The Bureau of Labor Statistics has made some nice upgrades to their jobs report highlights. Always makes me laugh that “drinking places” is an official government stat. Interesting too: January marks 35 consecutive months without a job loss in this industry. Food services and drinking places recovered all the jobs it lost in the most recent recession, and employment is now 441,000 above its most recent peak reached in December 2007. Prohibition be damned. Booze and other vices obviously help the economy.
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- Inflation Remains well Contained.
- Housing Starts down. Purchase Applications Spike.
- Wholesale Prices up Slightly.
- Manufacturing up Slightly.
- Import/Export Prices Continue Lower.
- Jobs Market Still Healthy.
- Purchase Applications -11.0% from a Year ago.
- Some Encouraging Signs in BLS.
- Jobless Claims low but Payroll/Population down.
- Flat Fundamentals.