Retail sales set a record during 2018. We have seen record non-seasonally adjusted retail sales during January and February of 2019. March is normally a strong month for retail sales due to the Spring Housing Market. Expect non-seaosnlly adjusted retail sales growth in all sectors month to month and march to March. The seasonally adjusted sales may have one of two slower sales levels March to March.
Is this government’s Brexit broken beyond repair? I hope so, it’s a shambles, and a sordid betrayal of the will of the people who voted in majority to leave the EU. We can just leave anyway, under WTO rules, and use the money we save, to kick-start our […]
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 […]
Private Sector Payroll Grew for All Sectors from January 2018 Levels The ADP Private Sector Annual Growth Rate came in substantially higher than January 2018. The annual growth rate for October was 2.00%. The annual growth rate for November was 1.96%. The December growth rate was 1.99%. […]
Fourth Quarter GDP Could be the Best Fourth Quarter since 2011 You have heard elsewhere, and possibly read elsewhere, that the Government Shutdown is/was going to negatively impact our Gross Domestic Product, or GDP. This column has produced an article titled “Government Shutdown may Not Show Up in […]
CNN was tipped off by “Special Councel” Robert Mueller’s office that they were going to conduct a predawn raid and arrest of former Trump political opperative Roger Stone at his home this morning. Armed with cameras, CNN recorded what looked like something out of “Casablanca” as members of […]
The ADP Payroll report gives us a preview of what to expect from the Monthly Employment Situation report, especially with regard to total private sector worker growth. We may get some insight as to which sectors are growing month to month and December to December, seasonally adjusted. The […]