by sslifer | Jul 10, 2026 | Commentary for the Week, NumberNomics Notes
July 10, 2026 We have written about the war and oil prices, inflation and the Fed for weeks. Time to switch gears and take a look at the budget deficit for the next decade. Both the budget deficit and Treasury debt outstanding as a percent of GDP are already at record...
by sslifer | Jul 10, 2026 | Forecasts, NumberNomics Notes
July 10, 2026 The economy expanded at a 2.1% pace in the first quarter and we expect a 1.8% growth rate in the second quarter of this year and 2.2% GDP growth for the year as a whole. Given the GDP forecast above, in 2026 we expect the unemployment rate to be steady...
by sslifer | Jul 9, 2026 | Housing, NumberNomics Notes
July 9, 2026 . Existing home sales declined 2.4% in June to 4,090 thousand after having risen 3.7% in May. .Home sales have been floundering at about this same pace for the past two years. Lawrence Yun, NAR chief economist said that. “The back-and-forth in monthly...
by sslifer | Jul 9, 2026 | Employment, NumberNomics Notes
July 9, 2026 Initial unemployment claims fell 2 thousand to 215 thousand in the week ending July 4 after having risen 1 thousand in the previous week. The number of people receiving unemployment benefits rose 8 thousand in the week ending June 27 to 1,814 thousand...
by sslifer | Jul 7, 2026 | Miscellaneous, NumberNomics Notes
July 7, 2026 The trade deficit for May widened by $23.0 billion to $77.6 billion after having narrowed by $2.0 billion in April. The trade gap was much wider than had been expected as exports declined and imports rose sharply. It should significantly reduce second...
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