by sslifer | Mar 8, 2024 | Commentary for the Week, NumberNomics Notes
March 8, 2024 Every month employers have a choice. If demand remains solid they can either hire more workers, or work their existing employees longer hours. If in any given month economists know how many people are working and how many hours they worked, they can...
by sslifer | Mar 1, 2024 | Commentary for the Week, NumberNomics Notes
March 1, 2024 The Congressional Budget Office currently estimates potential GDP growth in the U.S. for the next decade to be 2.0% — 0.6% growth in the labor force plus 1.4% growth in productivity. Potential GDP growth can be thought of as the economy’s speed...
by sslifer | Feb 16, 2024 | Commentary for the Week, NumberNomics Notes
February 16, 2023 Market participants have finally realized that seven rate cuts in 2024 were not going to happen. They now anticipate four. That seems far more reasonable. There is simply no reason for the Fed to rush. Fourth quarter GDP growth was robust at...
by sslifer | Feb 2, 2024 | Commentary for the Week, NumberNomics Notes
February 2, 2024 At first blush the employment report for January appears to be an upside blowout. Payroll employment surged by 353 thousand when a gain of 175 thousand had been expected. Average hourly earnings jumped 0.6% in January versus an increase of 0.3%...
by sslifer | Jan 26, 2024 | Commentary for the Week, NumberNomics Notes
January 26, 2024 The housing sector consists of both new and existing home sales. At the moment, existing sales have plunged to a record low level while new home sales have turned upwards. Why the difference? More importantly, what is the outlook for the housing...
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