ECONOMICS

Extending the recent trend of unexpectedly weak labor market indicators, moments ago ADP reported that in May, the US added just 152K Private Payrolls, a 36K drop from the March (downward revised) number of 188K (originally 192K) to the lowest number since the 111K reported in January…

… and far below the median consensus of 175k.

Under the hood, unlike last month when practically everything was solid, there were multiple weak spots, with manufacturing and mining (more…)

By Mish Shedlock of Mishtalk

Interest rates are too high for many projects to start. Some started projects are in trouble. Let’s discuss the ramifications.

The Wall Street Journal reports Developers Sit on Empty Lots After Historic Apartment Boom

Housing Starts vs Completions Looks Ominous for the Economy

On May 16, 2024, I commented Housing Starts vs Completions Looks Ominous for the Economy

Starts Minus Completions

Whether it’s (more…)

Authored by Marit Hinnosaar via naked capitalism,

Marit Hinnosaar is an Assistant Professor University Of Nottingham, and Toomas Hinnosaar, University of Nottingham Economic Theory Centre. Originally published at VoxEU.

Social media influencers account for a growing share of marketing budgets worldwide. This column examines a problem within this rapidly expanding advertising market – influencer cartels, in which groups of influencers collude to increase advertising revenue by (more…)