151,000 jobs created in October

The Department of Labor reported this morning that the U.S. economy added 151,000 jobs last month.  Most importantly, the private sector added 159,000 jobs.  Additionally, September’s data were revised significantly.  The initial report for the ninth month of...

Hire someone already! We’re very tired

The United States Department of Labor reported three significant economic statistics this morning… 1.  Weekly jobless claims were up 20,000 to 457,000.  The four-week moving average rose 2,000 to 456,000. 2.  Worker productivity rose to 1.9% in the third...

Retail sales barely up in October

Most of the major retailers that report same-store sales growth have reported their October sales figures.  The aggregate result is that same-store sales were up a very meager 1.6% relative to last year’s October.  Same-store sales compare the sales at a store...

The elections will not change much of anything

Most of the mid-term election results in the United States are now in.  What can we expect now that the Republican party has taken control of the House of Representatives?  What can we expect now that Democrats have lost the ability to solely dictate the legislative...