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 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 5, 2024 | Commentary for the Week, NumberNomics Notes
April 5, 2024 The economy continues to be on a roll. The monthly employment gains are impressive. The workweek has rebounded. First quarter GDP growth keeps getting revised higher. We have raised our GDP estimates for both the first and second quarters from 2.2%...
by sslifer | Apr 5, 2024 | Employment, NumberNomics Notes
April 5, 2024 Payroll employment jumped by 303 thousand in March after having risen 270 thousand in February and 256 thousand in January. In the past three months the average increase has been 276 thousand. The March increase was larger than the 200 thousand...
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