Party at the Economic Disco, Jobs Data

Disco?

Yeah, like ADP Jobs this week (dis-go up), Challenger job cuts (dis goes up, too) and now we have Emp-Sit. And “dis-goes” where? Press release, please:

“Both the number of unemployed persons, at 7.6 million, and the unemployment rate, at 4.8 percent, were little changed in January. (See table A-1. For information about annual population adjustments to the household survey estimates, see the notes at the end of this news release and tables B and C.)

Among the major worker groups, the unemployment rate for Asians (3.7 percent) increased in January. The jobless rates for adult men (4.4 percent), adult women (4.4 percent), teenagers (15.0 percent), Whites (4.3 percent), Blacks (7.7 percent), and Hispanics (5.9 percent) showed little or no change over the month. (See tables A-1, A-2, and A-3.)

In January, the number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.9 million and accounted for 24.4 percent of the unemployed. Over the year, the number of long-term unemployed has declined by 244,000. (See table A-12.)

After accounting for the annual adjustments to the population controls, the civilian labor force increased by 584,000 in January, and the labor force participation rate rose by 0.2 percentage point to 62.9 percent.

Total employment, as measured by the household survey, was up by 457,000 over the month, and the employment-population ratio edged up to 59.9 percent.

As always we love going over the CES Birth/Death Model. The Current Employment Situation Model is designed to allow the government to ‘estimate jobs’ into existence. Obviously, they can’t find every new app-builder who sets up shop for a few months, so they estimate like crazy.

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And how crazy is CRAZY? Notice the annual adjustments… 2.948 million jobs were corrected out.

There’s more in the report but what matters is how the stock market views things.

A few minutes after release, futures were up 100…which means rally on… Did I mention this is dis-go Friday?

The EmpSit is not the only report out today. Factory orders will be out later on. But this is the biggy.

Looking ahead to next week, Gallup Consumer Spending is due Monday. International trade data Tuesday, petroleum inventories mid-morning Wednesday, and import-export prices Friday. A fine week to take a vacation.

The week after is different. Not only will Janet Yellen of the Fed speak, but we get consumer prices and industrial production, so a little more to ponder.

For today, only light to moderate interest in things economic (domestically). We should be able to follow where dis-goes while snoozing.

ahem….Dear Berkeley Police Dept.

Hi Detectives.

Go look at the Youtube video here and freeze-frame the fellow who appears to be macing and instigating.  Spraying the blonde girl in the Trump hat.

Here, let me help.  This is what we call a freeze-frame and screen scrape…note guy on left:  Was it him or another guy?  What did he see?  

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Seems to be another shot of him later in the vid, too.

Find this guy yet? have a talk?  Ask?  Don’t you have facial recognition software?

Now, put down the donuts and get the picture out on the street and check airport footage, too.  Thank you.

No, We’re not saying he’s a criminal, it just sure looks that way in the video, doesn’t it?  What did he see?  Maybe that’s oxygen that was sprayed and no harm…but we do wonder, know what I mean?

I’d be contacting the YT poster, too, to see what else is on their cam…but then I’m not a Berkeley cop, am I?

Who [Else] Supports Insurrection?

Well, read how “Illegals Urged to Fight Back against Immigration officials”  and find out…”

Austin City Council member, huh?  Now I know why we don’t live in Austin.

Those Spoiled Brussels’s Sprouts

Theresa May is going to spank the slimy unelected government of Europe today since only five of the 28 member states are paying 2% of GDP for defense.

One of president Trump’s campaign pledges was to harden up on NATO so we’re not paying the whole ticket. And looks like May is the first part of that move.

In return, May smacks down an anti-Trump parliamentarian

Meanwhile, the EU continues to doublespeak the danger of the militant Islamist’s retaking of Europe, refusing to get serious about Mexico-model immigration there. And the price? Machete-wielding man shouting ‘Alluhu Akbar’ shot outside Paris museum.

Lemme see, “religion of peace” is it?

Who can fire the ‘tards who set EU invasion in motion?

Twilight Zone time: Nobody is even asking…that’s how effing stupid the world has become. Wring hands and woe-with-me…all whine, no action.

NY Times Trum-Bash du Jour

Betsy DeVos, Pick for Secretary of Education, Is Most Jeered…”

Yes sir, let’s turn running America into a high-school popularity contest, shall we?

A lot more even is the US News and Whirled (sic) Report story that edges up to the question we were kicking around Thursday. Namely, what it part of America goes (or already is) nuts?

Of course, not as direct as our rude approach (which doesn’t move us), but give ‘em creds for beginning to nibble at “Is being the Party of [Perpetual] Outrage” going to be a turn-off?

Seems to us the correct answer is Hell yeah!  That milepost went by long ago.

The NYT Ain’t All Left/Liberal/Bad Though

When they cover non-political items they have some really good stuff. Example? They have a keen article on the purpose of sleep – which seems to be to forget stuff and rebalance things. IF you can stay awake through the…..zzzz…..

(If they could muzzle the anti-Trump crap, and be less opinion and more reportorial, they’d be a great paper again… I can’t hold my breath forever, though.)

Entrepreneurial Note: New Idea to get Rich! I’m thinking about building a buzzer button so I can bleep-out the slanted stuff on television.

I see one more 30-year old expert I’m gonna throw up. These kids don’t know zhit. I forgot more about politics than these junior weanies who have never covered a legislature and went right to Washington… Think that buzzer would sell? I do…

Life Beyond Cobots

Peoplenomics, our primo content side, got into collaborative robots (cobots) as a half-step into robojacked human employment Wednesday.

Related but important follow up ion the Wall St. Journal this morning about “Contracted: The End of Employees…” is worth reading.

Clickmare on Terry Ave.

Yes, we expect some somber-looking folks around Amazon’s HQ on Terry Ave. North in Seattle with the revenue miss this week.

CNBC has a pretty good summary over here.

Amazon’s always been an interesting company. Back in my sailing days when Amazon was a pup, I asked one of the financial guys who had a boat out near mine (Shilshole) how they were going to recover from a bad miss back then.

The answer was instructive: We made the right moves, we just need to slow while the world catches up.

I think that’s what’s going on now. Amazon is still heading for a showdown with Malls and brick-based retailers and with their two-hour delivery platform, it’s a grand idea.

But the fellow back then was right – maybe they need to slow a bit and wait for the world to change in their direction a bit more before moving ahead.

And then there’s another thing: Amazon is very much a web services company. But what happens IF *(and this is only an IF) people start to spend more time in the non-virtual world?

I look at my son, as an example of a 30-something consumer. Been through games, virtual such as it is, and so forth. But now he’s into solitary back-country winter-in-the-mountains. Likes the solitude and the personal focus that comes with totally unplugging except for his satphone for emergencies.

What happens if more young people figure out they are pissing their lives away down the wifi to make Zuke Markerberg rich? What is the payoff from Social except for friends who “like you” but would never lend you a dime. Do you need friends like that? I sure don’t…

So maybe the Web could take a pause. If Trump is right about making America Great Again, maybe we are in a period of “overhang” where the web has gone where it will for a while. So now can we get back to building new bridges, roads, pipelines, and infrastructure? Can we get some of those self-driving cars up to speed as hybrids that would be 50-state legal?

Can we leave the promise (not the hype) of VR long enough to actually go have a drink at the hotel on the rim of the Grand Canyon instead of blowing up tanks in CoD?

Of course there is a place for people who want the ultimate reality version of Call of Duty… It’s called the US Army and the playing field is wherever the CiC says…

You sure there’s a point to VR? I’d argue it and I think my son’s coming around to asking about it, too…

So yeah, maybe Amazon will spend a little less energy of expanding and a bit more on optimizing…

The future will get here soon enough. And come to think of it, so will Monday.

Comments

Party at the Economic Disco, Jobs Data — 46 Comments

  1. Dear Jon maybe we all don’t approve 100% of Trump but at least Hillary didn’t get in. George cant you keep this clown out of the blog. He is kind of like the paid protesters, worthless.

  2. A single “vacation” of the Soetoro’s cost us taxpayers in the millions and they took dozens of them, so until the Trump clan exceeds those you can STFU.
    I don’t think you are a paid troll (unpaid, maybe?) but more likely you are one of the democrat/communist zombies that we see on the screen every day!

  3. LIBTARDS at it again, the obutthead family spent more money (taxpayer money) than ANY other president in history!! SO MR. get your facts correct before you spew your crap!!

  4. Add up what Manchelle “her” mother and daughters spent on multiple trips to Asia/Europe and of course Africa ….Obamas trips topped 10 million in 8 years(not to mention taking Air Force 1 to Palm Springs on their way out of Dodge)…….complaints from bitter cankle clingers like you…..nevah!!!…….

  5. About Amazon: I have made three separate online purchases over the past two months. Guess where I found the same items cheaper than Amazon and no shipping charges for not being “Prime” member. Give up? ………………Walmart!

  6. George –

    Not a frequent commentor here but Jon sounds very much like the paid troll that comments very frequently on Mish Shedlocks site.

    • Thanks; we think he’s a troublemaker troll, too, showed up stinkin and hasn’t stopped stinkin since he got here; really reeks of old fake news, hurt feelings, bottled up Bile Sheet, and only throws crap out to see if it sticks on anyone here. It hasn’t, but he’s a bit of a waste of space, so I guess we gotta put up with his AZZ until he decides to tag team up with another troll and irritate the site like fleas, or move off to better paying waters. I can’t seem to quite agree with myself over whether him showing up is a GREAT sign for George’s comment column or a WARNING that George is on someone RICH and ELITE’s radar, which mean all the rest of us are, too, via a hack attack. So, yeah, thanks, we wish Jon would disappear like comet Kahoooteck, but no luck yet.

      • Stroller,
        Jon and I have signed with the “WWE” (WeWillEducate), and look forward to U and Ure (over-the-hill’ and ‘poorly scripted’) attempted Beatdowns” of –Jon, me, and the millions soon to join with us–in “That Ring of Discernment in a Open Reality.”
        I can imagine it now, as Ure group arrogantly stumbles down towards the Ring, I can hear the Ring Announcer bellow–“And now ladies and gentlemen, Please give Ure attention to “Ure Heroes”–“Those that create judgment from a closed reality, Those that judge when They decide that consciousness begins with them alone,or their group, and that objects exist only in correlation with them or their group.”,where in, also They choose to perceive the ever-shifting horizon of their human perspective as the absolute horizon of reality itself.”

    • I stand on a different side of many of the issues Jon brings up. But a troll he is not. Merely speaking one’s position on the issues is not troll behavior. No sir, it’s called freedom of speech. A thing that many on the Left are going way out of their way to try to stifle. Don’t be like them.

      • HMMMM: I always thought an internet troll was someone who deliberately posted comments designed to aggravate and inflame others into a response. Perhaps a better term for this would simply be “agitator” – and that’s precisely what Jon is. Further, while the average reader may comment on periodically, trolls are those who post nearly every single day -regardless of the topic- just to annoy, and then sit back and chuckle at their own cleverness.

        Free speech is one thing but to use that cherished right to maliciously derail a debate is quite another. And Jon does this regularly.

      • freedom of speech is what this country was based on, unfortunately it did NOT include “FACT” to be part of the equation!!

    • I use the mute button, works as good, but when I really need a display or demonstration, fingers and voicebox still are free!

  7. Is this why Kissinger said (2012):”In ten years there will be no more be an Israel”?(http://www.inquisitr.com/349213/henry-kissinger-predicts-in-10-years-there-will-be-no-more-israel/)
    “The Third World War must be fomented by taking advantage of the differences caused by the ‘agentur’ of the ‘Illuminati’ between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other. Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion…(excerpt from (NOW denied existant)letter from Pike to Mazzini).

    The point being the current “war” between the provocateur West and the Muslim world is NOT an accident, no more than WWI or WWII were “accidents”

    • WHICH race has borne the most casualties since WW1? Answer that question, and you will see that it isn’t quite the way you type, there is still another war intended to destroy the last of that race, right now, in all developed nations, the war is right on, right now, in our faces, but people are still too politically correct to call it what it is. Kalergi plan.

  8. Is there any truth to Zuckerberg being a ROckerfeller grandchild, for if so, the truth and joke is business as usual, and on us…..

  9. Are you listening to CNN again. This is the established Washington swamp talking this. not Trump. this is why it will be so hard to drain the swamp

  10. Trumps not in office 2 weeks and the media is now talking about the chronic unemployed.we have a uptick from 9.2 percent to 9.4 percent. Where were the at the last 8 years.

  11. OK Jon – here is one of 2 quotes:

    “This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model for the first time in human history.”

    No mention of water quality, air quality, acidic oceans or other climate items – not even climate change. What we do have is this basic quote uttered twice in one statement.

    VERB = transform
    OBJECT = economic development model

    Certainly you understand the verb/object in the sentences. These statements have NOTHING TO DO with climate change, saving coral reefs, cleaning air or water problems up or mitigating anything related to the climate change or environmental agendas.

    She is telling us their agenda, and it is really the “most difficult” one ever: “…intentionally transform the economic development model for the first time in human history.”

  12. Off button when commercials start on radio So tell what the do we do about population. We need to figure out. My choice was not to have any Dont understand pro creation into this mess

    • AND OFF BUTTON on MSM print subscriptions which are all owned by the same ideologues promoting the current coup attempt. Quit feeding these a**holes. The only thing I was reading anyway were the comics and sudoku and I can get those elsewhere. Buh Bye Oregonian…

  13. I remember it was Berkeley’s mario savio who started the fsm (free speech movement) in the 60’s with f-word placards now that anarcho-communists have taken over the end of free speech is at hand it’s hammer n sickle time

    • ballot box , rigged…soap box,repealed by ‘lefties’, leaves only one remedy….bullet box….pray to God not…but reality will ‘speak’if no one else is allowed to…..imho

  14. You really think that Betsy Devos is qualified to lead the Department of education? You gotta be joking!!! She deserves to be rejected!!! In many states like the one I’m from, we absolutely DO NOT want our tax dollars going towards charter schools! She has no clue how to develop young minds or how to accommodate for children with disabilities. Our country will end up with a huge increase of ignorant christian zealots if she gets approved. This is not a popularity contest in her case, just a rejection of someone that is 1000% unfit to lead our nation’s education system.

    • The dirty little secret is that none of this will work until parents take, responsibility for their children’s lives and their lives. most inner city parents look at their children as a paycheck from the government and expect the government to educate them without any parent help.

    • Public education is a STATE and LOCAL matter as per Our Constitution Bill of Rights Amendment X…Federal education is NOT allowed, is what it means

      • Absolutely correct.
        There is NO constitutional authorization for ANY involvement by the Federal Government in education at all including colleges. I hope when she is approved she begins to dismantle the education Department and sends it all back to the several States where it belongs.

    • how about everyone pay for their own kids(and egregious teachers salary and bennies) themselves…

  15. Even to a dope such as myself it is more than obvious that the guy with the microphone was pushed out of the way by the person forcing the spray can towards the gal in the cap.

    Witch hunts were started this way, with false testimony and flippant accusations.

    • As I said, I am not saying he is the criminal, but he may have seen a lot more and did you see him in the later shots?

    • Yikes! The masks seem to be dropping lately. Could that be a mistake or — worse — a demonstration that the masks are no longer needed because victory is in view?

    • Oilman-
      Wasn’t the destruction of Capitalism always the goal of international communism?
      It is no surprise that the lefts’ tactics can all be seen on the CPUSA.org website.

    • Well, of course it is about the link between our oil-based “population bloom” and economics out-racing the planet’s ability to reproduce resources. Easy Oil will run out sometime when the population will be over 7 Billion people. How does that work out? Whether it is at 7.5 bilion, 9 Billion or 14 Billion, it will eventually happen.

      What’s your game-changing point in time when governments will announce “peak oil and it’s downhill from here”? Ever? Will it be an oops, we didn’t compute it right and now the price of oil doubles and economies collapse? It was stunning to see OPEC want to increase production and suck oil from the ground even faster – maybe they want to see the western world fail sooner than it would if oil were maintained at $100/bbl.

      Population should be told that seriously, the worldwide educational system and culture should commit to lowering child-count so as to be successful longer-term. Otherwise, the “go forth and multiply” aspects of culture just ends badly and suddenly.

    • Article in Dayton daily news this week. Dayton power and light has agreement in place with the Sierra Club and EPA. Going to shut down two coal fired plants in Athens Ohio by 2018. Going to make more electricity with windmills and solar. Now what happens when the sun goes down and the wind stops blowing. I quests we just shut off everything and take the big sleep.

    • Oilman 2
      I Have enjoyed your point of view on this site….
      There is a reason you and your family have decided to live away from the cities….once the UN Agenda 21 ‘bears fruit’ inside the cities….game over…..or do they just crush the ‘market’….quicker to eliminate civil order by economic chaos…since the elites think they are ‘above’ the fray….I think not….