2481. May Employment Report: 139 thousand Jobs, 4.2% Unemployment Rate
Bill McBride discusses the May employment report, highlighting job growth, unemployment rates, and revisions to previous months' payroll data.
your daily dose of economic commentary
Bill McBride discusses the May employment report, highlighting job growth, unemployment rates, and revisions to previous months' payroll data.
Steve Inskeep discusses Sen. Tim Kaine's views on the potential impact of Trump's tariffs on federal debt and the broader economy.
The post explores the implications of the separation between Trump and Musk for SpaceX and Tesla, highlighting the complexities of government reliance on Musk's enterprises.
A plan to drastically reduce the workforce of Voice of America from 1,300 to 81 employees is discussed, highlighting significant cuts in the agency.
Menzie Chinn discusses the implications of American consumption levels on the economy and trade, highlighting the need for fiscal rebalancing and potential reforms.
David Henderson discusses Adam Smith's arguments against imperialism, highlighting his analysis of the costs and benefits related to British colonialism.
Menzie Chinn discusses the recent inversion of the 10-year and 3-month Treasury yields and the ongoing depreciation of the dollar, indicating a weaker GDP outlook.
Nate Silver discusses the escalating feud between Elon Musk and Donald Trump, analyzing its implications for American politics and the influence of social media on public perception.
An argument that trade balances are not the primary cause of economic disparities in regions, highlighting automation's role over international trade in shaping local economies.
The post discusses significant increases in housing inventory and new listings, while median list prices remain stable, indicating trends in the real estate market.
Kevin Corcoran critiques regulatory overreach in vehicle design, highlighting how safety rules can restrict personal freedom and comfort for consumers.
The post analyzes upcoming employment data, discussing job growth forecasts, unemployment rates, and indicators from various reports to assess labor market trends.
An argument that the federal government's reduction in inflation data collection may lead to less accurate cost-of-living measures in certain cities.
Alex Tabarrok discusses the impact of labor laws and bankruptcy regulations on employment dynamics in the U.S., Portugal, and India, emphasizing the importance of exit barriers.
The post critiques Musk's influence on government, highlighting his arrogance and incompetence while discussing the negative consequences of his policies and claims.
The post discusses the U.S. trade deficit reduction in April, highlighting changes in exports and imports, and the impact of tariffs on trade dynamics.
Robert Vienneau discusses Harrod-neutral technical change and its impact on the choice of production techniques in a two-commodity economy.
An argument that parallels the Gilded Age with contemporary issues of wealth inequality and corruption in the U.S., questioning if history is repeating itself.
An argument that despite temporary economic stability, the potential long-term consequences of Trump's tariffs and policies still pose a significant risk to the economy.
Tyler Cowen discusses John Arnold's transition from trading to philanthropy, energy systems, and the challenges of nuclear energy and solar power.