January Retail: Best January Ever
We had a record Retail Sales month during January after a record retail sales year during 2018. The Government Shutdown appears to have impacted three retail sectors.
Five Presidents at 25 Months: Participating
The February Jobs Report – A Tale of Two Data Sets (Part 3) The ADP report was released last week to faint praise. The “jobs” number came in at 183,000. Commentators made off-hand remarks that this was down from the January level of 300,000 workers. We hadn’t seen […]
February Wage and Worker Data: Wow!
The February Jobs Report – A Tale of Two Data Sets (Part 2) The ADP report was released last week to faint praise. The “jobs” number came in at 183,000. Commentators made off-hand remarks that this was down from the January level of 300,000 workers. We hadn’t seen […]
February Jobs Report: Did we add 1.2 Million Jobs or 25,000 workers?
The February Jobs Report – A Tale of Two Data Sets The ADP report was released earlier this week to faint praise. The ADP Payroll report is often seen as an indicator as to what to expect from monthly government jobs report. The data is from different data […]
February ADP Report Part 2: Remarkable Revisions
February ADP Reported Growth in All Sectors. The 2018 data was revised higher, so was January, “reducing” February Data The ADP Payroll report is released the Wednesday prior to the monthly government Employment Situation Report. The headline ADP number is the seasonally adjusted payroll gains or losses. The […]
Feb. 2019 ADP Report: Remarkable
The ADP Payroll data was reported as a miss today. This is remarkable. The Data for 2018 was revised higher by 122,000 positions. The January 2019 data was revised higher by 87,000. There were 202,000 workers added to the economy plus the 183,000 that were officially added. All Sectors added workers month to month and February to February.
Best New Home Sales Year since 2007
The easy headline is that December Sales Dropped From Last December. The rest of the story is this was the Best Sales Year Since 2007 The rest of the story is this was the Best Sales Year Since 2007 If you listen to other commentators you may hear […]
2019 GDP Best End of the Year GDP since 2000
Fourth Quarter GDP was not impacted by the Government Shutdown There were a number of pundits who thought that he fourth quarter GDP might be negatively impacted by the Government Shutdown. This column produced one article “Government Shutdown May Not Show Up in Government Data,” and a second […]
New Construction Levels best since 2007 during 2018
This column published an article “December Real Estate Surprise Forecasted” projecting the potential outcomes of the December New Construction data, the December New Home Sales Data, and the December Existing Home Sales data. December Starts have been sluggish for years – they may surprise to the upside.There is […]
Record January Existing Home Average Sales Price Ignored
January Data was expected to surprise some analysts – And it did, as inventory improved, a new January average sales price was set, and units sold slowed There are three main components that need to be observed in the Existing Home Sales Report: Inventory, Units sold, and Average […]
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