Jobs Report Boosts Labor Market Concerns
“Payrolls posted a weak gain in January, raising significant doubts about the strength of the economic recovery.” – Robert Hughes
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Initial Claims for Unemployment Benefits Fell, But Remain Very High
“Initial claims for unemployment benefits fell for a third straight week but government restrictions on consumers and businesses continue to threaten the recovery.” – Robert Hughes
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Light-Vehicle Sales Increased in January
“Light-vehicle sales rose again in January but remain at the lower end of the historical range.” – Robert Hughes
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Small Decline in Consumer Sentiment Masks Big Partisan Divide
“Consumer sentiment fell in January, leaving indexes below pre-pandemic levels but above prior lows. Virus mutations and partisan rancor remain risks to the outlook.” – Robert Hughes
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New Single-Family Home Sales Rose in December
“The single-family housing market remains a bright spot for the economy, supported by low interest rates and strong demand.” – Robert Hughes
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Real Gross Domestic Product Posted A Solid Gain in the Fourth Quarter, but Remains Below Trend
“Real gross domestic product continued to recover in the fourth quarter, posting a solid 4.0 percent gain, but remains below trend. The outlook is cautiously optimistic.” – Robert Hughes
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Initial Claims for Unemployment Benefits Hold Above 800,000 For Third Week
“Initial claims for unemployment benefits fell in the latest week but the four-week average rose again as government restrictions continue to threaten the recovery.” – Robert Hughes
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Core Capital-Goods Orders Hit A Record High in December
“Manufacturers’ new orders for durable goods rose in December, with core capital goods at a record high. The strong showing reflects the resilience of the private sector.” – Robert Hughes
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Consumers Grow More Optimistic About the Outlook in January
“Consumer attitudes improved slightly in January, led by improving short-term expectations. Covid and politics remain key drivers.” – Robert Hughes
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Existing-Home Sales Remained Robust in December
“Existing-home sales rose in December as housing continues to be a bright spot for the economy.” – Robert Hughes
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Single-Family Home Construction Hits Highest Level Since 2006
“Single-family housing continues to be a bright spot for the economy, supported by low mortgage rates and increased demand.” – Robert Hughes
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Labor Market Weakness Continues
“Initial claims for unemployment benefits fell in the latest week but the four-week average rose as renewed government restrictions continue to threaten the recovery.” – Robert Hughes
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