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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- Existing Home Sales up.
- Housing Starts down but SFR Starts up.
- Inflation Rises. Shelter 3.4% and Medical Care 4.8%.
- Manufacturing Flat, at best.
- Retail Sales Pick up.
- Initial Jobless Claims Remain low but…
- Job Openings down.
- Labor Market Conditions Index Falls again.
- Another Weak Jobs Report.
- Initial Jobless Claims Remain low.