‘There Will Be Growth in the Spring’

Check out the accompanying pdf and chart collection. (1) Some good news among the labor market’s latest disappointing news. (2) Private payrolls and full-time jobs remain upbeat. (3) Earned Income Proxy continues to recover. (4) GDPNow sees real GDP tracking at 11.2% for Q4! (5) The economic wisdom and insights of Chauncey Gardiner. (6) Labor force still down 4 million from peak. (7) Jobless tally 5 million above start of year. (8) Payrolls down 10 million from peak. (9) Both goods and services employment continued to recover in November. (10) Remarkably resilient income and payroll tax receipts. (11) Counting the unemployed. (12) Jobless claims aren’t what they claim to be. (13) Movie review: “The Undoing” (+).