by sslifer | Apr 18, 2025 | Commentary for the Week, NumberNomics Notes
April 18, 2025 One can justify almost any forecast of the economic environment between now and yearend from recession with a big increase in the unemployment rate and a dramatic pickup in the inflation rate, to moderate growth with a slight pickup in inflation and a...
by sslifer | Apr 17, 2025 | Housing, NumberNomics Notes
April 17, 2025 Housing starts plunged by 11.4% in March to 1,324 thousand after having risen 9.8% in February after falling 10.8% in January after jumping 16.9% in December. Clearly, starts have been exceptionally volatile in recent months, rising or falling by...
by sslifer | Apr 17, 2025 | Employment, NumberNomics Notes
April 17, 2025 Initial unemployment claims declined 9 thousand in the week ending April 12 to 215 thousand after rising 5 thousand in the previous week. There is no evidence that the labor market has been affected by layoffs thus far. However, we know that some...
by sslifer | Apr 16, 2025 | Housing, NumberNomics Notes
April 16, 2025 Homebuilder confidence rose 1 point in April to 40 after having declined 3 points in March. Builders are worried about the imposition of tariffs, still high mortgage rates, and the cost of materials. Keep in mind that the breakeven point for this...
by sslifer | Apr 16, 2025 | Industrial Production, NumberNomics Notes
April 16, 2025 Industrial production for March declined 0.3% after having jumped 0.8% in February. In the past year industrial production has risen 1.3%. Breaking industrial production down into its three basic categories — manufacturing, mining, and...
by sslifer | Apr 16, 2025 | NumberNomics Notes, Retail Sales
April 16, 2025 Retail sales rose 1.4% in March after climbing 0.2% in February after having fallen 1.0% in January. In the past year retail sales have risen 4.4% The wildfires in California that raged from January 7...
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