– by New Deal democrat On Friday housing permits, starts, and units under construction were finally reported for the first time in four months, since September’s report for August. The bad news is that the report only updated through October, so we are still two months behind. The very qualified good news is that, since […]
A recent piece in the Wall Street Journal . . . Erica York “Do Tariffs Cause Inflation? New Studies Offer Surprising Answer?” The article highlights two economic papers that have found tariffs usually have not led to higher inflation (or only slight pickups), likely because tariffs tend to hurt the economy and reduce demand. If you read my November newsletter, you would not be surprised by those […]
– by New Deal democrat [Note: Housing permits, starts, and units under construction were also updated this morning for September and October. I will post my remarks on this report on Monday; but in summary I can say it remained recessionary, with some possible “green shoots” that may indicate a bottom.] This morning’s jobs report for […]
– by New Deal democrat Yesterday’s JOLTS report for November was not stale inasmuch as it was at best delayed by a week or two. But nevertheless, since it was for November it remains somewhat old news that can only help to confirm other data we have already received. Last month I concluded that the […]
– by New Deal democrat Let’s take our weekly look at jobless claims, which are the best up-to-the-moment measure of the labor market. Initial claims rose 8,000 to 208,000, while the four week moving average declined -7,250 to 211,750. With the typical one week delay, continuing claims rose 56,000 to 1.914 million: Number of Initial […]
– by New Deal democrat As I indicated yesterday and earlier today, we got some stale data on factory orders this morning, as well as a JOLTS report for November. I’ll take a look at those tomorrow. In the meantime, the big news of the morning has to be the very good ISM services report for […]
– by New Deal democrat I will write about the biggest economic release of the day, the ISM services report for December, later. In the meantime, here are two other important data releases for December, one from a private source (ADP), and the other from the BEA’s GDP updates. As an initial matter, I don’t […]
– New Deal democrat We are still suffering the aftereffects of the government shutdown, with no data today, but a helping of mainly stale government data tomorrow and Friday. Tomorrow we get up to date private data from the ISM for services, and from ADP for private employment, along with manufacturers’ orders for October. On Friday […]
– by New Deal democrat We are still suffering the data aftereffects of the government shutdown. Normally we begin each month with reports on both construction spending as well as manufacturing. But the construction report even now has only been updated through August, and won’t be updated for September and October until January 21. And […]
Or Family First? The existing patten? When working couples start a family, many will face some life changing choices over time. For example, how much time they will re-invest to home rather than to work. Also, they will decide which one will make the bigger investment to family and home over work. What this rather […]