By Robert Romano Non-seasonally adjusted unemployment continued claims increased almost 116,000 in July to 1.91 million according to the latest data compiled by the Department of Labor. That’s up 711,000 from its Oct. 2022 low. But overall unemployment has increased by 1.47 million from its Dec. 2022 low of 5.69 million to July’s level […]

By Robert Romano The spread between 10-year treasuries and 2-year treasuries briefly uninverted above 0 this morning on Aug. 5 for the first time since July 2022, when it fully inverted in the wake of the sticky inflation which peaked at 9.1 percent in June 2022 . It quickly reinverted itself and stands at just -0.1 percent as of this writing.  […]

By Robert Romano The U.S. unemployment rate once again ticked up in the month of June to 4.3 percent as another 352,000 Americans said they were unemployed, according to the latest data from the Bureau of Labor Statistics . Markets are crashing in response. Overall, 1.47 million more Americans say they’re unemployed since Dec. 2022 , with the number of unemployed now up to 7.16 million, the highest […]

By Robert Romano “We gave them a great country with essentially no inflation. And after two years, they drove this country and they drove inflation through the roof. Two years, cost of living went up in some cases by over 50 percent. They say 22 percent. They […]

By Robert Romano “There aren’t enough babies being born in our country… This is a civilizational crisis, and if we’re not willing to spend resources to solve it, we’re not serious about the very real problems that we face.” That was Sen. J.D. Vance (R-Ohio) in 2021 before he was elected in 2022, […]

By Robert Romano With President Joe Biden no longer on the Democratic Party ticket, attention is now shifting to the new presumptive Democratic nominee, Vice President Kamala Harris. While she may indeed get a bump in the polls against former President Donald Trump taken in the aftermath […]

By Robert Romano Consumer inflation reversed course slightly in June as overall prices fell by 0.1 percent, led by drops in gasoline and other energy products, according to the latest data compiled by the Bureau of Labor Statistics . But it might be a situation of too little, too late for President Joe Biden who faces reelection this year […]

By Robert Romano The U.S. unemployment rate ticked up once again to 4.1 percent in June, according to the latest data compiled by the U.S. Bureau of Labor Statistics , in what is surely bad new for President Joe Biden and whomever might be considered to replace him on the ballot as the Democratic nominee should he step aside. No matter what, whether […]

By Robert Romano Producer prices fell 0.2 percent in May, led by a 5.4 percent drop in energy, according to the latest data from the Bureau of Labor Statics, and following 0 percent change in consumer prices reported a day earlier. Producer prices overall for the last year have […]

By Robert Romano Consumer prices were unchanged at 0 percent in May after a 2 percent drop in energy prices, with annual inflation the past 12 months now down to 3.3 percent from its June 2022 peak of 9.1 percent , according to the latest data from the Bureau of Labor Statistics. Overall, the 0 […]