“The report doesn’t directly affect the period since March. But the scale of the overestimate has led many economists to conclude that more recent #job gains have probably also been overstated.” #usecon
www.nytimes.com/2025/09/09/b...
www.nytimes.com/2025/09/09/b...
Employers Added Nearly a Million Fewer Jobs Than Believed, Data Shows
www.nytimes.com
September 9, 2025 at 9:23 PM
“The report doesn’t directly affect the period since March. But the scale of the overestimate has led many economists to conclude that more recent #job gains have probably also been overstated.” #usecon
www.nytimes.com/2025/09/09/b...
www.nytimes.com/2025/09/09/b...
November 27, 2025 at 1:18 AM
More interesting #US #jobs data from #DeanBaker: “The category, ‘ #scientific #research and development services’ has lost almost 20k jobs this year (2.0 percent). It had been growing modestly, adding 6,400 jobs in 2024.” #usecon
November 22, 2025 at 1:49 PM
More interesting #US #jobs data from #DeanBaker: “The category, ‘ #scientific #research and development services’ has lost almost 20k jobs this year (2.0 percent). It had been growing modestly, adding 6,400 jobs in 2024.” #usecon
“For the record, #trade between the #U.S. and #Canada is roughly balanced, and cutting off this trade would be severely damaging to both #economies:” #cdnecon #usecon #tariffs open.substack.com/pub/paulkrug...
January 27, 2026 at 2:08 PM
“For the record, #trade between the #U.S. and #Canada is roughly balanced, and cutting off this trade would be severely damaging to both #economies:” #cdnecon #usecon #tariffs open.substack.com/pub/paulkrug...
1/8 🇺🇸 SCOTT BESSENT: INEPT, INCOMPETENT, DISHONEST, SMUG, & CRAVEN -- TRUMP CERTIFIED GRADE 'A' 🇺🇸
With national debt topping $40tn and bond yields surging, the US Treasury Secretary faces mounting turmoil over tariffs and Iran.
Source: The Guardian
#USPol #Geopolitics #CdnPoli #USEcon #Bessent
With national debt topping $40tn and bond yields surging, the US Treasury Secretary faces mounting turmoil over tariffs and Iran.
Source: The Guardian
#USPol #Geopolitics #CdnPoli #USEcon #Bessent
August 29, 2026 at 9:25 PM
1/8 🇺🇸 SCOTT BESSENT: INEPT, INCOMPETENT, DISHONEST, SMUG, & CRAVEN -- TRUMP CERTIFIED GRADE 'A' 🇺🇸
With national debt topping $40tn and bond yields surging, the US Treasury Secretary faces mounting turmoil over tariffs and Iran.
Source: The Guardian
#USPol #Geopolitics #CdnPoli #USEcon #Bessent
With national debt topping $40tn and bond yields surging, the US Treasury Secretary faces mounting turmoil over tariffs and Iran.
Source: The Guardian
#USPol #Geopolitics #CdnPoli #USEcon #Bessent
1 Bloomberg: The New York Fed’s Economic Heterogeneity Indicators show #retailspending in the US driven by #high-incomehouseholds earning more than $125,000 per year. 🧵
#usecon #USEconomy #KShapedEconomy
#usecon #USEconomy #KShapedEconomy
May 4, 2026 at 11:50 AM
1 Bloomberg: The New York Fed’s Economic Heterogeneity Indicators show #retailspending in the US driven by #high-incomehouseholds earning more than $125,000 per year. 🧵
#usecon #USEconomy #KShapedEconomy
#usecon #USEconomy #KShapedEconomy
“Oh, and while both Donald #Trump and Scott #Bessent have recently asserted that #constructionjobs are booming, #employment growth in #construction, which was high under Biden, has in fact fallen precipitously:” open.substack.com/pub/paulkrug... #usecon #PaulKrugman
February 12, 2026 at 12:58 PM
“Oh, and while both Donald #Trump and Scott #Bessent have recently asserted that #constructionjobs are booming, #employment growth in #construction, which was high under Biden, has in fact fallen precipitously:” open.substack.com/pub/paulkrug... #usecon #PaulKrugman
2 #TorstenSlok, chief economist, Apollo Global Management: As these firms scale, they will create #jobs, underscoring that #AI is likely to strengthen, not disrupt, the #US #labormarket.
#usecon
#usecon
March 7, 2026 at 2:53 PM
2 #TorstenSlok, chief economist, Apollo Global Management: As these firms scale, they will create #jobs, underscoring that #AI is likely to strengthen, not disrupt, the #US #labormarket.
#usecon
#usecon
1 CIBC: No surprises on #US core #price pressures in August. Core #CPI came in at a 0.3% m/m pace, matching the consensus expectation. Headline #prices rose hotter than expected, coming in at 0.4% (vs. 0.3% expected). On an annual basis, core stayed unchanged at 3.1% … 🧵
#usecon #inflation
#usecon #inflation
September 11, 2025 at 12:56 PM
#TorstenSlok, chief economist at Apollo Global Management: Dallas Fed data show net #unauthorized #immigration flows turning negative, meaning more individuals are leaving the #US than entering
#usecon
#usecon
March 8, 2026 at 12:48 PM
#TorstenSlok, chief economist at Apollo Global Management: Dallas Fed data show net #unauthorized #immigration flows turning negative, meaning more individuals are leaving the #US than entering
#usecon
#usecon
3 CIBC: … #Tariffs were unlikely to have a major impact this month, being the first month of the administration’s global #tariff regime. #Businesses also had the means to be patient with healthy inventories and elevated margins #CPI #inflation #usecon
May 13, 2025 at 1:05 PM
3 CIBC: … #Tariffs were unlikely to have a major impact this month, being the first month of the administration’s global #tariff regime. #Businesses also had the means to be patient with healthy inventories and elevated margins #CPI #inflation #usecon
1 CIBC: The #FederalReserve #FOMC unanimously decided to raise the benchmark federal funds rate by 25 bps to 3.75% to 4% range. The statement frames this hike explicitly aimed at getting “a timelier return to the Committee’s 2 percent goal.” 🧵
#Fed #usecon
#Fed #usecon
September 16, 2026 at 6:57 PM
1 CIBC: The #FederalReserve #FOMC unanimously decided to raise the benchmark federal funds rate by 25 bps to 3.75% to 4% range. The statement frames this hike explicitly aimed at getting “a timelier return to the Committee’s 2 percent goal.” 🧵
#Fed #usecon
#Fed #usecon
1 BMO: #U.S. #labormarket deterioration intensified in August with net #job gains slumping dangerously close to stall speed. This raises the risk of a harder landing for #consumerspending and the #economy in the months ahead. 🧵
#nonfarmpayrolls #jobs #jobsdata #usecon
#nonfarmpayrolls #jobs #jobsdata #usecon
September 5, 2025 at 2:09 PM
1 BMO: #U.S. #labormarket deterioration intensified in August with net #job gains slumping dangerously close to stall speed. This raises the risk of a harder landing for #consumerspending and the #economy in the months ahead. 🧵
#nonfarmpayrolls #jobs #jobsdata #usecon
#nonfarmpayrolls #jobs #jobsdata #usecon
Props to James Surowiecki for uncovering the completely loony method Trump apparently used to calculate these tariff rates. Is the Council of Economic Advisers still active under the Trump administration and, if so, what are they doing?? 🤷🏾♂️😬
#JamesSurowiecki #TrumpTariffs #uspoli #usecon
#JamesSurowiecki #TrumpTariffs #uspoli #usecon
I just did the numbers and this assumption looks to be completely right.
Let’s pause for a minute and consider how INSANE this is. 🧵
Let’s pause for a minute and consider how INSANE this is. 🧵
April 3, 2025 at 5:47 PM
Props to James Surowiecki for uncovering the completely loony method Trump apparently used to calculate these tariff rates. Is the Council of Economic Advisers still active under the Trump administration and, if so, what are they doing?? 🤷🏾♂️😬
#JamesSurowiecki #TrumpTariffs #uspoli #usecon
#JamesSurowiecki #TrumpTariffs #uspoli #usecon
1/14 🇺🇸 CLASS WAR IS THE FUTURE OF AMERICAN POLITICS 🇺🇸
A new era of extreme wealth politics is dawning.
From Silicon Valley's "Stop Hiring Humans" billboards to a proposed billionaire tax, lines are being drawn.
David Wallace-Wells reports.
#USPol #DemocracySky
#USEcon #Inequality #NoKings #AISky
A new era of extreme wealth politics is dawning.
From Silicon Valley's "Stop Hiring Humans" billboards to a proposed billionaire tax, lines are being drawn.
David Wallace-Wells reports.
#USPol #DemocracySky
#USEcon #Inequality #NoKings #AISky
February 11, 2026 at 11:29 PM
1/14 🇺🇸 CLASS WAR IS THE FUTURE OF AMERICAN POLITICS 🇺🇸
A new era of extreme wealth politics is dawning.
From Silicon Valley's "Stop Hiring Humans" billboards to a proposed billionaire tax, lines are being drawn.
David Wallace-Wells reports.
#USPol #DemocracySky
#USEcon #Inequality #NoKings #AISky
A new era of extreme wealth politics is dawning.
From Silicon Valley's "Stop Hiring Humans" billboards to a proposed billionaire tax, lines are being drawn.
David Wallace-Wells reports.
#USPol #DemocracySky
#USEcon #Inequality #NoKings #AISky
"Economic weakness" forecast for #cdnecon by PBO (+IMF) is still growth.
Given last few posts on #usecon, hard to see how these estimates (largely conditioned by H1 2025 front-end loading production and inventory) aren't revised downward on Nov 28 (2025Q3).
BTW: big ↑ in $ deficit is small ↑% of GDP
Given last few posts on #usecon, hard to see how these estimates (largely conditioned by H1 2025 front-end loading production and inventory) aren't revised downward on Nov 28 (2025Q3).
BTW: big ↑ in $ deficit is small ↑% of GDP
A new PBO report projects the deficit will 'increase sharply' from $51.7-billion in 2024-25 to $68.5-billion in 2025-26, thanks to the combination of economic weakness, tax cuts, and planned spending.
www.hilltimes.com/story/2025/0...
www.hilltimes.com/story/2025/0...
Budget watchdog calls government’s fiscal track ‘alarming,’ ‘stupefying,’ ‘unsustainable’
A new report projects the deficit will 'increase sharply' from $51.7-billion in 2024-25 to $68.5-billion in 2025-26, thanks to the combination of economic weakness, tax cuts, and planned spending.
www.hilltimes.com
September 29, 2025 at 3:28 PM
TACO TACO man!
Glad he might postpone the tariffs — they’d wreak havoc on economies across the board.
Wonder if it’s tied to the shrinking U.S. economy numbers released today.
#TrumpTariffs #USEcon #JustSaying
Glad he might postpone the tariffs — they’d wreak havoc on economies across the board.
Wonder if it’s tied to the shrinking U.S. economy numbers released today.
#TrumpTariffs #USEcon #JustSaying
"Perhaps it could be extended, but that's a decision for the president to make," Trump press secretary Karoline Leavitt said of the tariff extension deadlines.
Trump trade deadline of July 9 'not critical': White House
"Perhaps it could be extended, but that's a decision for the president to make," Trump press secretary Karoline Leavitt said of the tariff extension deadlines.
cnb.cx
June 26, 2025 at 6:23 PM
TACO TACO man!
Glad he might postpone the tariffs — they’d wreak havoc on economies across the board.
Wonder if it’s tied to the shrinking U.S. economy numbers released today.
#TrumpTariffs #USEcon #JustSaying
Glad he might postpone the tariffs — they’d wreak havoc on economies across the board.
Wonder if it’s tied to the shrinking U.S. economy numbers released today.
#TrumpTariffs #USEcon #JustSaying
1 TD: “In the #United States, #wealth remains far more concentrated: the top 40% of income earners held about 85% of total wealth in Q2 2025, compared with 66% in Canada” 🧵
#cdnecon #inequality #usecon
#cdnecon #inequality #usecon
October 23, 2025 at 3:09 PM
1 TD: “In the #United States, #wealth remains far more concentrated: the top 40% of income earners held about 85% of total wealth in Q2 2025, compared with 66% in Canada” 🧵
#cdnecon #inequality #usecon
#cdnecon #inequality #usecon
1 CIBC: in the four years to 2024, America’s own data show that #Canadian entities have added an average of $60 bn per annum to the book value of their #foreigndirectinvestment holdings in the #US.
#cdnecon #usecon #FDI #Canada #capitalflows
#cdnecon #usecon #FDI #Canada #capitalflows
February 20, 2026 at 5:25 PM
1 CIBC: in the four years to 2024, America’s own data show that #Canadian entities have added an average of $60 bn per annum to the book value of their #foreigndirectinvestment holdings in the #US.
#cdnecon #usecon #FDI #Canada #capitalflows
#cdnecon #usecon #FDI #Canada #capitalflows
The University of Michigan index of consumer sentiment in the US reached another low point in December as households held expectations of higher inflation and rising unemployment in 2026. The index was 33% below its December 2024 level. #usecon
December 21, 2025 at 1:53 PM
The University of Michigan index of consumer sentiment in the US reached another low point in December as households held expectations of higher inflation and rising unemployment in 2026. The index was 33% below its December 2024 level. #usecon