2024 Economic Outlook Conference
2024 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 NumberNomics will provide insight regarding what to...
Nonfarm Productivity
December 6, 2023 Non-farm productivity jumped 5.2% in the third quarter after climbing 3.6% in the second quarter after having declined 0.8% in the first quarter of this year. The second quarter increase consisted of a 6.1% increase in output combined with a 0.9%...
Unit Labor Costs
December 6, 2023 Unit labor costs might be a term that is not familiar to you. Unit labor costs represent the increase in compensation adjusted for the gains in productivity. You might think that if labor costs are rising that would put upward pressure on...
Hourly Compensation
December 6, 2023 The Bureau of Labor Statistics indicated that hourly compensation rose 3.9% in the third quarter after jumping 6.2% in the second quarter and 6.5% in the first quarter. In the past year compensation has risen 4.0-%. Growth in hourly compensation...
ADP Employment
December 6, 2023 As shown above the ADP survey shows a respectable 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...
Purchasing Managers Index — Nonmanufacturing
December 5, 2023 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 business activity index tpdr 1.0 point in November to 55.1 after having fallen...
Job Openings
December 5, 2023 The Labor Department reported that job openings fell 617 thousand in October to 8,733 thousand after having fallen 147 thousand in September. The pace of economic activity has been slowing a bit, but the labor market keeps hanging in there fairly...
Car and Truck Sales
December 4, 2023 Unit car and truck sales fell 0.7% in November to 15.323 million after having declined 1.6% in October. Vehicle sales rose quickly after touching bottom in May of last year, The supply challenges that had curtailed car sales for more than two...
The Housing Market is About to Turn Upwards
December 1, 2023 The housing sector has suffered the brunt of the slower pace of economic activity during the past year as higher mortgage rates and soaring home prices have taken a toll. But a major factor in the softness in the housing market has been the...
Construction Spending
December 1, 2023 Construction spending (the green bars above) rose 0.6% in October after climbing 0.2% in September and 2.1% in August This is the tenth consecutive increase in construction spending. In the past 12 months it has risen 10.7%. As indicated ...
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