Blog Archives

Storm clouds on the horizon

Today’s jobs report doesn’t paint the picture of a robust economic recovery. After excluding the 225,000 net decline in Census 2010 workers, total payrolls increased by 100,000 during the month of June. Construction and financial activities remained sore spots, shedding

Taking a Breather

Today’s release of May retail sales data was greeted with boos as it showed the first outright monthly decline in consumer spending—and a sizable one at that—since last fall. As we’ve preached in earlier posts, interpreting a trend from one

Don’t Be Fooled!!

The announcement of a net 431,000 new jobs being created during May certainly gives off the strong impression of a rapidly improving job market. Unfortunately, 411,000 of those jobs came via temporary workers tasked with performing work for the 2010

Less Bad is Still Not Good

Despite some recent signs of improvement in the labor market and other macroeconomic indicators, the mortgage foreclosure problem continues to roll along. The Mortgage Bankers Association (MBA) reports that during the first quarter of 2010 mortgage delinquencies increased to account