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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Retail Spending Hits A Record in October but Breadth Narrows

– November 17, 2020

“Retail sales hit another record high in October, but recent developments regarding Covid-19 and reactionary government policies remain significant risks to economic recovery.” – Robert Hughes

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Election and Resurging Virus Drag Down Consumer Sentiment

– November 13, 2020

“Consumer sentiment fell in early November following the election and a resurgence in Covid-19 infections. Combined with renewed restrictions, the outlook remains highly uncertain.” – Robert Hughes

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Small-Business Survey Shows Mixed Expectations in October

– November 10, 2020

“Small-business confidence was unchanged in October, but details of the survey suggest a mixed outlook.” – Robert Hughes

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Private Payrolls Rose By 906,000, But Are Still Down 9 Million Since February

– November 6, 2020

“Private payrolls added 906,000 in October, but ongoing restrictions and a large number of unemployed suggest the recovery remains highly uncertain.” – Robert Hughes

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