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 18, 2024 | Employment, NumberNomics Notes
April 18, 2024 Initial unemployment claims were unchanged in the week ending April 13 at 212,000 after declining 10 thousand 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....
by sslifer | Apr 11, 2024 | Forecasts, NumberNomics Notes
April 11, 2024 The economy seems to have more positive momentum than anticipated. The economy continues to create jobs and wages keep growing and consumers continue to spend As a result, we expect GDP growth of about 2.5% in each of the first two quarters of 2024...
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 The unemployment rate fell 0.1% in March to 3.8% after having risen 0.2% in February. In March the labor force rose by 469 thousand.. Employment jumped by 498 thousand. As a result, the number of unemployed workers fell; by 29 thousand and the...
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