by sslifer | Dec 5, 2023 | NumberNomics Notes, Purchasing Managers Index
December 5, 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 business activity index tpdr 1.0 point in November to 55.1 after having fallen 4.7...
by sslifer | Dec 5, 2023 | Employment, NumberNomics Notes
December 5, 2023 The Labor Department reported that job openings fell 617 thousand in October to 8,733 thousand after having fallen 147 thousand in September. The pace of economic activity has been slowing a bit, but the labor market keeps hanging in there fairly...
by sslifer | Dec 4, 2023 | NumberNomics Notes, Retail Sales
December 4, 2023 Unit car and truck sales fell 0.7% in November to 15.323 million after having declined 1.6% in October. Vehicle sales rose quickly after touching bottom in May of last year, The supply challenges that had curtailed car sales for more than two...
by sslifer | Dec 1, 2023 | Commentary for the Week, NumberNomics Notes
December 1, 2023 The housing sector has suffered the brunt of the slower pace of economic activity during the past year as higher mortgage rates and soaring home prices have taken a toll. But a major factor in the softness in the housing market has been the...
by sslifer | Dec 1, 2023 | Housing, NumberNomics Notes
December 1, 2023 Construction spending (the green bars above) rose 0.6% in October after climbing 0.2% in September and 2.1% in August This is the tenth consecutive increase in construction spending. In the past 12 months it has risen 10.7%. As indicated below,...
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