Single-Family Housing Permits Extend Five-Month Surge

– October 20, 2020

“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 sales

Retail Spending Surges in September

– October 16, 2020

“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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Initial Claims Rise to a Seven-Week High

– October 15, 2020

“Initial claims for unemployment benefits hit a seven-week high, sustaining doubts about the durability of the recovery.” – Robert Hughes

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AIER’s Leading Indicators Index Surges in September as Recovery Broadens

– October 14, 2020

“AIER’s Leading Indicators index rose sharply in September, jumping to 67, suggesting the recovery has broadened substantially and may signal the end of the recession.” – Robert Hughes

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Unemployment Benefit Claimants Declining Slowly

– October 8, 2020

“Initial and continuing claims for unemployment benefits remain stubbornly high, suggesting a slow and uneven economic recovery.” – Robert Hughes

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Household Debt Service Drops to a Record Low

– October 7, 2020

“Debt service ratios fell to a record low but adjusting for massive government transfer payments paints a different picture.” – Robert Hughes

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ISM Surveys Were Upbeat in September

– October 5, 2020

“The September ISM surveys suggest continued expansion as the economy recovers from lockdowns, but mixed results from other data sources raise doubts.” – Robert Hughes

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Light-Vehicle Sales Return to Pre-pandemic Range in September

– October 5, 2020

“Auto sales continued to rebound in September from the policy-induced plunge during lockdowns, supported by low interest rates and increased demand as urbanites move to suburbs.” – Robert Hughes

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Private Payrolls Added 877,000, But Remain Well Below the Prior Peak

– October 2, 2020

“Private payrolls added 877,000 but the slowing of pace recovery in employment and huge numbers of unemployed suggest the recovery remains extremely uncertain.” – Robert Hughes

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Personal Income and Savings Fall as Government Supports Fade

– October 1, 2020

“Personal income fell in August as government payments declined. Ongoing restrictions on consumers and businesses continue to threaten the economic recovery.” – Robert Hughes

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Initial Claims and Continuing Claims for Unemployment Benefits Remain High

– October 1, 2020

“Initial claims for unemployment benefits remain stubbornly high, suggesting a slow and uneven economic recovery.” – Robert Hughes

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Consumer Confidence Sends Mixed Signals in September

– September 30, 2020

“Consumer attitudes improved in September, but views of current conditions and the future remain sharply divergent; combined with other developments, the economy remains at risk.” – Robert Hughes

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