Managing Partner at Econintersect LLC
Contributor's Links: Global Economic Intersection

Steven Hansen, Publisher and Co-founder of Econintersect, is an international business and industrial consultant specializing in turning around troubled business units; consults to governments to optimize process flows; and provides economic indicator analysis based on unadjusted data and ... more

ALL CONTRIBUTIONS

November 2019 BLS Jobs Situation - Major Improvement This Month
The headline seasonally adjusted BLS job growth was well above expectations and included the impact of the end of the strike at General Motors.
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October 2019 Headline Manufacturing New Orders Improve
US Census says manufacturing new orders improved month-over-month. Our analysis shows the rolling averages declined, and the rolling average growth is in contraction year-over-year.
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October 2019 Headline Trade Declined
Trade data headlines show the trade balance improved because the decline in exports was smaller than the decline in imports.
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November 2019 Initial Unemployment Claims Moving Average Improves
Market expectations for weekly initial unemployment claims were 215 K to 226 K (consensus 218,000), and the Department of Labor reported 203,000 new claims.
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Rail Week Ending Saturday, November 30 - November Down 7.4% Year-Over-Year
Week 48 of 2019 shows same week total rail traffic (from same week one year ago) contracted according to the Association of American Railroads traffic data.
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October 2019 ADP Job Growth Is 67,000
ADP reported non-farm private jobs growth at 67,000 which was well below expectations.
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Comments

Latest Comments
January 2019 Beige Book: Reading Between The Lines - Rate Of Economic Expansion About The Same
10 months ago

it depends how long the shutdown lasts - we are now in uncharted territory. Up to now, the effect is minimal

October 2018 Conference Board Consumer Confidence Modestly Improves
1 year ago

spending growth is relatively strong: econintersect.com/.../release.php

Note that in the advance 3Q2018 GDP - personal consumption expenditures was higher than 2Q.

it is income growth that is weakening.

February 2018 Headline JOLTS Job Openings Unchanged
1 year ago

Yah, indicators are moving in several directions - this may turn out to be a soft year after all.

August 2017 Headline Business Sales Improved
2 years ago

correct and the rolling averages slowed

Joe Sixpack's Situation In 2Q2017: The Average Joe Is Better Off
2 years ago

Absolutely - the lower end is just surviving from hand-to-mouth and this group is growing

April 2017 ADP Job Growth Is 177,000 - Near Expectations
2 years ago

your comment in this context is spot on.

April 2017 ADP Job Growth Is 177,000 - Near Expectations
2 years ago

this is a complex issue - i have a post which will be published on Saturday that details my position. most economists believe we are near full employment due to a demographic shift of the population [i do not but the demographic shift needs to be considered when using participation rates].

November 2016 Consumer Credit Headlines Say Year-Over-Year Growth Rate Accelerated
2 years ago

Agreed - to me it indicates that consumer spending growth is limited because of credit (especially with interest rates modest increase)

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Work Experience

Managing Partner
Econintersect LLC
March 2010 - Present (9 years 11 months)
Economic analysis for business.
President
Nesnah Associates Enterprises Limited
January 1995 - June 2010 (15 years 8 months)
Construction Contracting consultant, financial holdings, and yacht charters.

Education

California Polytechnic State University-San Luis Obispo
B.S.
1967 / 1971
Industrial Technology
San Luis Obispo High School
1964 / 1967

Publications