Celebrating Good News

September 17, 2021 We continue to be struck by economists’ perpetual fear that a recession or substantially slower growth is just around the corner.  If a weak economic indicator is released they tell us that our fear of contracting COVID is preventing us from...

Consumer Sentiment

September 17, 2021 . The preliminary estimate of consumer sentiment for September rose 0.7 point to 71.0 after having plunged to 11.5 points in August.  Thus, sentiment remains below the lowest level for the pandemic which was 71.8 in April of last year.  But such a...

Initial Unemployment Claims

September 16, 2021 . Initial unemployment claims for the week of September 411 rose 20 thousand to 332 thousand  after declining 33 thousand  in the previous week.  After reaching a peak of 6,867 thousand at the end of March of last year initial claims had been...

Retail Sales

September 16, 2021 Retail sales rose 0.7% in August after having fallen 1.8% in July after having risen 0.9% in June  The 0.7% increase in August was in sharp contrast to the 0.7% decline that had been expected.  The increase would have been even larger except for a...

Industrial Production

September 15, 2021 Industrial production rose 0.4% in August after climbing 0.8% in July  Production has risen steadily since reaching a low point in April of last year.  The nation’s production sector continues to recover.  However, as shown below, production...