Private Job Openings Increase to the Highest Level in a Year
“Job openings rose in January, adding to the recent run of improved labor market data. Continued reduction and eventual elimination of lockdown rules is boosting the economic outlook.” – Robert Hughes
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Initial Claims Fall While Continuing Claims Rise
“Initial claims fell in the latest week, but continuing claims rose and both remain range bound. However, vaccine distribution and easing restrictions suggest an improving outlook.” – Robert Hughes
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AIER Leading Indicators Index Moves Higher in February
“AIER’s Leading Indicators Index rose in February, hitting the highest level since 2018, suggesting broadening activity and continued economic expansion.” – Robert Hughes
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Energy Price Jump Leads Broad-based Increase in Everyday Prices
“AIER’s Everyday Price Index jumped 0.8 percent in February, led by increases in the volatile energy category.” – Robert Hughes
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“Foot traffic” Recession Continues to Weigh on Small Business Sentiment
“Small-business confidence remained weak in February, with direct-contact industries still suffering under government restrictions.” – Robert Hughes
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February Payrolls Jump but Details Are Less Robust
“Payrolls posted a big gain in February, but breadth was modest across the economy and many labor measures are still well below pre-pandemic levels.” – Robert Hughes
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Initial Claims Remain Range Bound
“Initial claims fell in the latest week, but overall remain range bound, suggesting the labor market remains soft.” – Robert Hughes
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Light-Vehicle Sales Decreased in February
“Light-vehicle sales fell in February, falling below the recent range. The decline was led by a sharp drop in domestic car sales.” – Robert Hughes
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More Positive News for the Manufacturing Sector
“The manufacturing-sector recovery continues, though output remains slightly below pre-pandemic levels.” – Robert Hughes
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Lower Income Households Pull Down Consumer Sentiment in February
“Consumer sentiment fell in February, driven by a weaker economic outlook, especially among lower-income consumers.” – Robert Hughes
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Government Transfer Payments Distort Personal Income in January
“Personal income jumped in January as government payments surged but excluding government distortions, incomes fell.” – Robert Hughes
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Core Capital-Goods Orders Hit Another Record High in January
“Manufacturers’ new orders for durable goods rose in January, with core capital goods hitting another record high. The strong showing is a positive sign for the overall outlook.” – Robert Hughes
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