Revisiting 2025 Employment

Revisiting 2025 Employment

The US Bureau of Labor Statistics published its final benchmark revisions covering employment during the 12‑month period between April 2024 and March 2025. The revisions showed that payrolls were revised lower by 898,000 jobs compared with the originally reported...
Markets Rotate: What’s Driving the Shift; Plus, the Dow Crosses a Milestone

January Barometer Flashes Green, a Sleepy Fed Gathering

The so-called January Barometer holds that the market’s performance in January—measured by the S&P 500 Index—tends to foreshadow how stocks will perform during the year. Since 1970, January finished higher 33 times and fell 23 times, excluding this month’s...
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...