Economic data released today paint a favorable picture of the economy and support a positive outlook over the next few quarters. Retail sales rose 0.4 percent in April following a 0.1 percent increase in March and a 0.2 percent drop in February. Both F …
READ MORELow levels of initial claims, a high number of open positions, and rising numbers of workers quitting jobs for new ones all point to a tight labor market.
READ MOREThe monthly jobs report may be the single most important data release for judging the health of the labor market. Last month, the Bureau of Labor Statistics reported the U.S. economy added just 98,000 jobs in March, well below the recent trend of about 200,000 new jobs per month.
READ MORENew orders for durable goods, items intended to last three years or longer, rose 0.7 percent in March, the third monthly increase in a row. Durable-goods orders tend to be volatile from month to month, but the details in the report provide some optimis …
READ MORELast week, the National Association of Realtors reported a healthy gain in sales of existing single-family homes for March. Today, the Commerce Department reported that sales of new single-family homes also rose in March. Counterbalancing the upbeat ho …
READ MOREThe Commerce Department will release its first estimate of first quarter 2017 gross domestic product on Friday, April 28. Estimates of the growth rate for GDP vary widely leading up to the release of the report. The Federal Reserve Bank of New York pro …
READ MOREThe National Association of Home Builders released its April survey of home builders this morning. The survey is designed to take the pulse of the single-family housing market. The survey asks home builders to rate market conditions for three specific …
READ MOREThe AIER Business-Cycle Conditions Leaders index rose to 83 in March, the highest level in two and a half years (Chart 1). The Coinciders index rose to a perfect 100, the highest level since September 2015, while the Laggers index pulled back to 83 fro …
READ MORERetail sales fell for the second month in a row in March, pulled down by declines in motor vehicle and gasoline sales. Retail sales and sales of food services fell 0.2 percent in March following a 0.3 percent drop in February. Leading the decline was a …
READ MOREThe University of Michigan’s Survey of Consumers shows that Americans are feeling good about the economy. The Index of Consumer Sentiment rose to 98.0 in mid-April, up from 96.9 in March and 89.0 in April 2016. Those results translate into gains of 1.1 …
READ MOREFollowing last Friday’s jobs report, new labor market indicators show some mixed results but the net take-away is that the labor market has good momentum and the U.S. economy is likely to continue creating jobs at a healthy pace over the next few month …
READ MOREThe headline payroll number from the March jobs report shows a gain of just 98,000 jobs in the month. That number was well below the consensus estimate of 180,000. Adding to the disappointment were net downward revisions of 38,000 to prior month’s gain …
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