Employment report

Private Payrolls Expected to Increase in December

– January 8, 2020

ADP estimates 202,000 new jobs were created in December. Overall, the labor market remains solid and the most likely path is for continued expansion.

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Durable goods orders

ISM Nonmanufacturing Index Rises in December But Details Are Mixed

– January 7, 2020

The ISM’s nonmanufacturing NMI rose in December, but details are mixed suggesting slow growth and a cautious outlook.

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ISM PMI

ISM Manufacturing Index Remains Below Neutral in December

– January 3, 2020

The ISM’s manufacturing PMI fell again in December, extending the weak results over the last several months. Tepid trade and soft global growth are keeping risks elevated.

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JOLTS

Labor Market Regains Momentum

– December 17, 2019

A high level of job openings and quits suggest the labor market remains tight and is one of the key supports for consumer sentiment.

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Industrial production

Industrial Production Jumped in October but the Trend Remains Weak

– December 17, 2019

Manufacturing output jumped in November but it’s too early to tell if growth will be sustained.

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housing-december-2019

Housing Starts and Permits Rose Again in November, But Upside Remains Limited

– December 17, 2019

Housing activity continues to rebound from a period of weakness, but further upside is likely limited.

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Retail sales

Holiday Spending Off to a Modest Start

– December 13, 2019

Preliminary estimates suggest retail sales were modest in November implying slow growth remains the most likely path.

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Initial Claims

Initial Claims Rose Sharply but the Labor Market Remains Tight

– December 12, 2019

Weekly initial claims jumped but the data tend to be quite volatile, especially around the holidays. Overall, the labor market remains tight.

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JOLTS

Small-Business Optimism Rose in November

– December 10, 2019

Small-business confidence rose in November despite concerns over labor shortages.

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Employment report

Labor Market Shows Resilience in November

– December 6, 2019

A strong November jobs report suggests support for consumer spending and continued economic expansion, though erratic policies could weigh on consumer and business confidence.

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ISM services sector

November Services-Sector Survey Perpetuates Doubts

– December 4, 2019

The nonmanufacturing sector expanded in November, but the mixed results and near-neutral level of the composite index perpetuates doubts about the strength of the economy.

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Nonresidential construction

Nonresidential Construction Weighed Down by Private Sector

– December 2, 2019

Nonresidential construction activity continues at a high level though the broader trend is essentially flat.

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