GDP Growth in Europe and Asia – Stronger Than You Think
April 9, 2021 The news from Europe today is focused on continuing lockdowns in France, Germany, Italy, and Spain as a renewed wave of COVID inflections spreads across the continent. The prospects for Asia are being held in check by the so-called Asian Five...
Producer Price Index
April 9, 2021 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 1.0% in...
Gasoline Prices
April 8, 2021 Gasoline prices were essentially unchanged in the week ending April 5 at $2.86 per gallon. In South Carolina gasoline prices tend to about $0.25 below the national average or about $2.61`. The EIA expect gasoline prices nationally to average $2.66...
Unemployment vs. Job Openings
April 6, 2021 The Labor Department reported that job openings rose 3.8% in February to 7,367 thousand after rising 5.1% in January The record high level for job openings was 7,574 thousand back in November 2018. With as many job openings as their are, it is...
Purchasing Managers Index — Nonmanufacturing
April 5, 2021 The Institute for Supply Management not only publishes an index of manufacturing activity each month, they publish two days later a survey of service sector firms. The service sector business activity index surged by 13.9 points in March from 55.5 to...
The Growth Explosion Begins
April 2, 2021 The jobs gains in February and March reflect the steady re-opening of the country as the pandemic is brought under control. For this reason alone, economic growth in the first and second quarters of this year is going to explode as previously...
Car and Truck Sales
April 2 2021 Unit car and truck sales surged by 12.6% in March to a 17.747 million pace after having declined 5.% in February. Unfortunately, there is not a lot of real news here because the weather was so bad in February as a series of snow and ice storms spread...
Payroll Employment
April 2, 2021 Payroll employment rose 916 thousand in March after having risen 468 thousand in February ( previously 379 thousand) and 233 thousand in February (previously 166 thousand). The February increase was undoubtedly held in check by the extreme bad...
Private Employment
April 2, 2021 Private sector employment rose 780 thousand in March after having risen 558 thousand in February. The February increase was undoubtedly held in check by the extreme bad weather in that month, and the March gain was bolstered by a rebound from the bad...
Unemployment Rate
April 2 2021 The unemployment rate fell 0.2% in March to 6.0% after having declined 0.1% in February and 0.4% in January. After having jumped 10.3 percentage points in April from 4.4% to 14.7% the unemployment rat has been steadily declining. The labor force rose...
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