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 | Housing, NumberNomics Notes
March 1, 2024 Construction spending (the green bars above) declined 0.3% in February after having fallen 0.2% in January. Construction spending climbed for 12 consecutive months before declining slightly in January and February In the past 12 months it has risen...
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...
by sslifer | Jan 19, 2024 | Commentary for the Week, NumberNomics Notes
January 19, 2024 Most economists expect the economy to slow in the first half of 2023 and some still anticipate a recession in the months ahead. That appears to be an increasingly unlikely scenario. The economy closed out last year on a strong note and that strength...
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