Econ70

Y-o-Y CPI inflation is 2.1%, but as recently as 9/15 was 0%. Similarly, producer price inflation has risen from -8.4% in 9/15 to 2.6%, and import inflation has climbed slightly more. The Fed’s preferred inflation measure, core PCE, has increased…

Foreign-trained doctors make up 22% of all doctors in family medicine, 25.5% in pediatrics, 30.2% in psychiatry and 38.6% in internal Medicine. In critical-care, the number is 41%, in cardiology it is 43.6%, in nephrology (kidneys) it’s 47.2% and in…

The 227,000 new jobs created in January were excellent as was the rise in the unemployment rate to 4.8% from 4.7% due to the rise in the labor force participation rate from 62.7% to 62.9%. But, December wage growth was…

The Friday File: President Obama created 26 national monuments, setting aside 544 million acres of water and 6 million acres of land. This surpasses the records of 18 national monuments established by Teddy Roosevelt, 218 million total acres designated by…

In 2000, the labor force participation rate peaked at 67.3%. The men’s rate was 74.9%; the women’s rate was 60.3%. Today, the overall rate is 62.7%, for men it is 69% and for women it’s 56.7%. By 2047, the rate…

Last week the number of oil rigs operating in the US hit 566, up 15 from the prior week and an additional 29 from the week before that. The increase of 29 rigs was the largest increase in nearly four…

The Fed will leave interest rates unchanged at the meeting that ends tomorrow. And, I expect no rate rise in March. However, should the Fed raise rates then, it would imply that the Fed wants to raise rates more frequently…

Q4 GDP came in at 1.9% and CY2016 GDP growth was a weak 1.6%! While the details of each quarterly report change — this time household spending was up 2.5%, business investment rose a welcome 2.4%, while exports subtracted 1.7…