by sslifer | Apr 25, 2024 | GDP, Inflation, NumberNomics Notes
April 25, 2024 There are many different deflators that are available. This one is for gross domestic purchases which measures prices paid by U.S. residents. It is the one measure of inflation that the Commerce Department talks about when it releases the GDP...
by sslifer | Apr 25, 2024 | Employment, NumberNomics Notes
April 25, 2024 Initial unemployment claims fell 5 thousand in the week ending April 20 to 207,000 after being unchanged in the previous week. The economy is strong enough and likely to remain so for the foreseeable future. No need to start laying off people. The...
by sslifer | Apr 24, 2024 | Industrial Production, NumberNomics Notes
April 24, 2034 Durable goods orders rose 2.6% in March after rising 0.7% in February, but plunging 6.9% in December. While very volatile on a monthly basis, they have risen a modest 1.3% in the past year. Much of the change in durables is frequently in the...
by sslifer | Apr 23, 2024 | Housing, NumberNomics Notes
April 23, 2024 New home sales jumped 8.8% in March to 693 thousand after having fallen 5.1% in February, New home sales reached a low point in the middle of last year, but have risen somewhat since then.. Existing home sales are being constrained by a lack of...
by sslifer | Apr 18, 2024 | Housing, NumberNomics Notes
April 18, 2024 . Existing home sales declined 4.3% in March to 4,190 thousand after having jumped 9.5% in February Sales had been falling for almost two years as the combination of sharply higher mortgage rates and higher home prices took their toll But with the...
by sslifer | Apr 16, 2024 | Housing, NumberNomics Notes
April 16, 2024 Housing starts plunged by 14.7% in March to 1,321 thousand after having risen 12.7% in February after having dropped by 12.2% in January. Clearly, starts have been very volatile in recent months as cold and snowy weather has affected the outcome in...
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