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POSTED ON August 5, 2022  - POSTED IN Exploring Finance

According to the BLS, the economy added 528k jobs in July, blasting past analyst estimates of 250k. The strong report comes on the heels of a Fed meeting last week that made a point to state they are hyper-focused on the job market as a sign of a weakening economy. The White House and Fed are now in lock step ignoring negative GDP growth and hanging their hat on the job market. For now, that message fits their narrative.

POSTED ON July 27, 2022  - POSTED IN Interviews

The economic data indicates that the US economy is already in a recession. The Biden administration wants you to think otherwise, and the White House has come up with an interesting way to deny the recession reality. Just change the definition of a recession.

Peter Schiff appeared on the Ingraham Angle with Lauren Ingraham to talk about this White House spin.

POSTED ON June 3, 2022  - POSTED IN Exploring Finance

The May jobs report was widely regarded as strong. The US economy added 390,000 jobs, according to the latest data. But a deeper dive into that data reveals that the labor market might not be as strong as the mainstream spin is leading you to believe. Even with all the new jobs, hiring slowed in five out of eight sectors.

POSTED ON March 5, 2022  - POSTED IN Exploring Finance

February was another very strong jobs month with the economy adding an estimated 678,000 jobs vs an expected 400,000.

The unemployment rate came in at 3.8%, down from 4%. Labor force participation also improved, rising from 62.2% to 62.3%. Both December and January numbers were revised upwards.

POSTED ON February 4, 2022  - POSTED IN Exploring Finance

January showed very strong growth with 467k new jobs reported by the BLS. This crushed expectations of 150k. Some analysts even projected a contraction given the reported loss by ADP on Wednesday.

However, the bigger story is the revisions of prior months. October to December saw upward revisions of nearly 900k jobs! The story is more complex though. The BLS has updated their models to “smooth” out the job numbers for seasonality. Most of these “new” gains were pulled from job reports last summer (more on this below).

POSTED ON December 5, 2021  - POSTED IN Key Gold Headlines

That was one weird jobs report.

The labor department released the November employment data on Friday. The numbers simply don’t make any sense. As one chief investment officer put it, “One of the weirdest reports I have ever seen.”

One thing seems pretty certain. The labor market has not recovered, no matter how the powers that be spin the numbers.

POSTED ON October 15, 2021  - POSTED IN Friday Gold Wrap

Last week’s jobs numbers came in weaker than expected. September’s CPI came in hotter than expected. That puts the Federal Reserve between a rock and a hard place. Does it tighten monetary policy to fight inflation? Or does it keep stimulating to boost the economy? In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the data and says it’s about time for the central bank to pick its poison.

POSTED ON September 3, 2021  - POSTED IN Exploring Finance

The Labor Department released its August jobs report on Friday. To say the numbers were disappointing would be an understatement.

According to the report, there was an increase of only 235k jobs, well below the estimated 720k. That’s a miss of nearly 500k jobs.

POSTED ON June 23, 2021  - POSTED IN Key Gold Headlines

Federal Reserve Chairman Jerome Powell testified before Congress on Tuesday and continued to peddle the “transitory” inflation narrative.

Keeping with the dovish tone set after last week’s FOMC meeting, Powell reiterated that the central bank is not going to rush to raise interest rates, and he said the Fed would not hike rates merely in response to inflation worries.

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