While yesterday’s disappointing employment report reflects an economy struggling to create jobs during an extended, sub-par “jobless recovery,” it’s been a much rosier employment picture in one of America’s most successful “shovel-ready” job-creating industries: Oil and Gas Extraction. The chart … read more
Romney’s Intrade odds got a boost yesterday up to 41.5% after the weak jobs report, and President Obama’s odds took a hit, falling to 54.1% (see chart), the lowest since January.
After every jobs report, I update the jobs forecast and chart Team Obama put out in January 2009 that projected the future unemployment rate if Congress passed his stimulus plan. It shows the unemployment rate far higher today than what Obama … read more
Economist Bruce Kasman of JPMorgan, who just slashed his 3Q US GDP forecast to 2% from 3%: Disappointing May releases alongside the ongoing Euro area sovereign crisis is prompting important changes to our forecast. Although our global growth estimates have … read more
Larry Kudlow: You would think $1 trillion in spending stimulus and $2.5 trillion of Fed pump-priming would produce an economy a whole lot stronger than 1.9 percent GDP, which was the revised first-quarter number. And you’d think all that government … read more
Not even a hint of a recession in South San Antonio, where businesses are popping up overnight, like popcorn in a microwave……. “Rarely does a week go by that the Southside Chamber is not involved in a ribbon cutting,” said … read more
More evidence of the significant benefits from the Shale Revolution…. 1. “Philadelphia Gas Works announced today the latest decrease in natural gas rates, which have been falling because of low commodity prices. The new rate for residential customers is $1.35 … read more