Retail Sales

April 15, 2024 Retail sales rose 0.7% in March after climbing 0.9% in February and declining 0.9% in January.  It is true that the sales gains in February and March were robust and some economists are now suggesting that the next move by the Fed could be to raise...

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Producer Price Index

April 11 2024 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 roe 0.2% in...

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Initial Unemployment Claims

April 11, 2024 Initial unemployment claims fell 11 thousand in the week ending April 6 to 211,000 after increasing 10 thousand in the previous week.  Thus far, in the face of rising interest rates and the fear of a recession, employers are reluctant to lay off...

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Consumer Price Index

April 11 2924 The CPI rose 0.4% in both February and March after climbing 0.3% in January. The year-over-year increase is currently 3.5%.  We expect the CPI to increase 3.5% in 2024.  The March increase of 0.4% was higher than the 0.3% increase that had been...

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Small Business Optimism

April 10, 2024 . Small business optimism fell 0.9 point in March to 88.5 after declining 1.1 points in February.  That is the lowest level for this series since December 2012 which makes the current level even lower than the low point in the March/April 2020...

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Payroll Employment

April 5, 2024 Payroll employment jumped by 303 thousand in March after  having risen 270 thousand in February and 256 thousand in January.  In the past three months the average increase has been 276 thousand.  The March increase was larger than the 200 thousand...

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Private Employment

April 5, 2024 Private sector employment jumped by 233 thousand in March after  having risen 206 thousand in February and 196 thousand in January.  In the past three months the average increase has been 212 thousand.  The March increase was larger than the 180...

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