4 April 2016



Today’s Issue Cluster: US Labor

Fed – A Single Indicator Explains Reaction Function
Space – Private Spending Is Headed for a New Record
Trade – Presidential campaign roils Obama’s free-trade plans


MAJOR DATA POINTS

EZ – Feb: Jobless rate falls marginally; 10.3% from 10.4% / AFP / WSJ

US – Feb: Factory Orders Down; -1.7% from +1.6% / CNBC


MARKETS

US – Investors Turn More Negative on Dollar WSJ *


ECONOMICS



POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – Jobs Report Gives Yellen Only Half of What She Wants B * *

Fed – Upbeat employment figures allow a wait-and-see approach WSJ *

Fed – Higher Participation Takes Heat Off WSJ *

Fed – A Single Indicator Explains Reaction Function B *


FINANCE

US – Why Banks Are Better Off Than You Think, And Real Estate Isn’t WSJ *


REAL ESTATE

US – Another Condo Bust Looms in Miami WSJ

US – How Tech Figures Into Fast-Changing REIT Markets IBD

US – Impact on home furnishers from rising competition B *


LABOR & EDUCATION

US – Maintains solid jobs growth FT *

US – Fewer Got Hired or Quit Their Jobs WSJ * *

US – Change in Participation Rate Since 2000 By Race & Age / b *

US – Growing labor force belies grim mood FT *

US – ‘Wages Are Imperfect Window Into Health of Labor Market’ B *

US – Payrolls Climbed in 36 States B *

US – Contract Workforce Outpaces Growth in ‘Gig’ Jobs WSJ *

US – The Entire Online Gig Economy Might Be Mostly Uber wsj * *

US – NY Path to $15 Minimum Wage: Uneven, and Bumpy NYT / R / WSJ *

US – CA $15 Minimum Wage Has Some Worried NYT / AP / wapo *

US – Illegals Are More Likely to Work Than Natives, For Less WSJ *

US – ‘Manufacturing Jobs Are Never Coming Back’ 538 *

US – Carrier Workers See Costs, Not Benefits, of Global Trade NYT *

US – The Coming Extinction of the Video Store Clerk wsj * * *


SERVICES

Space – Bezos’s Blue Origin Is a Step Closer WSJ

Space – Private Spending Is Headed for a New Record B *


MANUFACTURING

Autos – US: Sales Pace Drops to Slowest in 13 Months B / WSJ * *

Autos – Tesla: Reservations for Model 3 Surpass $10b WSJ / FT / R / B *


TECH

Tech – ‘There are going to be lots of dead unicorns’ FT

Tech – Goldman: There’s a Huge Difference Between the Bubble and Today B *


TRADE & TRANSPORTATION

Trade – Forces of Globalization Are Sputtering WSJ *

Trade – Presidential campaign roils Obama’s free-trade plans AP

Trade – Business Lobby: Election-Season Opposition Will Blow Over WSJ

Trade – At what price? E * *


COMMODITIES



ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

Most famous cartoon characters by US state motw *


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