Click here to view larger version.

By Robert Romano Today, the U.S. unemployment rate ticked down to a 50-year low of 3.5 percent as 179,000 more Americans were employed in the Bureau of Labor Statistics’ household survey. After today, there will only be three more unemployment reports before the Nov. 8 Congressional midterms : Sept. 2, Oct. 7 and Nov. 4. President Joe Biden — who said the day […]

By Richard Manning The Federal Trade Commission’s website states, “Our mission is protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity.” The Biden FTC, led by Chair Lina Khan, in […]

By Robert Romano Job openings have crashed by more than 1.1 million since March to about 10.7 million, appearing to signal an imminent uptick in the unemployment rate over the coming months and perhaps years depending on the severity of the current recession, an analysis of Bureau of Labor Statistics (BLS) Job Openings and Labor Turnover (JOLT) survey and household survey data showing an inverse relationship […]

By A.F. Branco Click here for a higher level resolution version.

By Robert Romano “That doesn’t sound like a recession to me.” That was President Joe Biden on July 28, right before he rushed away from reporters who likely had questions about the 0.9 percent contraction annualized of the Gross Domestic Product (GDP) in the second quarter reported by the Bureau of […]

To view a higher resolution version, click here.  

By Robert Romano The U.S. economy contracted another 0.9 percent in the second quarter of 2022, following a 1.6 percent decline in the first quarter and thus marking the second consecutive quarter of negative growth — usually thought to signal a recession — according to the latest data by the Bureau of Economic Analysis (BEA) . But wait, says […]

By Robert Romano Unemployment insurance continuing claims increased by 122,000 on a non-seasonally adjusted basis from July 2 to July 9 to 1.45 million, the latest U.S. Department of Labor data shows , as multiple historical recession signals are flashing red. The number comes as initial unemployment claims have continued ticking upward on both on […]

By Robert Romano “It is very hard to conclude that we are in a recession when you look at the payroll and the job gains that we’ve seen now, it is tricky to look around the corner here, and I’m not going to predict quarters down the […]