by sslifer | Mar 14, 2024 | Inflation, NumberNomics Notes
March 14, 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 jumped 0.6% in...
by sslifer | Mar 14, 2024 | NumberNomics Notes, Retail Sales
March 14, 2024 Retail sales rose 0.6% in February after having declined 1.1% in January. In the past year retail sales have risen by 1.9%. Weather undoubtedly played a role in depressing January sales. Having said that, we would have expected a larger increase in...
by sslifer | Mar 12, 2024 | Inflation, NumberNomics Notes
March 12, 2924 The CPI rose 0.4% in February after climbing 0.3% in January. The year-over-year increase is currently 3.2%. We expect the CPI to increase 3.3% in 2024. While the markets are convinced that inflation will continue to improve rapidly, that is unlikely...
by sslifer | Mar 8, 2024 | Commentary for the Week, NumberNomics Notes
March 8, 2024 Every month employers have a choice. If demand remains solid they can either hire more workers, or work their existing employees longer hours. If in any given month economists know how many people are working and how many hours they worked, they can...
by sslifer | Mar 8, 2024 | Employment, NumberNomics Notes
March 8, 2024 Payroll employment jumped by 275 thousand in January after climbing 229 thousand in January and 290 thousand in December. In the past three months the average increase has been 265 thousand. The February increase was larger than the 195 thousand...
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