Retraction Subtraction

By Econ70 | 09/10/2012

The economy added just 96,000 jobs in August. Worse, the DOL lowered the June and July estimates by 41,000! While the unemployment rate fell to 8.1%, it did so only because 368,000 Americans left the labor force, reducing the participation rate to 63.5% from 63.7%, its lowest level since 9/81. Factory employment fell by 15,000,…

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UPS Earnings: Up but Down

By Econ70 | 05/03/2011

UPS released its earnings last week. Volume fell here but grew overseas. Pricing power in the US was good and revenue surged despite weak volume because big investments in technology resulted in worker hours falling 2%. UPS mgt also had concerns about oil. In short: great $$$$, mediocre US outlook, a better situation in Asia,…

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