Home Constructions Stays Strong in November

– December 17, 2020

“Housing continues to be one of the bright spots of the economy, supported by low mortgage rates and increased demand.” – Robert Hughes

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Labor Market Warning Sign: Weekly Initial Claims for Unemployment Benefits Rise Again

– December 17, 2020

“Initial claims for unemployment benefits post the largest back-to-back increases since April, suggesting a weakening of the labor market amid renewed government restrictions.” – Robert Hughes

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Retail Spending Fell in November on Broad Weakness

– December 16, 2020

“Retail sales fell in November as recent developments regarding Covid-19 and reactionary government policies remain significant risks to economic recovery.” – Robert Hughes

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Industrial Production Rose Again in November

– December 15, 2020

“Manufacturing continued to recover in November, but reinstated government restrictions could threaten future growth.” – Robert Hughes

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Consumer Sentiment Posts Surprising Gain in Early December

– December 11, 2020

“Consumer sentiment surprised on the upside in early December, but renewed government restrictions may drag the economy down in coming months. The outlook remains highly tenuous.” – Robert Hughes

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Weekly Initial Claims for Unemployment Benefits Jump to an Eleven-Week High

– December 10, 2020

“Initial claims for unemployment benefits rose again, sustaining doubts about the durability of the recovery.” – Robert Hughes

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More Mixed Signals for Labor Market

– December 9, 2020

“Job openings and layoffs both rose in October, suggesting a mixed picture for the labor market. With new restrictions on the rise, the outlook remains highly uncertain.” – Robert Hughes

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AIER’s Leading and Roughly Coincident Indexes Were Favorable in November

– December 8, 2020

“The U.S. economy expanded in November but concerns about the future linger. The potential for renewed lockdown policies to restrain future growth remains significant.” – Robert Hughes

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Consumer Credit Rose in October

– December 8, 2020

“Slow consumer credit growth may be a positive for consumers, though weakness in the labor market and increasing restrictions on economic activity are threats to the outlook.” – Robert Hughes

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Slowing Payroll Gains Increase Concern About Recovery

– December 4, 2020

“Private payroll gains slowed sharply in November and renewed restrictions on consumers and businesses increase the probability of more weakness in coming months.” – Robert Hughes

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November ISM Services Index Still Suggests Expansion

– December 3, 2020

“The services sector expanded again in November, but renewed lockdowns and restrictions remain a threat to future growth.” – Robert Hughes

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Initial Claims for Unemployment Benefits Fall After Two Weekly Increases

– December 3, 2020

“Initial claims for unemployment benefits fell in the latest week but renewed restrictions on businesses and consumers may start to push claims up again in coming weeks and months.” – Robert Hughes

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