Initial Unemployment Claims

May 19, 2022 Initial unemployment claims for the week of May 14 rose 21 thousand to 218 thousand after having fallen 5 thousand in the previous week. The 4-week average for claims rose 21 thousand to 218 thousand.  The level has risen slightly in the past couple of...

Read More

Housing Starts

May 18, 2022 Housing starts  fell 0.2% in april to 1,724 thousand after declining 2.8% in March after climbing by 6.7% in February. Starts have far surpassed the levels where they were in February of 2020 -- prior to the recession.  Starts would be at an even...

Read More

Homebuilder Confidence

May 17, 2022 Homebuilder confidence fell 8 points in May to 69 after declining 2 points in April, 2 points in March and 0.1 point in January.  Despite the consecutive declines, the index remains at a fairly lofty level.  Keep in mind that any number over 50...

Read More

Industrial Production

May 17, 2022 Industrial production climbed 1.1% in April after rising 0.9% in March, 1.0% in February and 0.8% in January.  It is flying. Breaking industrial production down into its three basis categories -- manufacturing, mining, and utilities --the Fed reported...

Read More

Retail Sales

May 17, 2022 Retail sales rose 0.9% in April after having risen 1.4% in March and 1.7% in February.  In the past year retail sales have climbed by 16.1%.  .  Despite higher inflation and higher interest rates the consumer appears to be unfazed. Motor vehicle sales...

Read More

Producer Price Index

May 12, 2022 The Producer Price Index for final demand  includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices for final demand rose 0.5% in...

Read More

Gasoline Prices

May 11, 2022 Gasoline prices jumped $0.15 cents in the week ending May 9 to $4.33 after having fallen $0.09 in the previous week.  In South Carolina gasoline prices tend to about $0.25 below the national average or $4.08.  The EIA currently expects gasoline prices...

Read More

Archives

Sign up for E-Mail Updates