Wolf Richter

Never Before Have I Seen So Much Fake Unemployment & Jobs Data by the Bureau of Labor Statistics. Labor Department Nails It

by Wolf Richter • Jul 2, 2020 • 207 Comments

Labor Department today: People on state & federal unemployment insurance jumped to 31.5 million, worst ever.
Bureau of Labor Statistics today: 4.8 million jobs created, unemployment dropped by 3.2 million.
BLS under-reported unemployment by 13.7 million, based on data from the Labor Department. What’s happening is infuriating. Read and cringe.

Despite New Gigafactory in China, Tesla’s Global Deliveries Drop 4.8% in Q2, Much Worse Than I Expected

by Wolf Richter • Jul 2, 2020 • 85 Comments

Hahahaha, that should have been the universal headline.

Massive Shifts Underway, Rental Market Reacts in Near-Real Time: Rents Plunge in San Francisco & Oil Patch, Drop in Expensive Cities. But Long List of Double-Digit Gainers

by Wolf Richter • Jul 1, 2020 • 106 Comments

Rents in San Francisco are still crazy-overpriced.

Double-WTF Chart of the Year Update: Tesla Becomes Most Valuable Automaker, Blows by Toyota

by Wolf Richter • Jul 1, 2020 • 171 Comments

To mark this moment in the history of insane stock prices where a tiny automaker with a global market share of 0.5% and a big loss in 2019 became the most valuable automaker in the world.

There Sure’s a Lot of Brain-Dead Misreporting About the Case-Shiller Home Price Index this Morning

by Wolf Richter • Jun 30, 2020 • 131 Comments

No, it’s not yet a reflection of home prices during the Pandemic. Be patient. Reporters or spaghetti-code algos should have read the methodology before misleading their readers.