by sslifer | Feb 4, 2025 | NumberNomics Notes, Retail Sales
February 4, 2025 Unit car and truck sales sank 7.5% in January to 15,603 thousand after having risen 1.3% in December and 3.4% in November. Car sales picked up in the last few months of 2024 but clearly got whacked in January. The bitter cold weather throughout...
by sslifer | Feb 4, 2025 | Employment, NumberNomics Notes
February 4, 2025 The Labor Department reported that job openings declined 556 thousand in December to 7,600 thousand after having risen 317 thousand in November. The pace of economic activity has remained solid while the labor market has softened very gradually. ...
by sslifer | Feb 3, 2025 | Housing, NumberNomics Notes
February 3, 2025 Construction spending (the green bars above) rose 0.5% in December after having risen 0.2% in November and 1.6% in October. After being essentially unchanged through most of last year, construction spending...
by sslifer | Feb 3, 2025 | NumberNomics Notes, Purchasing Managers Index
February 3, 2025 The Institute for Supply Management’s index of conditions in the manufacturing sector rose 1.7 points in January to 50.9 after gaining 0.8 point in December and 1.9 points in November. This is the first time this index has been above the break-even...
by sslifer | Jan 31, 2025 | Commentary for the Week, NumberNomics Notes
January 31, 2025 Fourth quarter GDP growth was 2.3% slightly below the consensus forecast of 2.6%. Growth for the quarter was led by consumer spending which jumped 4.2%. The only reason GDP growth was not more rapid was because the slow pace of inventory accumulation...
by sslifer | Jan 31, 2025 | Inflation, NumberNomics Notes
January 31, 2025 The employment cost index for civilian workers climbed at a 3.6% annual rate in the fourth quarter after climbing at a 3.1% annual rate in the third quarter. Over the course of the past year it has risen 3.8%. The employment cost index peaked at...
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