…recessionary periods between 1960 and 2007, both measures of consumer spending on goods have declined, although after a decline last year, this year consumer spending on goods measured both ways…

…also total construction and goods production jobs as a whole; as well as watching for the increase in jobless claims to translate into a higher unemployment rate (a leading relationship…

…purchase all that stuff, = GDP), and subtract what we consumed each year (measured by spending on consumption goods, which get consumed by definition, plus “consumption” of fixed capital —…

…In fact in the typical places where we would first expect to find those effects – namely, in the production and transport of goods – it did indeed show up….

…final demand goods and services typically rose on the order of 0.2% or 0.3% monthly: Nevertheless, on a YoY basis both producer goods and services inflation is well within its…

…production (light blue) and real manufacturing and trade sales (dark blue) from the producer side of the economy, real aggregate payrolls (dark red)and real spending (light red) on goods from…

…fortunately has not been confirmed by the broader measure of real personal spending on goods. On the other hand, real personal consumption of goods has also been lower all this…

…start the cascade into the broader economy. Generally speaking, these are all goods-producing industries, and specifically manufacturing and construction. Usually I also include temporary help, but that has clearly been…

…no longer capable of producing and equitably distributing the requisite goods and services. The French Revolution was indeed much about bread. From the late 1930s until the early 1970s, the…

…group, Americans will spend nearly $1 trillion on clothes, electronics, trinkets, and other goods during the 2024 holiday season, which it defines as November 1 through December 31. That’s about a fifth…