Consumer Credit Jumped in February

– April 9, 2021

“Consumer credit jumped in February as vaccine distribution and easing government restrictions boost economic activity.” – Robert Hughes

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Initial Claims Rise Again but the Outlook for Jobs Remains Positive

– April 8, 2021

“Initial claims ticked up for the second consecutive week, but the outlook continues to improve as government restrictions on consumers and businesses are eased.” – Robert Hughes

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Job Openings Rates Hit Record Highs

– April 6, 2021

“The job openings rate hit a record in February, adding to the run of improved labor market data. Continued reductions of lockdown rules are boosting the economic outlook.” – Robert Hughes

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Auto Sales Stage Partial Rebound Following A Two-Month Plunge

Light-Vehicle Sales Jumped in March

– April 2, 2021

“Light-vehicle sales surged in March, moving to the top of the recent range. The gain was broadbased across most segments.” – Robert Hughes

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Employment

Broad Strength in the Labor Market in March

– April 2, 2021

“Payrolls posted a strong gain in March, showing that economic recovery will likely gain momentum as government restrictions on consumers and businesses are lifted.” – Robert Hughes

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Manufacturing Survey Suggests Strong Momentum

– April 1, 2021

“The Institute for Supply Management survey of manufacturers suggests broadening expansion for the sector in March.” – Robert Hughes

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coffeeworkers

Initial Claims Rise but the Outlook for Jobs is Improving

– April 1, 2021

“Initial claims ticked up from the prior week’s pandemic low, but the outlook continues to improve as government restrictions on consumers and businesses are eased.” – Robert Hughes

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consumer sentiment

Consumer Confidence Jumps as Outlook Continues to Improve

– March 30, 2021

“Consumer attitudes improved significantly in March, but consumer confidence remains at historically moderate levels, and concerns about consumer-price increases are rising.” – Robert Hughes

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Household Net Worth Hits A Record While Debt Service Remains Low

– March 29, 2021

“Despite restrictive government policies and recession, aggregate household net worth rose to a new record, but financial health varies widely across cohorts.” – Robert Hughes

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Vaccinations and Stimulus Boost Consumer Sentiment As Impatience Also Rises

– March 26, 2021

“Consumer sentiment rose in March, driven by vaccine distribution and stimulus benefits while impatience with lockdowns has also risen. Recent data suggest an improving outlook.” – Robert Hughes

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Initial Claims Fall to the Lowest Level of the Pandemic

– March 25, 2021

“Initial claims fell to the lowest level of the pandemic, reflecting the benefits of easing government restrictions and suggesting an improving economic outlook.” – Robert Hughes

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New Orders for Durable-Goods Pull Back Slightly in February

– March 24, 2021

“Manufacturers’ new orders for durable goods fell in February but the overall outlook continues to improve with the easing of government lockdowns.” – Robert Hughes

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