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...
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...
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...
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...
Purchasing Managers Index — Nonmanufacturing
December 4, 2019 The Institute for Supply Management not only publishes an index of manufacturing activity each month, they publish two days later a survey of non-manufacturing firms -- which largely consists of services. The business activity index fell 5.4 points...
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...
2020 Economic Outlook Conference
Sold Out! 2020 Economic Outlook Conference In times of uncertainty whether you are running a business or planning your investments, knowledge can be your most valuable asset. Stephen Slifer, Owner and Chief Economist at...
Purchasing Managers Index
December 2, 2019 The Institute for Supply Management’s index of conditions in the manufacturing sector fell 0.2 point in November to 48.1 after having risen 0.5 point in October. Clearly, the escalating trade trade war between the U.S. and China is taking its toll...
Happy Thanksgiving
November 29, 2019 Hi everybody. No economic commentary today. We are taking the day off. and will resume next week. We hope everyone enjoyed their Thanksgiving holiday. Stephen Slifer NumberNomics Charleston, S.C.
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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