Continuing Jobless Claims At 3-Month-Highs, Initial Claims Tumble Back To 2021 Levels

The Senate narrowly voted to reject legislation that would require President Donald Trump to end the war against Iran.  The Senate voted against the War Powers resolution 49-50 on Thursday, largely along party lines. Republican Senators Thom Tillis, Susan Collins, Rand Paul, and Lisa Murkowski all voted for the legislation with nearly all Democrats. The […]

ADP Reports August Saw Weakest Job Growth Since January, Wage Growth Dips Following a weak JOLTS report (and mixed manufacturing PMI employment reports), ADP was expected to report a modest 47k increase in American jobs in August. It disappointed with only 37K jobs added in August (while July's 44k addition was revised up modestly to 46k)... This is the weakest monthly addition since January. Goods Producers shed jobs at the fastest pace since October... Manufacturing, professional services, and information shed jobs. Education and health care, construction, and leisure and hospitality all showed solid hiring. Base Pay...

After threatening to annihilate Iran with bombs, President Trump and the US national-security establishment have decided to do so with their tried and true foreign policy tool of sanctions — or, in this case, they’re calling it for what it is — a blockade, which, as most everyone recognizes, is an act of war just […]