by sslifer | Oct 22, 2021 | Commentary for the Week, NumberNomics Notes
October 22, 2021 The demand for workers is the strongest it has been in decades. But despite ample job opportunities workers have been slow to seek out employment. There are probably a variety of reasons ranging from generous unemployment benefits, fear of catching...
by sslifer | Oct 21, 2021 | Housing, NumberNomics Notes
October 21, 2021 Existing home sales jumped 7.0% in September to 6,290 thousand after having fallen 2.0% in August. Much of the drop in sales earlier in the year was caused by the the lack of supply which is currently at a near record low level of 2.4 months. ...
by sslifer | Oct 21, 2021 | Inflation, NumberNomics Notes
October 21, 2021 Gasoline prices rose $0.06 in the week ending October 18 to $3.32 per gallon. In South Carolina gasoline prices tend to about $0.25 below the national average or $3.07. The EIA expects gasoline prices nationally to average $2.97 per gallon this year...
by sslifer | Oct 19, 2021 | Forecasts, NumberNomics Notes
October 15, 2021 GDP grew 6.7% in the second quarter versus a 6.3% increase in the first quarter. However, demand remained robust in Q2 and businesses had to dig deep into inventories in an effort to keep pace with demand. As a result, we expect 6.0% GDP...
by sslifer | Oct 19, 2021 | Housing, NumberNomics Notes
October 19, 2021 Housing starts declined 1.6% in September to 1,555 thousand after having risen 1.2% in August Like every other economic indicator, starts rebounded sharply since the recession ended last April and have far surpassed the levels where they were in...
by sslifer | Oct 18, 2021 | Housing, NumberNomics Notes
October 18, 2021 Homebuilder confidence in October jumped 4 points to 80 after having climbed 1 point in September. The index fell from a 35-year old record high level of 90 set in November of last year to a low of 75 in August as COVID cases surged and supply...
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