by sslifer | Jan 17, 2025 | Commentary for the Week, NumberNomics Notes
January 17, 2025 The early data for December showed that the economy continued to roll as 2024 came to an end. Employment rose 246 thousand while the unemployment rate edged down 0.1% to 4.1%. Retail sales rose 0.4% after having climbed sharply in each of the...
by sslifer | Jan 17, 2025 | Industrial Production, NumberNomics Notes
January 17, 2025 Industrial production jumped 0.9% in December after having risen 0.2% in November. The Fed reported that gains in the output of aircraft and parts contributed 0.2% to total IP growth in December following the resolution of the Boeing strike. In the...
by sslifer | Jan 17, 2025 | Housing, NumberNomics Notes
January 17, 2025 Housing starts jumped 15.8% in December to 1,499 thousand after having declined 3,7% in November. The increase consisted of a 3.3% increase in single-family homes and a whopping 58.9% increase in the very volatile multi-family category. With big...
by sslifer | Jan 16, 2025 | Housing, NumberNomics Notes
January 16, 2025 This series rose 1 point in January to 47 after having been unchanged in December and having risen 3 points in November. The recent gains seem to reflect hope that the Trump administration will cut a lot of the red tape that has been impeding the...
by sslifer | Jan 16, 2025 | NumberNomics Notes, Retail Sales
January 16, 2025 Retail sales rose 0.4% in December after climbing 0.8% in November, 0.6% in October, and 0.9% in September. In the past year retail sales have risen 3.7%. Motor vehicle sales climbed by 0.7% in December after having jumped 3.1% in November and 2.2%...
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