Joey Politano🏳️🌈
@josephpolitano.bsky.social
Writing a data-driven newsletter about economics @ apricitas.io
Nuance? In this Economy
Full Employment Stan, Brazilian Coffee Tariff Victim |
Nuance? In this Economy
Full Employment Stan, Brazilian Coffee Tariff Victim |
NEW: US CPI inflation fell to 2.4% year-on-year, increasing 0.2% month-on-month in data released this morning
Core CPI inflation fell to 2.5% year-on-year, increasing 0.3% month-on-month
Core CPI inflation fell to 2.5% year-on-year, increasing 0.3% month-on-month
February 13, 2026 at 1:35 PM
NEW: US CPI inflation fell to 2.4% year-on-year, increasing 0.2% month-on-month in data released this morning
Core CPI inflation fell to 2.5% year-on-year, increasing 0.3% month-on-month
Core CPI inflation fell to 2.5% year-on-year, increasing 0.3% month-on-month
Updated EU GDP flash estimates are in today—the EU grew 1.5% over last year, Eurozone 1.3%
Fastest: Ireland (6.7%), Cyprus (4.5%), Poland (3.6%), Bulgaria (2.9%), & Spain (2.6%)
Slowest: Romania (-1.6%), Finland (-.1%), Germany (.4%), Hungary (.5%), & Austria (.7%)
Fastest: Ireland (6.7%), Cyprus (4.5%), Poland (3.6%), Bulgaria (2.9%), & Spain (2.6%)
Slowest: Romania (-1.6%), Finland (-.1%), Germany (.4%), Hungary (.5%), & Austria (.7%)
February 13, 2026 at 1:22 PM
Updated EU GDP flash estimates are in today—the EU grew 1.5% over last year, Eurozone 1.3%
Fastest: Ireland (6.7%), Cyprus (4.5%), Poland (3.6%), Bulgaria (2.9%), & Spain (2.6%)
Slowest: Romania (-1.6%), Finland (-.1%), Germany (.4%), Hungary (.5%), & Austria (.7%)
Fastest: Ireland (6.7%), Cyprus (4.5%), Poland (3.6%), Bulgaria (2.9%), & Spain (2.6%)
Slowest: Romania (-1.6%), Finland (-.1%), Germany (.4%), Hungary (.5%), & Austria (.7%)
wow this will be great for the $5 in trade we do with North Macedonia
U.S., NORTH MACEDONIA AGREE TO TRADE FRAMEWORK: U.S. TO IMPOSE 15% TARIFF ON NORTH MACEDONIAN GOODS; NORTH MACEDONIA TO ELIMINATE ALL TARIIFFS ON U.S. GOODS — USTR
February 12, 2026 at 10:08 PM
wow this will be great for the $5 in trade we do with North Macedonia
real, "sir, this is a Wendy's" moment here
February 12, 2026 at 9:54 PM
real, "sir, this is a Wendy's" moment here
in the imagination of the court system the median british person would see a carton labeled "OATLY! Full Fat Oat Milk! No Dairy!" and go "me no understand? how cow make oat?"
www.theguardian.com/business/202...
www.theguardian.com/business/202...
Oatly banned from using word ‘milk’ to market plant-based products in UK
Swedish company claims ruling is anti-competitive and ‘solely benefits Big Dairy’
www.theguardian.com
February 11, 2026 at 8:56 PM
in the imagination of the court system the median british person would see a carton labeled "OATLY! Full Fat Oat Milk! No Dairy!" and go "me no understand? how cow make oat?"
www.theguardian.com/business/202...
www.theguardian.com/business/202...
US construction job growth is finally picking up a bit, with the sector adding 33k jobs in January, but total job gains over the last year remain extremely slow as residential construction has lost roughly 40k jobs
February 11, 2026 at 2:55 PM
US construction job growth is finally picking up a bit, with the sector adding 33k jobs in January, but total job gains over the last year remain extremely slow as residential construction has lost roughly 40k jobs
A broad measure of US underemployment—including the formally unemployed plus people who want a job but aren't in the labor force or who are working part-time but want a full-time job—is down from its November high of 11% but has still risen from 9.6% to 10.3% over the last year
February 11, 2026 at 2:44 PM
A broad measure of US underemployment—including the formally unemployed plus people who want a job but aren't in the labor force or who are working part-time but want a full-time job—is down from its November high of 11% but has still risen from 9.6% to 10.3% over the last year
The US has lost roughly 82k manufacturing jobs over the last year—though it posted its first monthly gain since November 2024 in January
Wood, electronics, and chemicals are the biggest losers, though almost no subsectors are doing well
Wood, electronics, and chemicals are the biggest losers, though almost no subsectors are doing well
February 11, 2026 at 2:39 PM
The US has lost roughly 82k manufacturing jobs over the last year—though it posted its first monthly gain since November 2024 in January
Wood, electronics, and chemicals are the biggest losers, though almost no subsectors are doing well
Wood, electronics, and chemicals are the biggest losers, though almost no subsectors are doing well
Unsurprisingly, Trump's immigration crackdown is still not delivering labor market improvements for the US-born
Over the last year, native-born unemployment is up from 4.3% to 4.7% while native-born employment has decreased
Over the last year, native-born unemployment is up from 4.3% to 4.7% while native-born employment has decreased
February 11, 2026 at 2:34 PM
Unsurprisingly, Trump's immigration crackdown is still not delivering labor market improvements for the US-born
Over the last year, native-born unemployment is up from 4.3% to 4.7% while native-born employment has decreased
Over the last year, native-born unemployment is up from 4.3% to 4.7% while native-born employment has decreased
The US continues losing blue-collar jobs—year-on-year job losses have hit 170k as manufacturing, transportation, & mining industries lose jobs at a rapid pace while growth in construction remains low
February 11, 2026 at 2:09 PM
The US continues losing blue-collar jobs—year-on-year job losses have hit 170k as manufacturing, transportation, & mining industries lose jobs at a rapid pace while growth in construction remains low
The US tech sector continues losing jobs—overall, employment decreased by 8k last month and is down 45k over the last year
That's not as bad as the worst of the 2024 tech-cession, but extremely bad compared to the 2022 boom or even pre-2020 norms
That's not as bad as the worst of the 2024 tech-cession, but extremely bad compared to the 2022 boom or even pre-2020 norms
February 11, 2026 at 1:59 PM
The US tech sector continues losing jobs—overall, employment decreased by 8k last month and is down 45k over the last year
That's not as bad as the worst of the 2024 tech-cession, but extremely bad compared to the 2022 boom or even pre-2020 norms
That's not as bad as the worst of the 2024 tech-cession, but extremely bad compared to the 2022 boom or even pre-2020 norms
Federal government employment is down 324k since the start of 2025 amidst DOGE cuts—that's more than 10% of the Federal workforce
The large drop in October was caused by many workers who had been on deferred resignation becoming officially unemployed
The large drop in October was caused by many workers who had been on deferred resignation becoming officially unemployed
February 11, 2026 at 1:49 PM
Federal government employment is down 324k since the start of 2025 amidst DOGE cuts—that's more than 10% of the Federal workforce
The large drop in October was caused by many workers who had been on deferred resignation becoming officially unemployed
The large drop in October was caused by many workers who had been on deferred resignation becoming officially unemployed
The regular annual benchmark revisions to jobs data released today cut roughly 1M from US payroll estimates, revealing a slower pace of job growth throughout 2024 and 2025
February 11, 2026 at 1:40 PM
The regular annual benchmark revisions to jobs data released today cut roughly 1M from US payroll estimates, revealing a slower pace of job growth throughout 2024 and 2025
NEW US JOBS DATA:
Non-farm Payrolls: +130k
Unemployment Rate: 4.3% (-0.1%)
Prime Age (25-54) Employment-Population Ratio: 80.9% (+0.2%)
Average Hourly Earnings: +0.4%
Annual Benchmark Revisions: -898k
Non-farm Payrolls: +130k
Unemployment Rate: 4.3% (-0.1%)
Prime Age (25-54) Employment-Population Ratio: 80.9% (+0.2%)
Average Hourly Earnings: +0.4%
Annual Benchmark Revisions: -898k
February 11, 2026 at 1:34 PM
NEW US JOBS DATA:
Non-farm Payrolls: +130k
Unemployment Rate: 4.3% (-0.1%)
Prime Age (25-54) Employment-Population Ratio: 80.9% (+0.2%)
Average Hourly Earnings: +0.4%
Annual Benchmark Revisions: -898k
Non-farm Payrolls: +130k
Unemployment Rate: 4.3% (-0.1%)
Prime Age (25-54) Employment-Population Ratio: 80.9% (+0.2%)
Average Hourly Earnings: +0.4%
Annual Benchmark Revisions: -898k
Reposted by Joey Politano🏳️🌈
NEW from me:
Data center construction is up 300% since 2022. Imports of Taiwanese electronics are up 670%. Total US computer & software investment has shot up to $1T/yr
American companies are making an unprecedentedly large gamble on the success of AI 🧵
www.apricitas.io/p/americas-1...
Data center construction is up 300% since 2022. Imports of Taiwanese electronics are up 670%. Total US computer & software investment has shot up to $1T/yr
American companies are making an unprecedentedly large gamble on the success of AI 🧵
www.apricitas.io/p/americas-1...
America's $1T AI Gamble
US AI-Related Investment Keeps Breaking Records, With Total Software, Computer, & Data Center Spending Now Exceeding $1T Per Year
www.apricitas.io
February 10, 2026 at 10:51 PM
NEW from me:
Data center construction is up 300% since 2022. Imports of Taiwanese electronics are up 670%. Total US computer & software investment has shot up to $1T/yr
American companies are making an unprecedentedly large gamble on the success of AI 🧵
www.apricitas.io/p/americas-1...
Data center construction is up 300% since 2022. Imports of Taiwanese electronics are up 670%. Total US computer & software investment has shot up to $1T/yr
American companies are making an unprecedentedly large gamble on the success of AI 🧵
www.apricitas.io/p/americas-1...
Oren Cass on Jon Stewart this shit was made in a lab to piss me off specifically
“We noticed some anger from doctors last week. That’s why we invited RFK Jr. to talk about vaccines”
February 11, 2026 at 1:54 AM
Oren Cass on Jon Stewart this shit was made in a lab to piss me off specifically
NEW from me:
Data center construction is up 300% since 2022. Imports of Taiwanese electronics are up 670%. Total US computer & software investment has shot up to $1T/yr
American companies are making an unprecedentedly large gamble on the success of AI 🧵
www.apricitas.io/p/americas-1...
Data center construction is up 300% since 2022. Imports of Taiwanese electronics are up 670%. Total US computer & software investment has shot up to $1T/yr
American companies are making an unprecedentedly large gamble on the success of AI 🧵
www.apricitas.io/p/americas-1...
America's $1T AI Gamble
US AI-Related Investment Keeps Breaking Records, With Total Software, Computer, & Data Center Spending Now Exceeding $1T Per Year
www.apricitas.io
February 10, 2026 at 10:51 PM
NEW from me:
Data center construction is up 300% since 2022. Imports of Taiwanese electronics are up 670%. Total US computer & software investment has shot up to $1T/yr
American companies are making an unprecedentedly large gamble on the success of AI 🧵
www.apricitas.io/p/americas-1...
Data center construction is up 300% since 2022. Imports of Taiwanese electronics are up 670%. Total US computer & software investment has shot up to $1T/yr
American companies are making an unprecedentedly large gamble on the success of AI 🧵
www.apricitas.io/p/americas-1...
"construction jobs are way up" [EXTREMELY LOUD INCORRECT BUZZER]
February 10, 2026 at 9:44 PM
"construction jobs are way up" [EXTREMELY LOUD INCORRECT BUZZER]
for context this is like if Trump started polling +10 on his handling of inflation next year. Carney just completely neutered what was once one of the Liberals’ weakest issues
"Which leader is better suited to handle immigration?"
🔴 Carney: 40%
🔵 Poilievre: 31%
⚫️ Neither: 13%
⚪️ Unsure: 16%
Read it for free here: open.substack.com/pub/canadian...
🔴 Carney: 40%
🔵 Poilievre: 31%
⚫️ Neither: 13%
⚪️ Unsure: 16%
Read it for free here: open.substack.com/pub/canadian...
Carney Leads on the Economy, Immigration, and Even Energy
A double-digit Liberal lead, high approvals for Carney, and comfortable Liberal leads on major issues offer little comfort for Conservatives
open.substack.com
February 10, 2026 at 6:14 PM
for context this is like if Trump started polling +10 on his handling of inflation next year. Carney just completely neutered what was once one of the Liberals’ weakest issues
book haul, “there was a used book popup near my apartment” edition
February 10, 2026 at 6:03 PM
book haul, “there was a used book popup near my apartment” edition
dread it. run from it. agglomeration effects come for your antiwoke AI company all the same
www.geekwire.com/2026/elon-mu...
www.geekwire.com/2026/elon-mu...
Elon Musk’s xAI lands in Bellevue, joining OpenAI in growing Eastside AI corridor
Elon Musk's xAI is setting up shop in downtown Bellevue, with job listings showing the office will go beyond infrastructure to serve as a hub for core AI model development.
www.geekwire.com
February 10, 2026 at 2:41 PM
dread it. run from it. agglomeration effects come for your antiwoke AI company all the same
www.geekwire.com/2026/elon-mu...
www.geekwire.com/2026/elon-mu...
core part of the ostensible economic justification for mass deportation was that Americans would rush in to take all the jobs immigrants left, but now unemployment rates for native born Americans are rising and the admin is sending people out to do damage control
February 10, 2026 at 2:28 PM
core part of the ostensible economic justification for mass deportation was that Americans would rush in to take all the jobs immigrants left, but now unemployment rates for native born Americans are rising and the admin is sending people out to do damage control
who told him about the Gordie Howe bridge. I don’t buy that he just found this out randomly. I smell the Moroun family in this tweet
Trump, in the middle of his latest unhinged Truth Social screed, claims that if Canada makes a trade deal with China, "the first thing China will do is terminate ALL Ice Hockey being played in Canada, and permanently eliminate The Stanley Cup."
February 9, 2026 at 11:23 PM
who told him about the Gordie Howe bridge. I don’t buy that he just found this out randomly. I smell the Moroun family in this tweet
sure why not 10,0000% if we're just making up numbers
TRUMP: U.S. CAN GROW AT 15% IF WARSH DOES THE JOB HE’S CAPABLE OF
February 9, 2026 at 10:02 PM
sure why not 10,0000% if we're just making up numbers
oh yeah we’re all feeling the benign
Fed's Miran: The world is coming around to the idea that tariffs are more benign than thought.
February 9, 2026 at 8:58 PM
oh yeah we’re all feeling the benign