…constantly rewrite regulations. International allies question whether American commitments will survive the next election. Long-term strategic planning becomes more difficult because policy increasingly depends not upon durable legislation, but upon…

…much slower pace that is its service counterpart. The durable-goods jobs should turn up soon, at least the 64% of its payroll that is manufacturing. The ISM employment diffusion index…

…1: The years of debt-fueled consumption went into goods spending, jumping the consumption share of GDP to an excess of 70%. Update: large edition of graph here. Reality: The goods…

…those in the trade of durable goods, while “other services” added 15,000 more workers, with 6,300 of those working in personal and laundry services….meanwhile, employment in other major sectors, including…

…vehicle and parts output rebounded 0.6% last month after tumbling 1.9% in April. Durable goods manufacturing production increased 0.6%. There were large increases in the output of wood products, machinery,…

…why and suggests a revised tool that may be a helpful short leading indicator. On Monday, durable goods orders rebounded sharply in July from their abrupt June decline. Still, as…

…new all-time high. Real spending on services also increased 0.2% to an all-time high as well: Prof. Edward Leamer’s business cycle model indicates that spending on durable goods tends to…

…the Conference Board.  In 2022, Manufacturing total factor productivity was 0.5 % above its 2005 level. In 2022, durable goods was 6.7 % above its 2005 level. In 2022, nondurable…

…in average price that consumers pay for goods and services, including food. So the CPI is also a measure of inflation.  In the CPI, the cost of food is of…

…indexes show no sign of stress at all. Where we haven’t seen a downturn is in manufacturers’ new orders for durable goods or for consumer goods (these are also “official”…