Morning Reads for Friday, November 8, 2019

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xdog
xdog

Ginny, before reading your link I had no idea the Dow was doing so well. Curse you, big media!

Dave Bearse
Dave Bearse

It’s indeed good news Trump has been able to maintain the DJA trajectory inherited from the Obama administration. Trump said that trajectory that was tepid and based on corrupt statistics when Obama was in office, but is now embraced as terrific with impeccable statistics by the Trump cult. See (sorry it’s long) link at end for a DJA chart. What’s not gotten much attention is that productivity increases since the recession have been a little soft. The soft increase is a contributor to soft wage increases, since the rich always get their cut first. I understand the typical increase in… Read more »

xdog
xdog

Lately I’ve been looking at workers’ quits levels. I was very surprised to learn that more than 3 million workers quit their jobs every month. I’m starting to wonder how much of the jobs increase is just churn.

The leading sub-sectors for quits in September 2019 were accommodation and food services, professional and business services, retail trade, and health care and social assistance.

The south region has led the way in rate of workers quitting although lately the west and midwest have caught up to us.

Quits levels and rates by industry and region, seasonally adjusted: https://www.bls.gov/news.release/jolts.t04.htm

chefdavid
chefdavid

Only reason to quit is to go get a higher paying job. Trump has done more for the middle class.

xdog
xdog

Except that for most workers wages have been flat.

I mentioned churn earlier which would happen if many workers quit their jobs just to take another low paying job. The big numbers of quits in retail and food services indicates there’s something to that.

Dave Bearse
Dave Bearse

The employment numbers are net increase. Population increase is such that there needs to be on the order of 100,000 new jobs or more per month to maintain current rate of employment.

I couldn’t readily locate the source to share, but I read earlier this week that a (to me surprising) number of low income job changers take a cut in wages. Going from $10/hr to $9.50/hr may be worth it for better hours, closer to home, better working conditions, etc.

Dave Bearse
Dave Bearse

Why is the “Black Voices for Trump” event at the GWCC invitation only, when the venue could easily accommodate all of Trump’s few hundred Georgian African American supporters? At least the attendance won’t be adding to the traffic congestion surrounding the Trump motorcade.

Speaking of which, why is the GOP bothering with a separate congestion-causing motorcade for VP Mike Pence? Don’t they know that Amazon can deliver a potted plant anywhere in the metro area on 4 hours notice?

Ellynn
Ellynn

With the market doing so well, why are companies not investing or spending….

https://www.axios.com/businesses-spending-indicators-recession-533481fc-dba7-4b5c-add4-c11628c335bc.html