Tag Archives: healthcare

Jobs Data Better than Headline Suggests

Payroll employment increased 214,000 in October with upward revisions for the previous months of 31,000. Moreover, we have seen upward revisions consistently, which means momentum is moving to the upside. Some of the largest gains occurred in low-wage food services and drinking establishments. Some of that increase in employment reflects a move by employers to [...]

Other Data Provide More Confusion than Clarity

Personal income increased at a 3.5% pace in the first quarter, marking a fairly sharp acceleration from the 2.2% of the fourth quarter. Gains were heavily concentrated in social benefits, however, which also include health care, such as expanded Medicaid benefits under the Affordable Care Act (ACA), and may be inaccurate and a distortion of [...]

Weak GDP to Affect How Fed Talks about Data

Real GDP grew a negligible 0.1% in the first quarter of 2014, after expanding 2.6% in the fourth quarter of 2013. Much of the weakness is attributed to extreme weather, although some decreases were larger than expected. It’s important to note that GDP for this initial estimate is compiled from the earliest data available for [...]

Affordable Care Act Distorts Income and Spending Data Again

Real (inflation-adjusted) disposable income rose 0.3% in February after being revised down to a 0.2% gain for January. A jump in Medicaid payments associated with the Affordable Care Act (ACA) continued to provide a lift for transfer payments during the month, while gains in wages and salaries were more moderate. Real consumer expenditures rose 0.2%,

ACA Boosts Income and Spending Data

Personal income rose 0.3%, while spending rose 0.4%, both much more than expected. Gains in wages and salaries and proprietors’ income bounced back after posting declines in December. Much of the larger-than-expected rise in incomes, however, may be traced to an increase of transfer payments by the government in cost-of-living adjustments and via health care. [...]