All are expecting a dovish Fed statement at the conclusion of its two day meeting. Many are perplexed by the lack of wage inflation given the low unemployment rate. Will the Fed address the labor participation rate (LPR) as a primary cause, a...
Many times I have discussed the labor participation rate (LPR). The LPR is quickly rising in stature as the unemployment rate indicates an economy close to full employment. I have often remarked a major reason for today’s low unemployment rate is result of the large...
Will political uncertainty begin to weigh upon equity prices? The world is dramatically changing. The EU holds elections in May and right of center parties are expected to capture over a third of the seats. France’s President Macron is desperately appealing to...
Many have argues August’s job report would have an unusually large influence on the Federal Reserve. In my view Friday’s release did not disappoint and is certain to fuel a heated discussion both within and outside the Fed....
July’s employment data is released at 8:30. To remind all May’s data flopped and June’s data flipped, the result of which caused a radical change in monetary policy assumptions. Will July’s data be the disaster that we experienced in June when only 11,000 jobs were...
June’s labor report has added to the “unusual uncertainty” environment facing the markets. The report was the inverse of May’s broad based unexpected weakness…unexpected broad based strength....
Today June’s employment report is released. The report needs to show a rebound in job creation, higher wage growth and an increase in the labor participation rate (LPR). In other words the report has to be the inverse of May’s dismal report that universally changed...
Some have opined the first Friday of each month brings a new chapter of the government chronicalizing the health of the US economy; the BLS Employment Report. Stock and bond markets respond immediately too it as many—analysts, traders, central bankers—form broad based conclusions, conclusions that...
Last week the S & P dropped by the greatest amount since February amid lackluster earnings for several large cap momentum issues and disappointing economic data. This week can again be of significance given many of the second tier companies post results, results that can...
Where do I start? The last 30 days could be pivotal. Commenting first about the jobs data, in my view march’s employment report is something all could have been hoping for. Payrolls rose more than expected and the prior month’s data was revised higher. Over...