by sslifer | Dec 17, 2024 | NumberNomics Notes, Retail Sales
December 17, 2024 Retail sales rose 0.7% in November after gaining 0.5% in October and 0.9%% in September. In the past year retail sales have risen 3.4%. Motor vehicle sales jumped 2.6% in November after climbing 1.8% in October after having risen 0.6% in...
by sslifer | Dec 13, 2024 | Commentary for the Week, NumberNomics Notes
December 13, 2024 The Federal Reserve will be the focus of attention this week. It is all but a foregone conclusion that it will lower the funds rate by 0.25% to 4.25-4.5%. It told us that is what it intends to do. The Fed is trying to reduce the funds rate to a...
by sslifer | Dec 12, 2024 | Inflation, NumberNomics Notes
December 12, 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 rose 0.4% in...
by sslifer | Dec 11, 2024 | Inflation, NumberNomics Notes
December 11, 2024 The CPI rose 0.3% in November after climbing 0.2% in each of the previous three months. The year-over-year increase is currently 2.8%. We now expect the CPI to increase 2.7% in 2024. Food prices rose 0.4% in November after gaining 0.2% in October. ...
by sslifer | Dec 10, 2024 | NumberNomics Notes, Productivity
December 10, 2024 Non-farm productivity rose 2.2% in the third quarter after climbing 2.1% in the second quarter. The third quarter increase consisted of a 3.5% increase in output combined with a 1.2% increase in hours worked. Hence, a 2.2% increase in productivity...
by sslifer | Dec 10, 2024 | NumberNomics Notes, Productivity
December 10, 2024 Unit labor costs might be a term that is not familiar to you. Unit labor costs represent the increase in compensation adjusted for the gains in productivity. You might think that if labor costs are rising that would put upward pressure on...
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