by sslifer | Sep 13, 2024 | Commentary for the Week, NumberNomics Notes
September 13, 2024 One of the mysteries of the current expansion has been the contrast between consumer confidence – which is terrible – and consumer spending – which is not. All of the various consumer confidence surveys are close to the low point reached in the...
by sslifer | Sep 12, 2024 | Inflation, NumberNomics Notes
September 12, 2024 The Producer Price Index for final demand includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices for final demand rose 0.2% in...
by sslifer | Sep 12, 2024 | Employment, NumberNomics Notes
September 12, 2024 Initial unemployment claims rose 2 thousand in the week ending September 7 to 230 thousand after declining 4 thousand in the previous week. This series has risen slightly in the past three months. The number of people receiving unemployment...
by sslifer | Sep 11, 2024 | Inflation, NumberNomics Notes
September 11, 2024 The CPI rose 0.2% in August after climbing 0.2% in July. The year-over-year increase is currently 2.6%. We now expect the CPI to increase 2.7% in 2024. Food prices rose 0.1% in August after gaining 0.2% in both July. In the past year food prices...
by sslifer | Sep 10, 2024 | Miscellaneous, NumberNomics Notes
September 10, 2024 . Small business optimism declined 2.5 points in August to 91.2 which completely erased the 2.2 point increase in July. The level is well below the 40-year average so-called breakeven point for this series which is 98.0. NFIB Chief Economist...
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