by sslifer | Feb 3, 2023 | Commentary for the Week, NumberNomics Notes
February 3, 2023 The economy may be softening, but you get little support for such an argument from the January employment report which was unambiguously strong. That raises several questions. Will growth slow enough to bring down the inflation rate? Will...
by sslifer | Feb 3, 2023 | Forecasts, NumberNomics Notes
February 3, 2023 GDP growth rose 3.2% in the third quarter and 2.9.% in the fourth quarter. We expect GDP growth to be 1.7% in 2023 even though the Fed continues to push rates higher because the economy continues to create jobs, wages keep rising, and real interest...
by sslifer | Feb 3, 2023 | NumberNomics Notes, Purchasing Managers Index
February 3, 2023 The Institute for Supply Management not only publishes an index of manufacturing activity each month. They publish two days later a survey of service sector firms. The service sector index jumped rose 6.9 points in January to 60.4 after declining...
by sslifer | Feb 3, 2023 | Employment, NumberNomics Notes
February 3, 2023 Payroll employment jumped by 517 thousand in January after having risen 260 thousand in December after having risen 290 thousand in November. In the past three months the average increase has been 356 thousand. At the beginning of this year we were...
by sslifer | Feb 3, 2023 | Employment, NumberNomics Notes
February 3, 2023 Private sector employment jumped by 443 thousand in January after having risen 269 thousand in December after having risen 228 thousand in November. In the past three months the average increase has been 313 thousand. At the beginning of this year...
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