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ADP Employment Report Signals Biggest Job Additions In 15 Months In April
ADP Employment Report Signals Biggest Job Additions In 15 Months In April
With non-farm payrolls looming, we get another glimpse at the labor market today from the ADP Employment Report which shows the US economy added 109k jobs in April (a slight disappointment relative to +120k exp). That is the tenth straight month of job additions and strongest monthly addition since January 2025...
Source: Bloomberg
Under the hood, Goods-producing jobs rose 15,000 while Service-providing jobs rose 94,000.
"Small and large employers are hiring, but we're seeing softness in the middle," said Dr. Nela Richardson Chief Economist,...
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Jan 18, 2023 / Patrick Barron
How Can We Restore Freedom and Sound Money in the US and the UK? Some Ideas
The purpose of this essay is not to convince the reader of the necessity for change. It is to present some commonsense policy changes to attempt to mitigate the economic harm that has been done to Western economies, especially to the United States and the United Kingdom, since the end of World War II. Please watch Godfrey Bloom and Alasdair Macleod’s recent interview with Sonia Poulton.
The video describes the current financial and reputational weaknesses of the West. For a more in-depth analysis of the financial threat to the West, please read any of Alasdair Macleod’s weekly essays from the past few months.
In the Poulton interview, Macleod ably describes the financial implications of the West’s deindustrialization policies and currency debasement. Bloom describes the reputational damage stemming from the West’s “sanctions” against Russia plus the consequences of deindustrialization due to the foolish pursuit of a Green New Deal.
May 18, 2026 / Dave DeCamp
US Launches More Airstrikes in Northeastern Nigeria
The US has claimed more airstrikes in Nigeria as the Trump administration continues to escalate US military involvement in the country. US Africa Command said in a press release that it conducted “additional kinetic strikes against ISIS in Northeastern Nigeria” on May 17, a day after the US and Nigeria carried out a joint commando […]
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May 22, 2026 / Tyler Durden
Chinese Refining Rates Unexpectedly Plunge To All-Time Lows As Economy Falls Off A Cliff
Chinese Refining Rates Unexpectedly Plunge To All-Time Lows As Economy Falls Off A Cliff
Two weeks ago, when discussing the market "mystery" of sliding physical crude oil prices, we said that the most likely culprit were Chinese refiners, whose refining margins had just collapsed to the most negative on record.
The reason for the margin collapse was China’s domestic fuel policy: it has long been Beijing's policy to soften price hikes to help shield consumers and avoid social unrest; which while beneficial to end, consumers is catastrophic to refiners and processors...
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