by sslifer | May 20, 2022 | Commentary for the Week, NumberNomics Notes
May 20, 2022 Traveling this week, so just an abbreviated note. Despite high inflation and higher interest rates the economy continues to chug along. That is both good news and bad news. The good news is that the economy seems to be performing well. The bad news is...
by sslifer | May 19, 2022 | Employment, NumberNomics Notes
May 19, 2022 Initial unemployment claims for the week of May 14 rose 21 thousand to 218 thousand after having fallen 5 thousand in the previous week. The 4-week average for claims rose 21 thousand to 218 thousand. The level has risen slightly in the past couple of...
by sslifer | May 18, 2022 | Housing, NumberNomics Notes
May 18, 2022 Housing starts fell 0.2% in april to 1,724 thousand after declining 2.8% in March after climbing by 6.7% in February. Starts have far surpassed the levels where they were in February of 2020 — prior to the recession. Starts would be at an even...
by sslifer | May 17, 2022 | Housing, NumberNomics Notes
May 17, 2022 Homebuilder confidence fell 8 points in May to 69 after declining 2 points in April, 2 points in March and 0.1 point in January. Despite the consecutive declines, the index remains at a fairly lofty level. Keep in mind that any number over 50 indicates...
by sslifer | May 17, 2022 | Industrial Production, NumberNomics Notes
May 17, 2022 Industrial production climbed 1.1% in April after rising 0.9% in March, 1.0% in February and 0.8% in January. It is flying. Breaking industrial production down into its three basis categories — manufacturing, mining, and utilities –the Fed...
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