by sslifer | Apr 30, 2025 | Inflation, NumberNomics Notes
April 30, 2025 The employment cost index for civilian workers climbed at a 3.6% annual rate in the first quarter after climbing at a 3.6% annual rate in the fourth quarter. Over the course of the past year it has risen 3.5%. The employment cost index peaked at 5.1%...
by sslifer | Apr 30, 2025 | Employment, NumberNomics Notes
April 30, 2025 As shown above the ADP survey shows a respectable correlation with the private sector portion of the payroll employment data to be released a couple of days later. And well it should. ADP, or Automatic Data Processing, Inc. is a provider of...
by sslifer | Apr 29, 2025 | Consumer, NumberNomics Notes
April 29, 2025 . The Conference Board reported that consumer confidence fell 7.9 points in April to 86.0 after having fallen 6.2 points in March and 5.2 points in February. After hitting a peak in November confidence has plunged in the past five months as consumers...
by sslifer | Apr 29, 2025 | Housing, NumberNomics Notes
April 29, 2025 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities rose 0.4% in both January and February. Prices have risen 4.5% in the past year. The National Index which is a slightly broader measure of home price increases rose 0.3% in February...
by sslifer | Apr 29, 2025 | Employment, NumberNomics Notes
April 29, 2025 The Labor Department reported that job openings declined 288 thousand in March to 7,192 thousand after having fallen 282 thousand in February. The pace of economic activity has remained relatively solid while the labor market has softened very...
by sslifer | Apr 25, 2025 | Commentary for the Week, NumberNomics Notes
April 25, 2025 Fed bashing is back. A week ago Trump’s economic advisor, Kevin Hassett, said that the administration was studying options to remove Powell. Ouch! On Monday Trump managed to spook the markets when he called for preemptive rate cuts by the Fed...
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