by sslifer | Apr 25, 2024 | Employment, NumberNomics Notes
April 25, 2024 Initial unemployment claims fell 5 thousand in the week ending April 20 to 207,000 after being unchanged in the previous week. The economy is strong enough and likely to remain so for the foreseeable future. No need to start laying off people. The...
by sslifer | Apr 23, 2024 | Housing, NumberNomics Notes
April 23, 2024 New home sales jumped 8.8% in March to 693 thousand after having fallen 5.1% in February, New home sales reached a low point in the middle of last year, but have risen somewhat since then.. Existing home sales are being constrained by a lack of...
by sslifer | Apr 19, 2024 | Commentary for the Week, NumberNomics Notes
April 19, 2024 Economic forecasts have been notably inaccurate for the past couple of years. Virtually every economist expected a recession in the second half of last year. But growth for the year was a solid 3.1%. Most economists expected the inflation...
by sslifer | Apr 15, 2024 | Housing, NumberNomics Notes
April 15, 2024 Homebuilder confidence was unchanged in April at 51 after having risen 3 points in March to 51 after climbing 4 points in February, 7 points in January, and 3 points in December. Thus, confidence has risen 17 points in the past five months as mortgage...
by sslifer | Apr 11, 2024 | Inflation, NumberNomics Notes
April 11 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 roe 0.2% in March...
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