9/11 Remembered

As I sit here at my desk this morning, I remember that I was doing the same thing at 8:46 a.m. on September 11, 2001 — sitting in my Lehman Brothers office on the 10th floor of the American Express Tower of the World Financial Center checking the screens trying...

Consumer Price Index

September ll, 2020 . The CPI rose 0.4% in August after climbing 0.6% in both June and July, but having declined 0.1% in May, 0..8% in April, and 0.4% in March.  The CPI excluding the volatile food and energy prices rose 0.4% in August after gaining 0.6% in July and...

Producer Price Index

September 10, 2020 The Producer Price Index for final demand – intermediate 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...

Initial Unemployment Claims

September 10, 2020 .Initial unemployment claims for the week of September 5 was unchanged at 884 thousand after having decline 127 thousand and 93 thousand in the two previous weeks.    Claims have fallen steadily since reaching a peak of 6,867 thousand in the week...

Unemployment vs. Job Openings

September 9, 2020 The  Labor Department reported that job openings rose 10.3% in July to 6,619 thousand after climbing 11.7% in June and 7.5% in May, but  after having declined 16.9% in April and 14.2% in March.  As the economic expansion gathers momentum the number...