Reclaiming Common Sense

Reader Like the Week in Review Articles and Articles on Jobs and Unemployment - Go Figure

The Top Ten articles of November follow a similar pattern of prior months and years. The Week in review articles  for November 4, November 18, and November and November 11 were all in the top ten. History repeated itself when the article on the Federal Debt rocketed to the number one spot. Unemployment claims data is still important to the readers of this column with two article on the weekly claims hitting the top ten. Real Estate articles also found their way into the top ten.

(Nov. 24) Anybody who remembers the 1992 election remembers H. Ross Perot and his "It's the Debt" line. If we eliminate the deficits then we can take care of the total debt. Congress is discussing "only adding"  $1.5 Trillion to the Federal debt over the next 10 year (That would be comparable to what President Obama oversaw during just one year of his presidency - talk about "unpatriotic and Irresponsible." "Federal Budget: When Off-Budget isn't Off-Budget" details how We are running on-budge deficits and off-budget surpluses. It also details how corporate revenue is a small sliver of the whole revenue pie. Isn't it convenient that people in the House of Representatives have two year terms and Senators have six year terms and they cannot balance the budget over  a period of ten years. These are children who wring up heavy debt on their parents charge cards and expect the parents to pay the bills.

(Nov. 18) The week of November 18th was a good week for economic data, although you would not know this based on the coverage of the House of Representative's Tax Reform and Jobs Act, the sexual assault claims against Judge Roy Moore, the admission of inappropriate behavior of Minnesota Senator Al Franken, and other items that probably are not as important to you as information regarding retail sales, inflation, unemployment, and new construction sales.

(Nov. 21) The Existing Home sales data was outstanding - the best since 2007 and approaching pre-peak values seen during 2002 - remembering that peak units sold happened during 2005, pre-recession peak sales prices hit during 2006, and remembering that we have the lowest October inventory since 1999. "October Existing Home Sales Best Since 2006" goes into the details.

(Nov. 13) Monday's article focused on the housing data for October for new home construction, new home sales, and existing home sales. The article "October Real Estate Forecast: Silver Linings" detailed how new construction data should continue to climb, new home sales should stay ahead of last year's data, and how existing home sales are being held back by an inventory shortage.

(Nov. 30) Somehow, the column released on the final day of the month received a huge amount of attention from readers of this column. The article "Unemployment Claims: Apples and Pomegranates" dug into the data and found that the headline First-time Unemployment Claims data could have been reported at 190,000 claims - well below the benchmark "300,000 claims level."

(Nov. 25)The week in review explains that this week was a week to be thankful. We can be thankful for a job or a hobby, family and friends, spouses, fiances, children, and parents. We can also be thankful for food, shelter, clothing and a slow data week. We received solid existing home sales data and exceptionally strong unemployment claims data. The dearth of data also meant that this column could publish yet another article on the Budget and the Debt. Four years ago the sister site to this one published an article "Federal Debt: Mortgaging our Future - $117 Billion Monthly Payment" that compared the then $18 Trillion dollar debt to a mortgage of 180,000 on a $200,000 home (The "future, inevitable debt of $20 trillion.) The takeaway there was that we would have to run a surplus of $117 billion a month for 360 months to pay off the debt. We have to pay attention to the details and the data.

(Nov. 6) Multiple Job Workers have been "over-participating." The number of part-time jobs increased under President Obama. The number of full-time jobs did not return to October 2007 levels, permanently, by the end of President Obama's end of term during January of 2017. Some people chose to work multiple jobs while some people had to work multiple jobs. "Multiple Job Workers Down during October" details how we have the lowest October level of people working two part-time jobs since 2008 and the lowest October level of multiple job workers since 2013.

(Nov. 4) The first week of November  the topics were jobs and unemployment. We received the ADP jobs report on Wednesday. We received the national Employment Situation Report on Friday. We received phenomenally low unemployment claims data on Thursday. The employment situation report reflected a similar trend with the lowest October Unemployment level, non-seasonally adjusted, since October 2000, and a non-seasonally adjusted unemployment rate under 4.0%.  The future so bright that the press is wearing shades, with blinders. The week in review goes into detail.

(Nov. 11) Another Saturday, another week in review article. The week after the release of the Monthly Employment Situation Report, or Jobs Report, tends to be a slow week for economic data. This slack time allows for a more detailed examination of the Jobs Report Data. This column has a tradition of writing articles regarding how the current President is doing compared to his two term predecessors, as well as what is happening with people working multiple jobs. The 2012 Presidential Election brought the phrase "War on Women" into the lexicon. The recovery has been good for women and not so good for men. Some sectors are still recovering from the recession. Our workforce is aging. Oh, yeah, and the weekly unemployment claims data is still being produced and released.

(Nov. 1) The month of November started the same way as the month of December with a Top Ten Articles article. The  Top Ten Articles of October included week in review articles,  articles on the September Jobs Report data, unemployment claims, an retail sales data.

Week in review articles, articles on unemployment claims data, and jobs data are consistently in the top ten articles of the month. I will cover the economic data while the rest of the world obsesses over salacious scandals, silly Senators, and celebrity mishaps.

It's the economy.