The Latest on Inflation The latest Consumer Price Index (CPI) report from the U.S. Bureau of Labor Statistics (BLS) provided investors with a modest sense of relief when it was released last Wednesday. According to the BLS, headline CPI rose 0.5% in May and is up 4.2%...
Hiring Ramps Up Well, that was a pleasant surprise. The US Bureau of Labor Statistics (BLS) reported that nonfarm payrolls rose by 172,000 in May, more than double the 80,000 economists had expected, according to a Wall Street Journal survey. On top of that, the most...
An AI Boost to Jobs “AI Is Erasing Entry-Level Jobs—and the Training That Comes with Them,” according to a January story from Forbes. That, at least, is the conventional wisdom. But does the conventional wisdom collide with reality? There may be some good news brewing...
A Profits Gusher S&P 500 corporate profits are surging in the first quarter, helping to push both the S&P 500 Index and the tech-heavy Nasdaq Composite to new highs this month. Let’s quickly run through the numbers. With 90% of S&P 500 companies having...
April Flowers: A Brighter Jobs Picture Following concerns early in the year, the job market appears to be re-awakening after April’s closely followed labor report. On Friday, the US Bureau of Labor Statistics (BLS) reported that nonfarm payroll rose by 115,000, more...
Dramatic Recovery The S&P 500 Index shed 9.1% from its late January all-time high to its March 30th low, just shy of an official 10% correction. The index of 500 large publicly traded companies lost a more modest 7.8% of its value when gauged from the start of the...
