Month: August 2014

The overall tenor of the July employment report was consistent with the song that Yellen and Co. are singing.  Labor markets are generally improving at a moderate pace, yet despite relatively low unemployment, there is plenty of reason to believe… Continue Reading →

The employment cost index is bearing the blame for today’s market sell-off. Sam Ro at Business Insider reports: …traders agree that today’s sell-off is probably due to one stat: the 0.7% jump in the employment cost index (ECI) in the second… Continue Reading →