Consumer Credit Jumped in February
“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
“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
“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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Light-Vehicle Sales Jumped in March
“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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Broad Strength in the Labor Market in March
“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
“The Institute for Supply Management survey of manufacturers suggests broadening expansion for the sector in March.” – Robert Hughes
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Initial Claims Rise but the Outlook for Jobs is Improving
“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 Confidence Jumps as Outlook Continues to Improve
“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
“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
“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
“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
“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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