Here’s where the jobs are for February 2023 — in one chart
The U.S. labor market surprised to the upside yet again in February, powered by continued strength in the service sectors of the economy. The leisure and hospitality sector added 105,000 jobs last month, according to the Labor Department, accounting for roughly a third of the total 311,000 jobs gain. The health care and social assistance […]
Payrolls rose 311,000, more than expected
Job creation decelerated in February but was still stronger than expected despite the Federal Reserve’s efforts to slow the economy and bring down inflation. Nonfarm payrolls rose by 311,000 for the month, the Labor Department reported Friday. That was above the 225,000 Dow Jones estimate and a sign that the employment market is still hot. […]
State Legislatures Have Reined in Public Health Bureaucracies
Oh my God, checks and balances. In “Economic Lessons From COVID-19,” Reason, June 2021, I ended my article with the following: Just as even paranoids can have real enemies, even optimists can have real grounds for hope. I think almost all of us were surprised at how quickly most governors and many mayors moved to […]
Market Talk – March 9, 2023
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 178.96 points or 0.63% to 28,623.15 Shanghai decreased 7.15 points or -0.22% to 3,276.09 Hang Seng decreased 125.51 points or -0.63% to 19,925.74 ASX 200 increased 3.30 points or 0.05% to 7,311.10 Kospi decreased 12.82 points or -0.53% to 2,419.09 […]
2:00PM Water Cooler 3/9/2023 | naked capitalism
By Lambert Strether of Corrente. Bird Song of the Day American Robin, West Babylon, Suffolk, New York, United States. “American Robin singing from the top of a building before dawn.” * * * Politics “So many of the social reactions that strike us as psychological are in fact a rational management of symbolic capital.” –Pierre […]
Economic Freedom Matters! More Than You Think!
Economic freedom matters to economic development. Indeed, a wide body of empirical literature points to limited government, secure property rights, free trade, low regulations, and sound monetary policies as being generally associated with faster economic growth and higher income levels. There are skeptics who argue that once “some” economic freedoms are secured, the beneficial effects […]
