Initial Unemployment Claims

October 17, 2019 Initial unemployment claims rose 4 thousand in the week ending October 12 to 214 thousand.  The four-week average of claims rose 1 thousand to 215 thousand.  The 4-week average for the week of April 13 of 202 thousand was the lowest for the current...

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Consumer Sentiment

October 11, 2019 The preliminary estimate of consumer sentiment for October rose by 2.8 points to 96.0 after having risen 3.4 points in September.  While volatile on a month-to-month basis consumer sentiment remains at a lofty level.  The peak for the cycle was...

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Consumer Price Index

October 10, 2019 The CPI was unchanged in September after having risen 0.1% in August and 0.3% in July..  During the past year the CPI has risen 1.7%. Food prices rose 0.5% in September after having been unchanged in August.  Food prices have risen 2.2% in the past...

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S&P 500 Stock Prices

October 9, 2019 The stock market has been volatile throughout 2019.  Many economists worry about slower growth overseas particularly in China which is the world's second largest economy.  They also note considerable weakness in the U.S. manufacturing sector caused...

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Unemployment vs. Job Openings

October 9, 2019 The  Labor Department reported that job openings fell 1.7% in August to 7,051 thousand after falling 1.0% in July.  Job openings seem to be bouncing around from month to month at a very elevated level.  Indeed, there are far more job openings today...

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Gasoline Prices

October 9, 2019 Gasoline prices at the retail level  rose $0.01 in the week ending October 7 to $2.65 per gallon.  In South Carolina gasoline prices tend to about $0.25 below the national average or about $2.40. The Department of Energy expects national gasoline...

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Trade-Weighted Dollar

October 8, 2019 The trade-weighted value of the dollar, which represents the value of the dollar against the currencies of a broad group of U.S. trading partners has risen 4.0% from where it was at this time last year. When you try to figure out the impact of...

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