Employment

Payrolls Recovery Stumbles in November

– December 3, 2021

“Payrolls posted a disappointing gain in November. While the outlook is for continued recovery, difficulties hiring may restrain output growth, sustaining upward price pressures for a prolonged period.” ~ Robert Hughes

READ MORE

Unit Auto Sales Struggle as Shortages Continue

– December 2, 2021

“Light-vehicle sales fell again in November, remaining well below the pre-pandemic range. Component shortages continue to disrupt production causing record low inventories and surging prices.” ~ Robert Hughes

READ MORE

Weekly Initial Claims for Unemployment Benefits Rise Slightly but Remain Very Low

– December 2, 2021

“Weekly initial claims for unemployment benefits rose slightly from a multidecade low in the prior week. Regardless, claims remain low and the labor market remains very tight.” ~ Robert Hughes

READ MORE
manufacturing

Strong Demand Continues for the Manufacturing Sector

– December 1, 2021

“Demand for manufactured goods remained very strong in November. Labor difficulties, materials shortages, and logistical issues continue to restrain supply and pressure prices, but there may be early hints of progress on some issues.” ~ Robert Hughes

READ MORE

Consumer Confidence Edged Lower in November

– November 30, 2021

“Consumer attitudes fell back slightly as inflation fears continued to mount and new waves of Covid cases unsettled consumers. Continued expansion remains the likely course, but threats remain elevated.” ~ Robert Hughes

READ MORE

Corporate Profits Hit a Record High in the Third Quarter

– November 24, 2021

“Corporate profits hit a record high despite a tight labor market and rising input costs. Companies may be not only passing along higher costs to consumers, but also taking advantage of consumers’ willingness to pay higher prices and boosting profit margins.” ~ Robert Hughes

READ MORE

New Single-Family Home Sales Remain Brisk but Inventories Rise as Prices Continue to Surge

– November 24, 2021

“New-home sales rose in October, but inventory rose faster, boosting months’ supply. Rising prices, higher mortgage rates, and continued inventory build should lead to slower price increases.” ~ Robert Hughes

READ MORE

Core Capital-Goods Orders Rise in October, to Another New Record High

– November 24, 2021

“New orders for core capital goods rose again, hitting another record high. Continued strength for business investment is a positive sign for the economic outlook.” ~ Robert Hughes

READ MORE

Weekly Initial Claims for Unemployment Benefits Drop to the Lowest Level Since 1969

– November 24, 2021

“Weekly initial claims for unemployment benefits fell to a multidecade low, though seasonal adjustment difficulties may have played a role. Regardless, the labor market remains very tight.” ~ Robert Hughes

READ MORE

Existing Single-Family Home Sales Rose Again as Prices Continue to Rise

– November 22, 2021

“Existing-home sales rose in October, driven by the single-family segment, as prices continue to rise. Shifting housing preferences may continue to influence activity over coming months and quarters.” ~ Robert Hughes

READ MORE

Weekly Initial Claims for Unemployment Benefits Hold at a Low Level

– November 18, 2021

“Weekly initial claims for unemployment benefits continue to fall, but at a slower pace as they approach pre-pandemic levels. The tight labor market and strong demand will likely keep claims at low levels.” ~ Robert Hughes

READ MORE

Housing Permits Rise in October, Suggesting Support for Home Demand

– November 17, 2021

“Housing permits rose in October, offering some evidence that demand for housing may remain elevated. Rising home prices and potentially higher mortgage rates may be headwinds for demand while elevated commodity costs may pressure homebuilder profits.” ~ Robert Hughes

READ MORE