ISM Weighted Employment

Jonathan Tepper of Variant Perception writes this week:"All of our leading indicators have been pointing down since early spring. Now many unrevised short leading indicators are pointing towards weakness in employment, output and asset prices. The GDP weighted employment reading for ISM services and manufacturing is now clearly below 50. The last times this happened was before the 2001 recession and before the 2008 recession."

Unemployment

Last week, I talked about Interest Rates and Inflation in my kinda weekly cobbled together informational post.


This week, I'm going to do a two-parter on Unemployment.  (Charts from my post last week) So here's the first part.  Definition, numbers from the disastrous announcement from last week, and reflections from various sources.  The add on will be a broader look at unemployment and why it's an important metric.

Unemployment Charts

very solid posts here and here -- both with more charts that are really great (and sobering)