by sslifer | Jan 7, 2025 | Employment, NumberNomics Notes
January 7, 2025 The Labor Department reported that job openings rose 259 thousand in November to 8,098 thousand after climbing 497 thousand in October. The pace of economic activity has remained solid while the labor market has softened very gradually. Job...
by sslifer | Jan 6, 2025 | NumberNomics Notes, Retail Sales
January 6, 2025 Unit car and truck sales rose 0.9% in December to 16.798 million after climbing 3.3% in November, 2.2% % in October, and 4.0% in September. Car sales in recent months have picked up from the 15.5-16.0 million pace that existed for more than a year to...
by sslifer | Jan 3, 2025 | Commentary for the Week, NumberNomics Notes
January 3, 2025 Throughout the summer the Federal Reserve suggested strongly that inflation had subsided sufficiently that it would soon begin to cut rates. In September the Fed finally reduced the funds rate 0.5% to 4.75-5.0%, suggested it would lower the funds rate...
by sslifer | Jan 3, 2025 | NumberNomics Notes, Purchasing Managers Index
January 3, 2025 The Institute for Supply Management’s index of conditions in the manufacturing sector rose 0.9 point in December to 49.3 after climbing 1.9 points in November. This is the highest level for this index since March of last year. A level of 49.3 is...
by sslifer | Jan 2, 2025 | Housing, NumberNomics Notes
January 2, 2025 Construction spending (the green bars above) was unchanged in November after having risen 0.5% in October. Construction spending climbed sharply in the first four months of last year, but it has slowed...
by sslifer | Dec 31, 2024 | Housing, NumberNomics Notes
December 31, 2024 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities rose 0.3% in October after having risen 0.2% in September after rising 0.3% in August. It has risen 4.3% in the past year. Brian Luke, Head of Commodities, Real &P Digital...
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