Slowing Payroll Gains Increase Concern About Recovery

– December 4, 2020

“Private payroll gains slowed sharply in November and renewed restrictions on consumers and businesses increase the probability of more weakness in coming months.” – Robert Hughes

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November ISM Services Index Still Suggests Expansion

– December 3, 2020

“The services sector expanded again in November, but renewed lockdowns and restrictions remain a threat to future growth.” – Robert Hughes

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Initial Claims for Unemployment Benefits Fall After Two Weekly Increases

– December 3, 2020

“Initial claims for unemployment benefits fell in the latest week but renewed restrictions on businesses and consumers may start to push claims up again in coming weeks and months.” – Robert Hughes

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ISM Manufacturing Survey Stayed Strong in November

– December 1, 2020

“The ISM Manufacturing survey suggests continuing recovery from government lockdowns, though reconfigured factories, shutdowns to sanitize, and labor difficulties are challenges.” – Robert Hughes

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New Single-Family Home Sales Remain Strong in October

– November 25, 2020

“The single-family housing market remains a bright spot for the economy, supported by low interest rates and strong demand.” – Robert Hughes

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Durable-Goods Orders Post Sixth Consecutive Gain

– November 25, 2020

“Manufacturers’ new orders for durable goods rose in October, with some categories at new record highs but renewed government restrictions are threatening the outlook.” – Robert Hughes

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Initial Claims for Unemployment Benefits Rose Slightly for A Second Week

– November 25, 2020

“Initial claims for unemployment benefits rose again in the latest week, pushing the four-week average to the first increase since July 25, a worrying sign for the economy” – Robert Hughes

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Consumers Grow Less Optimistic About the Short-Term Outlook in November

– November 24, 2020

“Consumer attitudes weakened in November, particularly for short-term expectations. Pessimism about jobs and the economy may restrain consumer spending and harm the economic recovery.” – Robert Hughes

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Existing-home sales

Existing-Home Sales Rise to the Highest Level in More Than A Decade

– November 19, 2020

“Existing-home sales rose again in October, making housing a bright spot for the economy, but the outlook remains highly uncertain.” – Robert Hughes

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Initial Claims for Unemployment Benefits Rose Slightly as New Restrictions Emerged

– November 19, 2020

“Initial claims for unemployment benefits rose slightly in the latest week, the first increase since October 10. Renewed government restrictions pose a threat to economic recovery.” – Robert Hughes

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Single-Family Home Constructions Stays Strong in October

– November 18, 2020

“Single-family housing continues to be one of the strongest areas of the economy, supported by low mortgage rates and increased demand.” – Robert Hughes

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Industrial Output Posted A Solid Gain in October

– November 17, 2020

“A manufacturing rebound continued in October, but reinstated government restrictions could delay the economic recovery.” – Robert Hughes

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