by sslifer | Apr 11, 2024 | Inflation, NumberNomics Notes
April 11 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 roe 0.2% in March...
by sslifer | Apr 11, 2024 | Inflation, NumberNomics Notes
April 11 2924 The CPI rose 0.4% in both February and March after climbing 0.3% in January. The year-over-year increase is currently 3.5%. We expect the CPI to increase 3.5% in 2024. The March increase of 0.4% was higher than the 0.3% increase that had been...
by sslifer | Apr 10, 2024 | Miscellaneous, NumberNomics Notes
April 10, 2024 . Small business optimism fell 0.9 point in March to 88.5 after declining 1.1 points in February. That is the lowest level for this series since December 2012 which makes the current level even lower than the low point in the March/April 2020 recession...
by sslifer | Apr 5, 2024 | Commentary for the Week, NumberNomics Notes
April 5, 2024 The economy continues to be on a roll. The monthly employment gains are impressive. The workweek has rebounded. First quarter GDP growth keeps getting revised higher. We have raised our GDP estimates for both the first and second quarters from 2.2%...
by sslifer | Apr 5, 2024 | Employment, NumberNomics Notes
April 5, 2024 Payroll employment jumped by 303 thousand in March after having risen 270 thousand in February and 256 thousand in January. In the past three months the average increase has been 276 thousand. The March increase was larger than the 200 thousand...
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