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Reminder on Temporary Decennial Census Hiring; Expect about 15,000 Temp Jobs in September Report

In the August employment report, the BLS reported In August, employment in federal government increased by 28,000. The gain was mostly due to the hiring of 25,000 temporary workers to prepare for the 2020 Census.emphasis added Earlier, on August 12th, from the Census Bureau: U.S. Census Bureau Announces the Start of First Major Field Operation […]

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Lawler: “Off-Calendar” Census Population Projection Update Coming; To Include Alternative Migration Scenarios

CR Note: This is a technical “heads-up” for data nerds. From housing economist Tom Lawler: “Off-Calendar” Census Population Projection Update Coming; To Include Alternative Migration Scenarios According to a Census “Tip Sheet,” Census next week will be releasing several new and updated population reports. Here is the Census release: “The U.S. Census Bureau will be […]

Investing

Temporary measures have stabilized repo markets

Recent volatility in overnight funding markets has resulted in unprecedented levels of interest rates on repurchase agreements — so-called “repo rates.” The unexpected turbulence has prompted the Federal Reserve (Fed) to inject billions of dollars of liquidity into the system through open market operations used to control short-term interest rates. But while several factors appear […]

Investing

Tax cuts in India: Damn the torpedoes

From an economic policymaking standpoint, you have to hand it to the Narendra Modi-led government of India. When you think everything has been said and done on a particular matter, they find a way to surprise you. Unfortunately, at times, that has led to missteps like demonetization. For a change, though, the government made a […]

Stock

ADP: Private Employment increased 135,000 in September

From ADP: Private sector employment increased by 135,000 jobs from August to September according to the September ADP National Employment Report®. … The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.…“The job market has shown signs of a slowdown,” said […]

Tax

Fisking the FT on fiscal rules

There was a deeply depressing editorial in the Financial Times published overnight on the subject of Sajid Javid and Boris Johnson abandoning George Osborne’s fiscal rule that current government spending should be funded by taxation. As they said: [T]here is one important difference between the two approaches. Mr Osborne stressed his commitment to fiscal credibility […]

Tax

Priti Patel: sickening

I tweeted this yesterday. I was sickened by Patel’s smile as she said she’d make sure she took away the human rights of people in the UK. I was appalled as she stated her aim to make the world a worse place. I was ashamed and sickened that this was happening in this country. It […]

Tax

The Green New Deal: building a secure future

This post by me was on the Progressive Economy Forum blog yesterday. I admit it’s an iteration of something that has been here before, but if a thing is worth saying, it’s worth saying again: The Green New Deal recognises that we live in a world of massive insecurity. The UK’s neoliberal economic model has […]

Stock

Large, liquid and unloved: China’s story runs deeper than trade

Most of what investors hear about China today centers on the trade conflict and technology competition with the U.S. These issues, and the headlines they generate, are unlikely to disappear anytime soon. Yet they mask some important and less-read “footnotes” about the world’s second-largest economy ― and the burgeoning opportunity in its onshore A-Share equity […]