Today’s data release showed y-o-y growth in the Index of Industrial Production: this was at +2.7% in November when compared with the previous value of 11.3%. Some analysts have conjectured that this was driven by seasonal fluctuations including the placement of Diwali, holidays related to Diwali and the reduced number of working days in . . . → Read More: Ruling Out One Explanation of the Unhappy Industrial Production Data
I think Jim already has some comments on this, but note the latest from Brookings: Migration Declines Further: Stalling Brain Gains and Ambitions
In particular check out their Table 2.II. Looks to me that if you skip New Orleans and their particular circumstances (euphemism for flood, disaster or calamity, pick your semantics)… Pittsburgh has . . . → Read More: Daily Ranking: Drain to Gain
At 8:30 AM EST, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 405,000 new jobless claims last week, which would would be 4,000 less than the number released last week.
Also at 8:30 AM EST, the International Trade report for November will be released. The consensus . . . → Read More: Economic Events on January 13, 2011