Initial Unemployment Claims

October 10, 2024 Initial unemployment claims jumped 33 thousand in the week ending October 5  to 258 thousand after climbing 6 thousand in the previous week.   This series has risen slightly in the past three months.  The surprising increase in the most recent week...

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Consumer Price Index

October 10, 2024 The CPI rose 0.2% in September which is the third consecutive month with a 0.2% increase. The year-over-year increase is currently 2.4%.  We now expect the CPI to increase 2.6% in 2024. Food prices rose 0.4% in September after climbing 0.1% in...

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Small Business Optimism

October 8, 2024 . Small business optimism rose 0.3 point in September to 91.5 after declining 2.5 points in August.  The level is well below the 40-year average so-called breakeven point for this series which is 98.0. NFIB Chief Economist William Dunkelberg said,...

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Payroll Employment

October 4, 2024 Payroll employment jumped by 254 thousand in September after having risen 159 in August..  In the past three months the average increase has been 186 thousand.  The market had expected an increase in payroll employment for September of 150...

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Private Employment

October 4, 2024 Private sector employment jumped by 223 thousand in September after having risen 114 in August..  In the past three months the average increase has been 145 thousand.  The market had expected an increase in private sector employment for September of...

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Unemployment Rate

October 4, 2024 The unemployment rate fell 0.1% in September to 4.1% after having declined 0.1% August.  In September the labor force rose by 150 thousand..  Employment increased 430 thousand.  As a result, the number of unemployed workers fell  by 280 thousand and...

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Nonfarm Workweek

October 4, 2024 In any given month employers can boost output by either additional hiring workers or by lengthening the number of  hours that their employees work.  Payroll employment climbed by 254 thousand in September.   At the same time the nonfarm workweek...

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