Today we’ll have three quick blog posts discussing some data from this month’s nonfarm payrolls report. In this first post, we’ll focus on wages. As shown in the chart below, YoY growth of average hourly earnings for all private employees
February 2, 2018
Further to my recent article ‘Bond bear due for hibernation in 2018?’, my partner Cory Venable has prepared this insightful chart of 10-year US Treasury yield cycles since 1993. While the overall trend has been lower (solid purple line) throughout, the
Well predictably, it’s a s**tshow right out of the gate, with stocks plunging (or what counts as “plunging” these days) across the board. Of course, this was already baked in headed into the cash open, but so far the dip-buyers
Nonfarm payrolls rose by 200K in January beating the consensus of 175K. Unemployment held at 4.1% for the 4th month. Initial Reaction Today’s establishment survey shows jobs rose by 200,000 topping the consensus estimate of 175,000. The household survey (Table
I first ran into the idea of zombie firms–and the need to kill them–back in the late 1980s, when the US savings and loan industry was melting down. Here’s an explanation from that time from Edward Kane (“The High Cost of
Merck & Co., Inc. MRK reported fourth-quarter 2017 adjusted earnings of 98 cents per share, which beat the Zacks Consensus Estimate of 94 cents by 4.3%. Earnings rose 10.1% year over year as slightly higher sales, lower taxes and higher other income
There rarely is a more interesting time to be observing the Bitcoin market than what we see now. In an article on CNBC, we read: Digital currency bitcoin fell Tuesday as the 20 largest digital currencies by market capitalization all declined,
You’ve just found it — a promising cryptocurrency startup that few have heard of. It claims to be developing a blockchain system for agricultural commodities, such as fruits and vegetables. Its goal: to raise $6.5 million. It’s exciting to be part of
The headline seasonally adjusted BLS job growth was above expectations. Analyst Opinion of the BLS Employment Situation The household and establishment surveys could not be compared this month – according to the BLS “December – January changes in household data
Ok, well if what you were looking for was an AHE beat on top of a headline payrolls beat from Friday’s jobs report, you got it and the knee-jerk is 10Y yields spiking with the dollar. As noted, this is a risk
