bls

Someone Is On Drugs, Alright

By |2018-05-03T18:10:34+00:00May 3rd, 2018|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

For the second straight quarter, the Bureau of Labor Statistics (BLS) estimates US productivity growth was less than 1%. That’s not surprising given the weakening in output as measured by GDP, the data reported by the Bureau of Economic Analysis (BEA). Productivity is the bridge between the BLS’s labor numbers and the more general economic [...]

The Reluctant Labor Force Is Reluctant For A Reason (and it’s not booming growth)

By |2018-01-05T17:13:10+00:00January 5th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In 2017, the BLS estimates that just 861k Americans were added to the official labor force, the denominator, of course, for the unemployment rate. That’s out of an increase of 1.4 million in the Civilian Non-Institutional Population, the overall prospective pool of workers. Both of those rises were about half the rate experienced in 2016. [...]

Payrolls Hit The Trifecta of Awful

By |2018-01-05T12:30:22+00:00January 5th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Last year was an objectively bad year for American workers. The latest payroll figures from the BLS for December 2017 fill out what was an awful picture. According to its Establishment Survey, the data that’s taken as the definitive source on the US labor market, total payrolls expanded by 2.055 million in 2017. That annual [...]

Taking Turns With The B(L)S

By |2017-12-21T18:27:53+00:00December 21st, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The worst aspect of this economy is by far the real effects pressed upon especially American workers. Of that there is no doubt, including young adults who would be working rather than “studying” if the economy was at all like it has been described. The second worst part is watching politicians trade their descriptions for [...]

What Manufacturing Productivity Suggests About ‘Dollars’ And Stagnation

By |2017-07-25T16:42:35+00:00July 25th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In a report released last week, the Bureau of Labor Statistics (BLS) found that Multi-Factor Productivity rose in only 21 of the 86 categories of the manufacturing industry in 2015. Unlike labor productivity which is more easily calculated, Multi-Factor Productivity measures attempt to take account of all business inputs (including labor). Capitalism is by its [...]

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