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  • 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 decennial Census, with the remaining 20,000 jobs added...
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  • 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 month’s worth of data is a mistake...
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