Initial Claims for Unemployment Benefits Fall Slightly
“Initial claims for unemployment benefits fell slightly and remained below 800,000 for a third week, but risks to the recovery remain.” – Robert Hughes
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Light-Vehicle Sales Ticked Down in October
“Auto sales fell slightly in October but stayed at the lower end of the historical range.” – Robert Hughes
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ISM Services Index Eases Back in October but Still Suggests Expansion
“The services sector expanded again in October, but employment remains weak. Renewed lockdowns and restrictions remain a threat to future growth.” – Robert Hughes
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ISM Manufacturing Survey Posts Strong Results in October
“The ISM Manufacturing survey suggests the sector is recovering strongly from government lockdowns, though some recent strength may be related to stockpiling ahead of potential new lockdowns.” – Robert Hughes
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Consumer Sentiment Remains Subdued in October
“Consumer sentiment remains well below pre-pandemic levels with Covid-19 and extreme political partisanship the main reasons. The economic outlook remains highly uncertain.” – Robert Hughes
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U.S. Economy Posts Record Gain, But Areas of Weakness Persist
“The U.S. economy posted historic growth in the third quarter but remains below pre-pandemic levels. Uncertainty over policies and the upcoming election is keeping risks elevated.” – Robert Hughes
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Initial Claims and Continuing Claims for Unemployment Benefits Fall Again
“Initial claims for unemployment benefits remained below 800,000 for a second week but doubts about the recovery continue.” – Robert Hughes
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Durable-Goods Orders Rose Again in September
“Manufacturers’ new orders for durable goods rose in September, but growth is uneven across the various sectors and industries of the economy.” – Robert Hughes
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New-Home Sales Remain at a High Level
“The single-family housing market remains a bright spot for the economy, supported by low interest rates and rising demand as urbanites move to less dense living areas.” – Robert Hughes
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Revised Data Show Initial Claims Plateauing
“Initial claims for unemployment benefits are hovering around 800,000, sustaining doubts about the durability of the recovery.” – Robert Hughes
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Single-Family Housing Permits Extend Five-Month Surge
“Single-family housing continues to be one of the strongest areas of the economy, supported by low mortgage rates and rising demand as urbanites seek less dense housing.” – Robert Hughes
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Retail Spending Surges in September
“Retail sales posted a strong gain in September, but persistent uncertainty regarding Covid-19 and government policies remains a significant risk to future growth.” – Robert Hughes
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