When the May jobs report came out with 2.5 million jobs added a drop in unemployment to 13.3%, I told several friends the numbers seemed implausible. It appears I might have been right. The Department of Labor’s Bureau of Labor Statistics survey takers mistakenly misclassified about 4.9 million people as employed, although they were unemployed.…
As noted earlier, today’s payrolls report was a far stronger than expected 128K (exp. 85K), even with the negative impact of the GM strike and the unwind of census hiring, which subtracted 41,600 and 20,000 workers from the headline print. In any case, October marked the 109th straight month of U.S. job growth, the longest…
The nation’s unemployment rate sank in April to the lowest rate since December 1969, but the milestone comes with a big caveat: The decline stemmed from more people quitting their search for work. The jobless rate slipped to 3.6% last month from 3.8% in March, continuing a long downward arc from a 27-year high of…
With Gold and Silver Prices Smashed Through Significant Levels After the London Close This Afternoon [Friday 12, 2016], Craig Hemke Analyzes the Brutal Take-Down: Gold and Silver Absolutely SMASHED – Timing Suggests Tightness in London Physical Market Price Manipulation is like Pornography – Its Hard to Define, But You Know it When You See It,…
Hours ago, it was revealed that Deutsche Bank is set to fire some 23,000 people or around a quarter of its workforce. The move comes as new CEO John Cryan works to cut costs and boost profitability after the bank’s co-CEOs Anshu Jain and Jürgen Fitschen were shown the door as investors became impatient with…
President Jimmy Carter caught significant flak early in his administration when he stated that the “ultimate requirement” for Arab-Israeli peace was to resolve the “Palestinian problem” through a “homeland provided for the Palestinian refugees who have suffered for many, many years.” Widely viewed at the time as the president heretofore most sympathetic to the plight…
