by sslifer | Apr 15, 2024 | NumberNomics Notes, Retail Sales
April 15, 2024 Retail sales rose 0.7% in March after climbing 0.9% in February and declining 0.9% in January. It is true that the sales gains in February and March were robust and some economists are now suggesting that the next move by the Fed could be to raise...
by sslifer | Jul 7, 2023 | Commentary for the Week, NumberNomics Notes
July 7, 2023 At midyear 2023 the economists who suggest that the economy will slip into recession in the second half of the year must be feeling nervous. The service sector of the economy rebounded in June. The employment report for June was solid with a 209...
by sslifer | May 5, 2023 | Commentary for the Week, NumberNomics Notes
May 5, 2023 Data for the second quarter are beginning to filter in. One has to squint closely to find signs of further slowing in the pace of economic activity. Payroll employment rose 253 thousand in April. The unemployment rate declined 0.1% to 3.4%. Car sales...
by sslifer | Feb 24, 2023 | Commentary for the Week, NumberNomics Notes
February 24, 2023 The past few weeks have burst the soft landing bubble. First quarter GDP growth estimates have been rising steadily from 0.5% at the beginning of the year to 2.0-2.5% currently. All inflation measures were revised higher in the final few months of...
by sslifer | Oct 14, 2022 | Commentary for the Week, NumberNomics Notes
October 14, 2022 Recent data indicate that while consumer spending is slowing, employers are reluctant to lay off workers. Thus, GDP growth remains positive, but sluggish. At the same time the inflation rate remains at a 40-year high and is showing few signs of...
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