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    Economics / consumer confidence, jobs, recovery, unemployment /

    Take A Deep Breath: Good Jobs Report

    May 7, 2010

    Now that’s much better. There is nothing in this morning’s report not to like, even the rise in unemployment from 9.7% to 9.9%. Let me explain: First let’s all remember that there are two different reports combined here. One is the result of a survey of employers – called the ‘establishment survey’, this is the […]

    Economics / bailouts, bank reform, banking, Brown-Kaufman, Geithner, Jamie Dimon, JP Morgan Chase /

    Bank Reform Watch

    May 6, 2010

    As we speak the Senate is wading through a pile of amendments to the Dodd proposal for bank reform. Some of these have been passed already: things like raising the fees for FDIC insurance that the big banks pay, and the elimination of future taxpayer bailouts look set to be part of the ultimate package. […]

    Economics / ADP Employment Report, ISM Business Conditions Index, jobs, unemployment /

    Reasonable News: Jobs and Service Growth

    May 6, 2010

    Yes, the tone of the news is much better than it used to be. The last couple of days have produced reports on employment, claims for unemployment assistance, and for business activity in the non-manufacturing sector. All have been reasonable. Not treat, but reasonable. Yesterday’s report from ADP, the payroll servicing company, told us that […]

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