This component is going nowhere: Still trying to catch up from the oil capex collapse of 2016 and covid collapse: Not good: This is an all time low as people scramble to get extra jobs to deal wi...
This could easily drive oil up past $200/barrel and trigger a serious recession. This survey/forecast is higher than precovid. The full employment report comes out Friday: Gross new hires have be...
Recovered to trend but only because this chart isn’t adjusted for inflation: Nor does the narrative that consumers have gone crazy buying goods seem to be holding up: Not a lot of growth here: ...
With oil prices working their way higher, so is US oil drilling: Looks like they are falling back to ‘trend’: Still lots of slack: So much for the notion that businesses can’t find employee...
Highlights ADP sees the private payroll reading in Friday’s employment report coming in at 178,000. But ADP has been wild lately, evident in its sharp 33,000 upward revision to June which is no...
Lower than expected and last month revised lower: Highlights ADP sees June private payrolls rising 158,000 which misses Econoday’s ADP consensus of 180,000. Econoday’s consensus for actual pr...
Another setback for those grasping for straws looking for housing to lead a recovery: MBA Mortgage Applications Gas prices up enough to hurt consumers, but not enough boost oil capex. You might s...
Not a good sign for US sales: Mexico Car Production Mexico’s auto production decreased by 4.1 percent on the year in February of 2016 following a 0.4 percent rise in January and exports dropped...
https://moslereconomics.com/2016/03/07/mexico-car-production-oil-prices/
As previously suspected, last month’s higher print was just a bit of volatility on the way down, as per the chart: Chicago PMI Highlights Another month and another month of wild volatility for ...
Up last week now back down as this sector remains in prolonged depression: MBA Mortgage Applications Highlights The purchase index has been posting outsized gains this year but not in the January...