Helping You Survive and Prosper in the Greater Depression
Here is a look at the labor numbers before the January jobs report from the Bureau of Labor Statistics (BLS): Employment Cost Index (ECI) Q4: +1 percent ADP Employment Change: +106,000 JOLTs Job Openings: 11.012 million JOLTs Job Quits: … [Continue reading] about A look at this week’s labor data ahead of key January NFP report
The financial markets continue to fight the Fed. Despite the Federal Open Market Committee (FOMC) promising "future increases" and Federal Reserve Chair Jerome Powell vowing to keep raising interest rates until inflation has been vanquished, … [Continue reading] about Futures market betting Federal Reserve will cut interest rates in September
President Joe Biden and the Democrats have stated that the reason why the IRS needs 87,000 new agents is to go after billionaires. However, numerous studies have found that the tax-collecting agency actually targets everyone but wealthy … [Continue reading] about Study: IRS five times more likely to target black tax filers
U.S.-based companies announced 102,943 job cuts in January, up from 43,651 in December. This is the highest number since September 2020 and the highest January print since 2009. The technology sector accounted for 41 percent of all cuts (41,829), … [Continue reading] about ‘Recession or Correction’: US companies slashed 103,000 jobs in January, data show
Tomorrow's jobs report should be fascinating for a couple of reasons. First, it will be the first employment update for 2023. Second, will it match what the ADP reported, which was just 106,000 new jobs in the private sector? Third, how will … [Continue reading] about Tomorrow’s jobs report could set the stage for U.S. labor market in 2023