Initial Jobless Claims Continue To Signal No Labor Market Stress

Even 'Trust The Election' Pundits Are Suspicious Authored by J.B. Shurk via American Thinker, California’s rigged elections are difficult to defend... California Democrats have rigged another election, and outsider Spencer Pratt has been bumped from the Los Angeles mayoral race.  On Election Day, Pratt’s lead over third-place Nithya Raman was so large that she publicly cried over her loss.  After a week of mail-in-ballot shenanigans, Raman has surged to secure a coveted spot on the November ballot — a statistical improbability in any jurisdiction familiar with arithmetic and basic ethics. This “come from behind victory” has made it difficult for the usual election-fraud-deniers...

Futures, Global Stocks Soar To All Time HIgh, Oil Plunges On Endless "Iran Deal" Drumbeat US equity futures jumped and global stocks rose to record highs as crude oil fell after officials signaled - once again - that the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows. The dollar weakened while precious metals and crypto bounced from Friday's drop. While the US and Iran closed in on a deal, Trump said he won’t “rush” into an agreement. The deal is still a work in...

March Jobs Shocker: Payrolls Soar By 178K Most Since 2024, Blowing Away All Estimates; Unemployment Rate Drops We titled our nonfarm payroll preview post "a substantial bounce" and boy were we right: with consensus expecting a material rebound from February's negative print (which was revised as usual worse, from -92K to -133K), what the BLS reported instead was a huge beat to expectations of a 65K increase, with March jobs reportedly rising by 178K, the biggest increase since December 2024. The number was driven entirely by a surge in private workers...