No.919-A: Latest Employment, Trade, Construction Spending, Freight Index and M3
Nonsense Employment and Unemployment Numbers from Unwinding Hurricane Impact:
Payroll Employment Jumped 261,000, Household Survey Employment Dropped 484,000 (-484,000);
Headline Unemployment Rate Fell to 4.1%, Because Labor Force Shrank by 765,000 (-765,000)
Meaningless Declines in October 2017 Unemployment Rates:
U.3 Fell to 4.07% versus 4.22%, U.6 Fell to 7.91% versus 8.29%, and the
ShadowStats-Alternate Fell to 21.6% versus 21.9%
Plunging Participation Rate and Employment-Population Ratio
Private Surveying of October Labor Conditions Signaled Continued Downturn
September Freight Index Showed Ongoing Economic Downturn and Non-Recovery
Trailing Four Quarters of Real Trade Deficit through Third-Quarter 2017: Worst in a Decade
Annual and Quarterly Declines in September 2017 Real Construction Spending
Continued in a Manner Last Seen During the 2006 Housing Collapse
New Fed Chairman Will Face the Same Banking-System and
Economic Challenges that Befuddled the Yellen/Bernanke Chairmanships
Annual Growth in October Money Supply M3 Jumped to 4.8% from 4.3% in September