Follow BeltwayBlips on Twitter
Hugh Hewitt: "Some Forecasters See A Fast Economic Recovery"
Townhall.com Blog's TownHall Blog —
... , and many voices in the article echo what Brian Wesbury, chief economist of First Trust Portfolios has been saying on my program since November: It is a nasty recession, but this is the end of the standard business cycle and recovery will begin in 2009, perhaps even in the first half of 2009. The world, in short, isn't ending, and markets and home prices will recover. Key graphs: But the economy will no longer be contracting, and the recession that started in December 2007 will end at 18 or 21 months of age. The previous record holders, severe recessions in the mid-1970s ...
Hugh Hewitt: "Some Forecasters See A Fast Economic Recovery"
Hugh Hewitt's TownHall Blog —
... , and many voices in the article echo what Brian Wesbury, chief economist of First Trust Portfolios has been saying on my program since November: It is a nasty recession, but this is the end of the standard business cycle and recovery will begin in 2009, perhaps even in the first half of 2009. The world, in short, isn't ending, and markets and home prices will recover. Key graphs: But the economy will no longer be contracting, and the recession that started in December 2007 will end at 18 or 21 months of age. The previous record holders, severe recessions in the mid-1970s ...
Today's Job Numbers
The Corner on National Review Online —
... , of course. Brian Wesbury analyses for NRO : There is nothing good about losing 600,000 jobs in one month. However, employment is a lagging indicator and the economy will turn up before the employment data show it. So, yes the economy was weak last year and early this year, but that does not mean that the economy will not get better in the spring, which is my forecast. The economy will turn the corner in the next few months. The weather has been absolutely awful in much of the country in Dec and Jan. Record cold and snow. This has an impact. I am not saying that we ...
Today's Jobs Report
The Corner on National Review Online —
... but civilian employment is down 363,000 per month (a substantial improvement). Two other hopeful signs in April were a large increase in the labor-force participation rate (the share of adults either working or looking for work) and a decline in the number of workers working part-time for economic reasons (because they cannot get the full-time hours they want). Usually similar increases in labor-force participation happen near the end or recessions or the early stages of recoveries. Bob Stein is senior economist with First Trust Advisers. ...
Unemployment in the News
The Corner on National Review Online —
... ] "Continuing Unemployment Claims Rise to Record High 6.8 Million" Bob Stein of First Trust Advisors interprets: Shifts in continuing claims always lag shifts in initial claims, which appear to have already started a downward trend consistent with the recession ending in May. Continuing claims may not peak for at least another several months. ...
Hugh Hewitt: Apple To China
Hugh Hewitt's TownHall Blog —
... . Wesbury will be on in the second hour today's program to summarize the economic news of the week. Imagine how strong the economic recovery could become if President Obama stopped trying to smother it with Obamacare and actually kept taxes where they are to allow for job growth. The jobless recovery he is engineering is wholly avoidable.
Today's Jobs Report -- By: NRO Staff
The Corner on National Review Online —
... the staying power of the recovery. When the labor market eventually turns positive, it will do so with a vengeance. One interesting detail in today's report is that the Labor Department now believes total payroll losses between March 2008 and March 2009 will be revised from 4.8 million to 5.6 million, with greater losses across the private sector. In turn, this means corporate profits last year and early this year may eventually be revised upward. — Bob Stein is senior economist with First Trust Advisers. ...
Eye on the Economy -- By: NRO Staff
The Corner on National Review Online —
... had previously dropped to unsustainable lows. Now, with auto inventories relatively lean and sales likely to increase in the year ahead, auto production will continue to make gains. In other news this morning, new claims for unemployment insurance declined 1,000 last week to 530,000. The four-week moving average fell to a new recovery low of 526,000. Continuing claims for regular state benefits fell 148,000 to 5.80 million. — Bob Stein is senior economist with First Trust Advisers. ...
Implications of the 10.2 Percent -- By: NRO Staff
The Corner on National Review Online —
... has been extremely rapid of late, part of the ongoing process of technological change that rivals (and may surpass) the Industrial Revolution. In the short term, this process lets companies raise production even as they continue to cut jobs. Over time, though, higher output with lower labor costs means more profits, which will help stimulate rapid job growth once companies become more confident about the durability of the economic recovery. — Bob Stein is senior economist with First Trust Advisers. ...
