There’s been a lot of controversy about the accuracy of the Bureau of Labor Statistics’ recent job projections, but hard employment data from the Quarterly Census of Employment and Earnings released this morning show employment rose over the year in 2023’s second quarter by 2.4%, exactly what the QCEW’s sibling, the Current Employment Statistics, CES, or Establishment Survey is showing. As we know, the QCEW and the CES had been trading places for a few quarters. In the first quarter, the CES was ahead of the QCEW, resulting in the negative annual benchmark, -0.2% overall, and -0.3% private, announced in August. Average weekly wages, which are notoriously not comparable to average hourly earnings, were up 3.2% year over year, compared […]
-
Eagles, Eels, and Forever Chemicals
Wildlife ranges are forever changing. As is becoming more widely understood, species most now migrate to find appropriate new habitats in our...
-
Tech Construction Boom
The Biden administration’s industrial policy, specifically the CHIPS and Science Act, appears to be having a serious real-world effect. Construction...
-
Levy Institute: Climate Change and the Ethical Obligation to Know
“The economy is a wholly owned subsidiary of the environment, not the other way around.” Herman Daly In his presentation at the Levy Institute’s...
Fed Focus
-
Levy Institute: Climate Change and the Ethical Obligation to Know
May 30, 2023“The economy is a wholly owned subsidiary of the environment, not the other way around.” Herman Daly In his presentation at the Levy Institute’s recent panel on -
Longer & Mostly Milder, but Don’t Sneeze
November 19, 2018Rising interest rates probably won’t help the startup series, outlined below, head northward. How does the current tightening cycle stack up against earlier instances? -
Trends in FOMC projections
April 9, 2018We thought some graphs of the FOMC’s projections and revisions would be useful as Chair Powell takes the helm. In a phrase, they’re pretty good when things are
TLR in the News
-
In Barron’s
March 26, 2020Randall Forsyth culls the attached text: That was despite some backpedaling on Friday, following January’s employment report, which was less spectacular than the -
Randall Forsyth’s IPO Roundup
April 21, 2019Randy Forsyth posted a nice round-up of “high-wire” IPOs in Barron’s on Saturday, quoting some research we published last week: “Wacky IPOs might be -
TLR in WOWS, AKA Welling on Wall Street
January 8, 2019We are happy that the formidable Kate Welling is a long-time reader of our work, and a wonderful friend, and are always pleased when she republishes our stuff, in this
Subscriptions
No ideology, no agenda, just a straight take on breaking economic data.
Each week as we scrutinize incoming data, we will send you a graph and a concise note on anything new that’s worth your time, 4 – 5 times a week. Our perspective allows you to make intelligent decisions no matter what political or economic outlook you embrace.
Subscribe for $27 a month >
More Info...
Subscribe >
More Info...
Subscribe >
