by sslifer | Jun 11, 2021 | Commentary for the Week, NumberNomics Notes
June 11, 2021 The CPI rose sharply in May for the second consecutive month. Large increases are often attributable to the volatile food and energy categories. Not this time. It is the run-up in the so-called core rate that is troublesome. Much of the increase was...
by sslifer | Jun 11, 2021 | Consumer, NumberNomics Notes
June 11, 2021 . The preliminary estimate of consumer sentiment for June rose 3.5 points to 86.4 after having declined 5.4 points in May. Thus, consumer sentiment remains well below the pre-recession 101 level for February 2020.. Surveys of Consumers Chief Economist...
by sslifer | Jun 10, 2021 | Forecasts, NumberNomics Notes
June 10, 2021 . The latest round of $1,400 tax stimulus checks sharply boosted retail sales. The virus is rapidly getting under control and some epidemiologists expect herd immunity to be achieved by May. Given all of that, we expect 10.0% GDP growth in the second...
by sslifer | Jun 10, 2021 | Employment, NumberNomics Notes
June 10, 2021 Initial unemployment claims for the week of June 5 fell 9 thousand to 376 thousand after having declined 20 thousand in the previous week. In fact this is the sixth consecutive decline in claims and the eighth decline in the past 9 weeks. The June 5...
by sslifer | Jun 10, 2021 | Inflation, NumberNomics Notes
June 10, 2021 The CPI rose 0.6% in May after having jumped 0.8% in April and 0.6% in March. It rose1.3% in 2020, and the year-over-year increase currently is 4.9%. Food prices climbed 0.4% in both April and May. In the past year food prices have risen 2.1%....
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