2023 Economic Outlook Conference
2023 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...
Debt Difficulties Have Arrived – But Nobody Cares
December 2, 2022 The world is focused on the combination of GDP growth, inflation, and expected Fed action, and certainly those topics are important. But there has been little discussion of the damage done by the government’s debt explosion in the past couple of...
Payroll Employment
December 2, 2022 Payroll employment rose by 263 thousand in November after having risen 284 thousand in October and 269 thousand in September. In the past three months the average increase has been 272 thousand. At the beginning of this year we were routinely...
Private Employment
December 2, 2022 Private sector employment rose by 221 thousand in November after having risen 248 thousand in October and 255 thousand in September. In the past three months the average increase has been 241 thousand. At the beginning of this year we were...
Unemployment Rate
December 2, 2022 The unemployment rate was unchanged in November at 3.7% after having risen 0.2% in October . In November the labor force fell by 186 thousand. Employment declined by 138 thousand. As a result, the number of unemployed workers fell by 48...
Nonfarm Workweek
December 2, 2022 * In any given month employers can boost output by either additional hiring workers or by lengthening the number of hours that their employees work. Payroll employment climbed by 263 thousand in November.. However, firms chose to work existing...
Average Hourly Earnings
December 2, 2022 Average hourly earnings rose 0.6% in November to $32.82 after having risen 0.5% in October and 0.4% in September. Despite higher inflation and higher interest rates firms across-the-board continue to scramble to find additional bodies. However,...
Average Duration of Unemployment
December 2, 2022 The average duration of unemployment rose 0.6 week in November to 21.4 weeks after having risen 0.6 hour in October. Its current level if roughly where it was prior to the recession in early 2020. After declining slowly for more than one year,...
Purchasing Managers Index
December 1, 2022 The Institute for Supply Management’s index of conditions in the manufacturing sector declined 1.0 point in November to 49.2 after falling 0.7 in October and 1.8 points in September. A level of 50.0 is the breakeven point for expansion in the...
Personal Income and Consumption Expenditures — Monthly
December 1, 2022 Personal consumption expenditures jumped 0.8% in October after having climbed by 0.6% in September and 0.7% in August. In the past year nominal consumer spending has risen by 7.9% While there are always monthly wiggles, the consumer is still...
Follow Me