Private Employment

December 6, 2019 Payroll employment surged by 254 thousand in November.  At the same time employment for October was revised upwards by 32 thousand to 163 thousand, and the September increase was revised upwards by 16 thousand to 183 thousand.  The December...

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Payroll Employment

December 6, 2019 Payroll employment surged by 266 thousand in November.  At the same time employment for October was revised upwards by 28 thousand to 156 thousand, and the September increase was revised upwards by 13 thousand to 193 thousand.  The November...

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Trade Deficit

December 5, 2019 The trade deficit for November narrowed by $3.9 billion  to $47.2 billion.  The $887 billion trade deficit in goods for 2018 was a record high level. The rhetoric surrounding trade war between the U.S. and China suggests that the two sides may be...

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Initial Unemployment Claims

December 5, 2019 Initial unemployment claims fell 10 thousand in the week ending November 30 to 203 thousand.  The four-week average of claims declined 2 thousand to 218 thousand.  The 4-week average for the week of April 13 of 202 thousand was the lowest for the...

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ADP Employment

December 4, 2019 .As shown above the ADP survey shows an impressive correlation with the private sector portion of the payroll employment data to be released a couple of days later.  And well it should.  ADP, or Automatic Data Processing, Inc. is a provider of...

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Pending Home Sales

November 27, 2019 .Pending home sales fell 1.7% in October to 106.7 after having risen 1.4% in September   The upswing that began at the beginning of this year remains in place.  In the past year pending home sales have 4.4%. Lawrence Yun, NAR chief economist noted...

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