Real Time Economics: American Companies Feel China’s Slowdown


This post is by Jeffrey Sparshott from Real Time Economics


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China is the hot topic during U.S. earnings season, Congress is closing in on a deal to avert another shutdown, and U.S. Steel is expanding as tariffs boost metal prices. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments or suggestions by replying to this email.

THE CHINA SYNDROME

How bad is China’s slowdown? Fourth-quarter results from U.S. companies highlight the many and varied ways that China’s cooling economy affects American business, and, in turn, offer a glimpse of what’s happening inside China. The indications are that slowing growth there is broad, if still modest, Austen Hufford and Theo Francis report.

Case study: EnerSys, a Reading, Pa., maker of batteries that power forklifts, said Continue reading “Real Time Economics: American Companies Feel China’s Slowdown”

How the Job Market of 2018 Stacks Up Against Recent Years


This post is by Josh Zumbrun from Real Time Economics


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U.S. employers added jobs in December at the fastest pace since February and wages surged, suggesting the economy maintained strong momentum at the end of 2018 even as financial markets faltered. Here’s a detailed look at how 2018 compares with other recent years.

Over the full year, the economy added 2.64 million jobs, making it the third-best year for job growth since the recession a decade ago. It’s also the third-best year since the turn of the century. The best years for job creation in that period were 2014 and 2015.

The total number of jobs increased by 1.79%. While that’s slower than the peak years of 2014 and 2015, it’s a clear acceleration since 2017.

Wages rose 3.2%, both hourly and weekly. That’s not quite as strong as some of the year-over-year readings earlier this year, but it’s the best number to close the year Continue reading “How the Job Market of 2018 Stacks Up Against Recent Years”

Most Profitable Industry in Each U.S. State


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Source: How Much   This is kind of fun: based on data compiled by 2017 US Census Bureau data, what is the value of each industry’s products on a per state basis. We can quibble over some of these — jewelry is more profitable than finance in NYS?  Machinery over technology in California? But overall, it is…

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Debating Monthly (or Daily) Earnings


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Josh and I discuss a recent Bloomberg column of mine — Report Earnings Daily — debating what quarterly earnings report does to companies priorities, namely, Short-Termism. You can subscribe to all of our videos here.   Is There a Such Thing as Too Much Transparency?  

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Report Earnings Daily


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Reporting Profits Daily Would End Corporate Short-Termism Think there’s too much hoopla about quarterly earnings? Imagine if the circus moved to twice a year Bloomberg, August 20, 2018       Want to end corporate short-termism and all the heavy breathing that comes with quarterly earnings reporting? Then report results daily. The excessive focus on…

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Bloomberg: Daily Profit Reporting Would End Short-Termism


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Daily Profit Reporting Would End Short-Termism . Bloomberg, August 20, 2018     Want to Make Earnings Great Again?  Report them daily. My column at Bloomberg today looks at that issue. Ever since President Trump proposed that the SEC “consider allowing public companies to share information with investors less often,” i.e., 2X per year, I have been…

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Get Ready for Tariff-Based Inflation


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Inflation Is Coming Thanks to Trump’s Tariffs Levies on steel and aluminum have yet to filter through to prices. But they will. Bloomberg, July 26, 2018         Did the global economy dodge an economic bullet yesterday? The U.S. and the European Union agreed to step back from the brink of imposing mutually…

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