The New Home Construction data gives an indication to future economic Growth. The new construction data influences New Construction Jobs, Retail Sales, Retail Jobs, Professional Services jobs, and Gross Domestic Product possibilities. New Construction is reflected in the the Gross Private Domestic Investment component of GDP. Contrary to […]
Some age groups lost workers and workforce population this month The November Jobs Report was tepidly received on Friday December 7th. The “headline jobs number” was lower than anticipated. Wages grew, just not at the employment level “wanted.” Unemployment dropped. The problem is that most individuals report on […]
Monthly data moves in mysterious ways. That’s why we need to look at the annual picture when it comes to housing. The Monthly Employment Situation Report is one of the most important economic reports that is released during the course of a month. The most important series of […]
The level of retail sales have been on a record pace all year long. Last month was the first time that we ever recorded over $6 trillion in total retail sales during a 12 month period of time. This should be the first time that we record a […]
The weekly unemployment claims data is the canary in the coal mine. Right now that canary is singing “Whistle While You Work.” This year we set a record for the number of weeks with the first time unemployment (FTU) claims, non-seasonally adjusted (NSA,) under 200,000 claims. We recorded […]
The Consumer Price Index (CPI) data on Inflation was released to very little fanfare. The official value was 2.2%. This is what the Federal Reserve wants to see. What was ignored was that this rate of inflation is lower than what was reported last year when it was […]
Expect Good News from November Retail Sales. There are a number of reports that give us an insight, or more, into the health of the economy. The monthly Employment Situation report, or jobs report, tells us which sectors are adding workers, what the average weekly wages are by […]
We received the November Employment Situation Report, or Jobs Report, last Friday. Yesterday we received the October Job Openings and Labor Turnover Survey (JOLTS) data. Considerable noise has been made that we have more job openings than unemployed workers. This column goes out of its way to make […]
The November Jobs Report was tepidly received on Friday December 7th. The “headline jobs number” was lower than anticipated. Wages grew, just not at the employment level “wanted.” Unemployment dropped. The problem is that most individuals report on the report and not on the data. This column has […]
The November Jobs Report went over like a lead balloon. If people had spent some time digging into the data then they would have found that it was quite good. “November Jobs Report: What Recession Coming?” examined the Current Population Survey (CPS) jobs and unemployment data and the […]