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A week ago today we got a look at the latest employment data from the Bureau of Labor Statistics (BLS).  Click here to see what we wrote regarding the strong report.  While parsing through the data, it became clear that the labor market is very tight.  But then another report issued by the BLS subsequently,

Durable goods orders were strong in June 2018 according to data from the Census Bureau.  This indicator measuring wares expected to last three years or longer rose 1.0 percent to end the first half of the year.  This monthly uptick was a welcome reversal from the prior two periods which encountered shrinking orders. 

America’s employment situation continues to be one of the most robust indicators Atlas watches.  Another 157,000 net new jobs were added to the economy in July 2018 according to the Bureau of Labor Statistics.  This increase came on the heels of strong releases in May and June; adding to their strength, both of these two months were upwardly revised as a combined 59,000 more job

The Tail of America’s Central Bank

America’s fiscal shortfall improved in June 2018 according to the Treasury Department.  America’s budget deficit improved to $74.9 billion from $146.8 billion in May.  Details within the report make the improvement look even better as there were substantial outlays that are not paid every month in this iteration. 

Fire and Ice