⚠️BRACE FOR MORE US JOB MARKET DATA REVISIONS⚠️ Nonfarm payrolls will likely be revised DOWNWARD by another ~300,000 jobs for 2Q 2024. This is according to the QCEW data released by the BLS. If this trend continues, it will turn …

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Hottest summer ever in China and Japan

July 2024 was “the hottest July since complete observations began in 1961, and the hottest single month in the history of observation”, state broadcaster CCTV said, citing weather authorities. In August “most parts of China have experienced a hotter summer …

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