For the second straight month, Empire Fed Manufacturing survey disappointed expectations in December, tumbling to its lowest since July.
Under the hood are glimpses of stagflation as new orders slide but prices paid rise...
and employment and workweek number stagnate (if not contract)...
While CNN doesn’t dedicate much time to covering the subject, we’ve repeatedly pointed out that, contrary to what conventional wisdom might lead one to believe, incarceration rates among white Americans have risen since 2000 while incarceration rates for minorities have fallen.
The US prison population is finally shrinking after swelling to more than 2 million people, placing the US among the countries with the largest prison populations. Nearly one in five inmates are incarcerated on nonviolent drug charges.
Investors are panic-buying Israeli generic drugmaker Teva Pharmaceutical after the new CEO announces restructuring plan that involves eliminating 25% of global workforce, suspending its dividend, and warns of "downward pressure on the top line."
As WSJ reports, Teva Pharmaceutical is cutting more than 25% of its workforce, suspending its dividend, and closing factories and research facilities world-wide as it works to cut costs and pay down debt.
There is a huge disparity in employment rates among over 65s across different countries...
You will find more statistics at Statista
As Statista's Niall McCarthy notes, a recent OECD report found that the highest rates of people working beyond 65 are in Asia with Indonesia particularly notable as having a 50.6 percent employment among those in the 65-69 age group. That figure is high elsewhere in Asia, standing at 45 percent in South Korea and 42.8 percent in Japan.
The NFIB Small Business Optimism survey hit this morning and it surged to near record highs...
With Small Businesses having never been so excited to hire people ever...
Construction, manufacturing and professional services registered notable increases in planned hiring. The figures indicate the recent solid pace of job growth will be sustained and help extend the economic expansion.
And, of course, President Trump was over the moon...