by sslifer | Feb 25, 2021 | Industrial Production, NumberNomics Notes
February 25, 2021 Durable goods orders jumped 3.4% in January after having risen 1.2% in December and 1.3% in November. Orders have risen for nine consecutive months. The manufacturing sector is bouncing back and orders are now higher than they were prior to the...
by sslifer | Feb 25, 2021 | GDP, NumberNomics Notes
February 25, 2021 The revised estimate of fourth quarter GDP growth came in at 4.1% compared to a preliminary estimate of 4.0%. That compares to a 31.4% decline in the second quarter followed by 33.4% growth in the quarter . Both swings in those two earlier quarters...
by sslifer | Feb 25, 2021 | GDP, NumberNomics Notes
February 25, 2021 When the economy is slowing down, firms will accumulate unwanted inventories. Those inventories still show up in GDP, but they are unsold. Hence, GDP will be biased upwards. Similarly, in good times businesses will reduce inventory levels to...
by sslifer | Feb 25, 2021 | GDP, NumberNomics Notes
February 25, 2021 It is important to remember that final sales is a measure of how many domestically produced goods are sold each quarter. But we also sell goods overseas — our exports. And we purchase goods from other countries — our imports. In the...
by sslifer | Feb 25, 2021 | GDP, Inflation, NumberNomics Notes
February 25, 2021 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 | Feb 25, 2021 | Employment, NumberNomics Notes
February 25, 2021 Initial unemployment claims for the week of February 20 declined by 111 thousand to 739thousand after having fallen 7 thousand in the previous week. After reaching a peak of 6,867 thousand at the end of March initial claims had been steadily...
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