By request, here is another update of tracking employment during Presidential terms. We frequently use Presidential terms as time markers – we could use Speaker of the House, Fed Chair, or any other marker. NOTE: Several readers have asked if I could add a lag to these graphs (obviously a new President has zero...
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We all remember the promises for the 2017 Tax Cuts and Jobs Act (TJCA): 1) “Boost growth to 3.5 percent per year on average, with the potential to reach a 4 percent growth rate.” 2) Boost business investment 3) Pay for itself (Not increase deficit) 4) Give the typical American household around a ,000...
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By request, here is another update of tracking employment during Presidential terms. We frequently use Presidential terms as time markers – we could use Speaker of the House, Fed Chair, or any other marker. NOTE: Several readers have asked if I could add a lag to these graphs (obviously a new President has zero...
Read more »
Here is another update of tracking employment during Presidential terms. We frequently use Presidential terms as time markers – we could use Speaker of the House, or any other marker. NOTE: Several readers have asked if I could add a lag to these graphs (obviously a new President has zero impact on employment for...
Read more »
Earlier:, my March Employment Preview: Mixed Signals and Goldman: March Employment Preview Friday:• At 8:30 AM ET, Employment Report for March. The consensus is for an increase of 178,000 non-farm payroll jobs added in March, down from the 235,000 non-farm payroll jobs added in February. The consensus is for the unemployment rate to be...
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By request, here is another update of an earlier post through the October 2016 employment report including all revisions. NOTE: Several readers have asked if I could add a lag to these graphs (obviously a new President has zero impact on employment for the month they are elected). But that would open a debate...
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Friday:• At 8:30 AM ET, Employment Report for August. The consensus is for an increase of 175,000 non-farm payroll jobs added in August, down from the 255,000 non-farm payroll jobs added in July. The consensus is for the unemployment rate to decrease to 4.8%. • Also at 8:30 AM, Trade Balance report for July...
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By request, here is another update of an earlier post through the July 2016 employment report including all revisions. NOTE: Several readers have asked if I could add a lag to these graphs (obviously a new President has zero impact on employment for the month they are elected). But that would open a debate...
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Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 265 thousand initial claims, up from 254 thousand the previous week. • Also at 8:30 AM, The Producer Price Index for June from the BLS. The consensus is for a 0.3% increase in prices, and a...
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Earlier my employment preview (I took the under) and Goldman’s NFP forecast (Goldman took the over). Friday:• At 8:30 AM ET, Employment Report for June. The consensus is for an increase of 180,000 non-farm payroll jobs added in June, up from the 38,000 non-farm payroll jobs added in May. The consensus is for the unemployment rate...
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