Jobless claims hoist yellow flag again; employment and unemployment likely to show further deceleration tomorrow – by New Deal democrat Initial jobless claims rose 13,000 to 242,000 last week, while the 4 week average rose 3,500 to 239,250. Continuing claims, with a one week lag, declined -38,000 to 1.805 million: This is right in the […]
Another collection of articles on various topics from my In-Box. Puling quite a bit from Healthcare. Some interesting articles in this batch. I hope you take a few moments and read some of them. Most are not terribly long winded. I wander in the comments section to see what is being said on various topics. […]
Manufacturing and construction start out the month’s data to the negative side – by New Deal democrat As usual, we start the month with reports on last month’s manufacturing, and construction from two months ago. The ISM manufacturing index has a 75 year record of being a very reliable leading indicator. According to the ISM, […]
I got to this article about the Home Value Index Report after reading an Insider’s “The Fight Over Airbnbs Is Now Descending on Small American Cities,” businessinsider.com, Dan Latu. The article is about Airbnb rentals in Bozeman, Montana. Bozeman residents are trying to figure out what to do as it is driving up the prices […]
A mixed picture on real personal income, savings, and spending in March, and real total sales in February – by New Deal democrat As I’ve indicated a number of times recently, right now I consider the report on personal income and spending co-equal to the employment report as the most important monthly data. For March, […]
Leading components of Q1 GDP paint a mixed picture – by New Deal democrat As you probably already know, real GDP increased 1.1% at a seasonally adjusted annualized rate in Q1. This doesn’t necessarily mean that the economy improved throughout the period. The median GDP for the quarter where post WW2 recessions have begun was […]
Four week average of initial claims drops below “yellow flag” level, for now – by New Deal democrat While GDP will get the lion’s share of attention today (and I’ll post on it later on), by and large it is a look in the rear view mirror. The more forward-looking data is weekly jobless claims. This […]
I was doing some Angry Bear housecleaning and ran across this post by Barkley questioning whether trump would leave the presidency upon after his loss. This post was written by Barkley November 10th. In keeping with his requirements to wait on posting Econospeak’s commentaries, AB was to wait a day or two. Barkley had a […]
voting 217 Yes 215 no the House has passed a bill which would increase the debt ceiling, slash spending, and repeal (most of) the IRA. This ends the fun period when we could laugh at Republicans for demanding that Biden negotiate without themselves making a bargaining proposal. The bill is horrible. I am a Democrat […]
Are Home Sales Bottoming? – by New Deal democrat For the past few months, I have speculated that home sales were bottoming. This morning’s report on March new home sales put an exclamation mark on that idea. New home sales increased 57,000 in March (from a February level downwardly revised by -17,000) to 683,000 annualized […]