Forks, Knives, and Economic Clues

Forks, Knives, and Economic Clues

Let’s review one narrow economic indicator that provides a useful, though not standalone, measure of the overall economy’s health. The US Census categorizes it as ‘food services and drinking places.’ That can best be described as restaurants and bars. When the economy...
Soft December Hiring Underscores Tepid Year

Soft December Hiring Underscores Tepid Year

On Friday, the U.S. Bureau of Labor Statistics reported that nonfarm payrolls increased by 50,000 in December, underscoring a year of persistently sluggish job growth. The unemployment rate offered a glimmer of optimism, edging down to 4.4%. November’s 4.6% rate was...
A Stock Market Three-Peat

A Stock Market Three-Peat

The bull market that began in late 2022 continued through last year. The S&P 500 Index, which posted gains that topped 20% in both 2023 and 2024, recorded an advance of 16.39% last year. But the year wasn’t free of volatility. The bulls were thrown off track early...
An Uptick in the Unemployment Rate

An Uptick in the Unemployment Rate

The unemployment rate rose from 4.4% in September to 4.6% in November. The US Bureau of Labor Statistics did not conduct its household survey in October due to the government shutdown. The household survey includes the unemployment rate. The rise from the cyclical low...