[infogram id=”f49295ae-1a26-4894-b18a-c64eaed24a62″ prefix=”Y02″ format=”interactive” title=”RETAIL SALES 06152023″] Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose 0.3% in May from April after rising 0.4% in May. Consumers spent more at most categories of retailers, including grocery, furniture and electronics stores. Excluding autos, retail sales also rose by 0.4% over the […]
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INFLATION CUT IN HALF FROM LAST YEAR’S PEAK, CORE PRICES STILL HIGH
[infogram id=”45d05ee9-a99c-4d60-9373-d751206ebf24″ prefix=”TGN” format=”interactive” title=”MAY CPI V2 06122023″] Key Points: The Consumer Price Index (CPI) rose 0.1% in May after rising 0.4% in April. CPI increased 4.0% from a year ago, down from 4.9% in April, and the lowest reading since April 2021. The index for energy decreased 3.6% over the month, food rose 0.2%, […]
Read MoreJOB OPENINGS FELL NATIONALLY IN MARCH, BUT STATE VARIATION PERSISTS
[infogram id=”dd032870-2eb9-453d-98cc-b19a6ca9a056″ prefix=”b5b” format=”interactive” title=”STATE LEVEL JOB OPENINGS 06052023″] Key Points: Job openings rates fell in 15 states and increased in one state and the District of Columbia in March. The number of job openings decreased in 18 states, increased in 4 states and the District of Columbia, and was little changed in 28 states […]
Read MoreU.S. ADDS 339K JOBS IN MAY
[infogram id=”8bdfce83-4689-4ccc-a64a-20c61bb763b0″ prefix=”Mzp” format=”interactive” title=”MAY JOBS DAY VS 06022023″] Key Points: Total nonfarm payroll employment rose by 339,000 in May and the unemployment rate rose to 3.7%. Consensus among economists was a gain of 190,000 jobs. Among the major worker groups, the unemployment rates for adult women (3.3%) and Blacks (5.6%) rose in May. Professional […]
Read MoreJOB OPENINGS INCREASED IN APRIL, REVERSING THREE MONTHS OF DECLINE
[infogram id=”afa61d18-d6ee-40c4-82e3-95ea3b14d17b” prefix=”S3k” format=”interactive” title=”JOLTS VS UNEMPLOYED 05312023″] Key Points: The number of available jobs since May 2021 continues to outnumber Americans looking for work. The tight labor market has pushed total job openings to nearly double the available workers, but hiring has slowed amid a broader economic slowdown. Job openings increased by 358,000 to […]
Read MoreHOME PRICES ROSE IN MARCH FOR THE SECOND STRAIGHT MONTH
[infogram id=”b75a63ee-345f-4584-85ec-482d410d27b2″ prefix=”MZx” format=”interactive” title=”S&P HOME PRICE INDEX 05302023″] Key Points: The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 0.7% in the year that ended in March, down from 2.1% in the previous month. The National Home Price Index rose 0.4% in […]
Read MoreCONSUMER SPENDING JUMPS IN APRIL, PRICES REMAIN ELEVATED
[infogram id=”231eb046-d945-4c39-8148-93e3fd9bf315″ prefix=”UZN” format=”interactive” title=”PERSONAL SPENDING 05262023″] Key Points: U.S. consumer spending rose by 0.8%, or $151.7 Billion, in April, after rising 0.1% in March. Personal income increased by 0.4%, or $80.1 Billion, in April, after rising 0.3% in March. The overall personal consumption expenditures price index rose 0.4% in April and is up 4.4% […]
Read MoreYOUR MEMORIAL DAY BBQ WILL COST 10.6% MORE THAN LAST YEAR
[infogram id=”2e9bfbc3-bf6c-4615-9b77-51040a75709e” prefix=”dyt” format=”interactive” title=”COST OF BBQ V2 05232023″] Key Points: While inflation is down from the Summer 2022 peak, Americans are still feeling the impact of higher prices. The costs were determined for 10 people consuming one plate of food. One plate consists of 4 oz. burger with lettuce, tomato, and bun, a hotdog, […]
Read More10 STATES SET RECORD LOW UNEMPLOYMENT IN APRIL
[infogram id=”2a39242f-d4fb-4cb6-bff5-e8d224250e49″ prefix=”nyV” format=”interactive” title=”APRIL STATE LEVEL EMPLOYMENT 05192023″] Key Points: Unemployment rates fell in 14 states and remained stable in 36 states and the District of Columbia in April. The U.S. unemployment rate was little changed at 3.4% in April. Eight states and the District of Columbia had unemployment rates above the U.S. average […]
Read MoreEXISTING-HOME SALES FELL 3.4% IN APRIL AND 23.2% IN LAST YEAR
[infogram id=”27a46f7b-9abb-4694-bc41-b69c7f588111″ prefix=”4Hh” format=”interactive” title=”EXISTING HOME PRICE MAP 05182023″] Key Points: Existing-home sales fell 3.4% in April from March and 23.2% from one year ago. The median existing-home sales price decreased 1.7% from one year ago to $388,800. Existing-home sales in the Northeast fell 1.9% from March and 23.9% from April 2022. The median price […]
Read MoreRETAIL SALES RISE 0.4% OVER THE MONTH, MISSING EXPECTATIONS AGAIN
[infogram id=”26b94847-56bc-4c26-85d5-c335a6e733e2″ prefix=”amo” format=”interactive” title=”RETAIL SALES 05162023″] Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose 0.4% in April from March after last month was revised to a 0.7% decline. Consensus among economists was a 0.7% increase. Excluding autos, retail sales also rose by 0.4% over the month. Retail sales […]
Read MoreREAL WAGES HAVE FALLEN 3.3% UNDER BIDEN
[infogram id=”b08fd8fa-5392-42d1-8d84-1d7644618eeb” prefix=”bmg” format=”interactive” title=”REAL AVERAGE HOURLY EARNINGS V3 05112023″] Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite average hourly earnings trending up, wages are lower after adjusting for inflation. The Consumer Price Index (CPI) rose […]
Read MoreINFLATION EASED TO 4.9% IN APRIL, CORE PRICES REMAIN ELEVATED
[infogram id=”4a9c2d9c-1e22-4522-9dab-c7726cefbe41″ prefix=”LM1″ format=”interactive” title=”APRIL CPI V2 05102023″] Key Points: The Consumer Price Index (CPI) rose 0.4% in April after rising 0.1% in March. CPI increased 4.9% from a year ago, down from 5.0% in March, and the lowest reading since April 2021. The rate of price increases fell below 5% after twenty-two consecutive months. […]
Read MoreLABOR QUALITY THE TOP PROBLEM FOR SMALL BUSINESSES, FOLLOWED BY INFLATION
[infogram id=”bba36189-f03e-401e-908b-658bfd760377″ prefix=”fAi” format=”interactive” title=”NFIB SMALL BUSINESS OPTIMISM 05092023″] Key Points: The NFIB Small Business Optimism Index declined in April to 89.0, down 1.1 from March. This marks the 16th consecutive month below the 49-year average of 98. Consensus among economists on the January index was a decline of 0.5 to 89.6. 23% of owners […]
Read MoreU.S. ADDED 253K JOBS IN APRIL, REVISIONS CUT GAINS FROM PREVIOUS MONTHS
[infogram id=”47feb614-67f6-4323-8a01-5b7035af455d” prefix=”FMd” format=”interactive” title=”APRIL JOBS DAY VS 05052023″] Key Points: Total nonfarm payroll employment rose by 253,000 in April as the unemployment rate fell to 3.4%. Consensus among economists was a gain of 179,000 jobs. The change in total nonfarm payroll employment for February was revised down by 78,000 to 248,000, and the change […]
Read MoreJOB OPENINGS FALL TO TWO-YEAR LOW
[infogram id=”e7286a11-2205-4d3a-857a-ca3f830814e0″ prefix=”ey2″ format=”interactive” title=”JOLTS VS UNEMPLOYED 05022023″] Key Points: The number of available jobs since May 2021 continues to outnumber Americans looking for work. The tight labor market has pushed total job openings to nearly double the available workers, but hiring has slowed amid a broader economic slowdown. Job openings fell by 384,000 to […]
Read MoreINFLATION GAUGE SHOWS CORE PRICES REMAIN ELEVATED
[infogram id=”9bb3c729-3324-411a-9016-ac548030b254″ prefix=”ewL” format=”interactive” title=”PERSONAL SPENDING 04282023″] Key Points: U.S. consumer spending rose by less than 0.1%, or $8.2 Billion, in March, after rising 0.1% in February. Personal income increased by 0.3%, or $67.9 Billion, in March, the same rate as February. The overall personal consumption expenditures price index rose 0.1% in March and is […]
Read MoreMOODY’S CRITIQUE OF SPEAKER MCCARTHY’S BUDGET: INCORRECT AND ABSURD
Economist Corner A recent report by Moody’s Analytics that the Budget now before the House would cost 780,000 jobs. These claims are flagrantly wrong and misleading. The economics behind them are highly dubious. For starters, the analysis reflects speculation about what Republicans will do, rather than the legislation put forward by Speaker McCarthy. “While not stipulated in […]
Read MoreSEVEN STATES SET RECORD LOW UNEMPLOYMENT IN MARCH
[infogram id=”219129e2-b9a3-4975-a5a9-3d50ad52602e” prefix=”ZOg” format=”interactive” title=”MARCH STATE LEVEL EMPLOYMENT 04242023″] Key Points: Unemployment rates fell in 18 states, rose in the District of Columbia, and remained stable in 32 states in March. The U.S. unemployment rate was little changed at 3.5% in March. Nine states and the District of Columbia had unemployment rates above the U.S. […]
Read MoreHOME PRICES POST LARGEST DECLINE IN 11 YEARS
[infogram id=”9551514d-ab53-4d1a-a85a-9fd77a3ff4fb” prefix=”PAO” format=”interactive” title=”EXISTING HOME PRICE MAP 04212023″] Key Points: Existing-home sales fell 2.4% in March from February and 22.0% from one year ago. The median existing-home sales price decreased 0.9% from one year ago to $375,700, the largest decline in 11 years. Existing-home sales in the Northeast were unchanged from February, but down […]
Read MoreEXISTING HOME SALES SLID 2.4% IN MARCH
[infogram id=”fedc5ea7-4d62-429a-b1d6-298f87dfddf6″ prefix=”sSE” format=”interactive” title=”EXISTING HOME SALES SCORECARD 04202023″] Key Points: Existing-home sales fell 2.4% in March from February to a seasonally adjusted annual rate of 4.44 million. Consensus among economists was a 1.5% increase. Existing-home sales fell 22.0% from one year ago. The median existing-home sales price decreased 0.9% from one year ago to […]
Read MoreBUILDER SENTIMENT TRENDING UP, REMAINS UNDERWATER
[infogram id=”738b73aa-4377-4f3f-919b-bfa2c37ed625″ prefix=”LFw” format=”interactive” title=”NAHB INDEX 04172023″] Key Points U.S. builders remained cautiously optimistic in April as limited resale inventory helped to increase demand in the new home market even as the industry continues to grapple with building material issues. The NAHB Housing Market index rose one point to a reading of 45 this month […]
Read MoreRETAIL SALES FALL 1% OVER THE MONTH, MISSING EXPECTATIONS
[infogram id=”71daeb4b-a98a-44b3-899b-b4df74d2bab2″ prefix=”9hH” format=”interactive” title=”RETAIL SALES 04142023″] Key Points: Retail sales, a measure of purchases at stores, restaurants and online, fell 1.0% in March from February after last month was revised to a 0.2% decline. Consensus among economists was a 0.4% decline. Excluding autos, retail sales also fell by 0.8% over the month. Total sales […]
Read MoreGETTING BEEF: AMERICANS NEED TO WORK 25% LONGER TO BUY GROUND BEEF SINCE BIDEN TOOK OFFICE
[infogram id=”51398ef3-8a67-49c5-b1bf-351111103185″ prefix=”7Yd” format=”interactive” title=”GB – MINUTES OF WORK TO AFFORD BEEF 04132023″] Key Points: As of February 2023, the most recent data on the price of beef, the average worker needs to work for 8 minutes and 40 seconds in order to pay for a pound of ground beef. One year ago, a pound […]
Read MoreINFLATION EASED IN MARCH, CORE PRICES REMAIN ELEVATED
[infogram id=”0180dc0a-4f55-4fa9-a460-0d035018852a” prefix=”uMs” format=”interactive” title=”MARCH CPI V2 04122023″] Key Points: The Consumer Price Index (CPI) rose 0.1% in March after rising 0.4% in February. CPI increased 5.0% from a year ago, down from 6.0% in February, and the lowest reading since May 2021. The rate of price increases remained above 5% for the twenty-second straight […]
Read MoreU.S. ADDED 236,000 JOBS IN MARCH, BELOW EXPECTATIONS
[infogram id=”65b9e631-5240-468f-a31f-38dd08e0bd73″ prefix=”j4o” format=”interactive” title=”MARCH JOBS DAY 04072023″] Key Points: Total nonfarm payroll employment rose by 236,000 in March as the unemployment rate changed little at 3.5%. Consensus among economists was a gain of 240,000 jobs. In March, the unemployed population dipped to 5.8 million but job openings fell to 9.9 million in February. Leisure […]
Read MoreJOB OPENINGS FELL UNEXPECTEDLY IN FEBRUARY
[infogram id=”eb6b0f1c-3401-438b-9317-782f0a93bbbf” prefix=”FHG” format=”interactive” title=”JOLTS VS UNEMPLOYED 04042023″] Key Points: The number of available jobs since May 2021 continues to outnumber Americans looking for work. The tight labor market has pushed total job openings to nearly double the available workers this year, but hiring has slowed amid a broader economic slowdown. Job openings fell by […]
Read MoreKEY INFLATION GAUGE ROSE 0.3% IN FEBRUARY, SPENDING MODERATES
[infogram id=”4d47a354-d476-4389-9296-ea8dda1039d6″ prefix=”F8B” format=”interactive” title=”PERSONAL SPENDING 03312023″] Key Points: U.S. consumer spending rose by 0.2%, or $27.9 Billion, in February, after rising 2.0% in January. Personal income increased by 0.3%, or $72.9 Billion, in February, down from 0.6% in January. The overall personal consumption expenditures price index rose 0.3% in February and is up 5.0% […]
Read MoreAMERICANS NEED TO WORK 2X LONGER TO AFFORD EGGS
[infogram id=”4e78440a-a5b3-40e3-937b-7f3c111d46ae” prefix=”QAU” format=”interactive” title=”MINUTES OF WORK TO AFFORD EGGS 03282023″] Key Points: As of March 2023, on average, a worker needed to work for 7 minutes and 19 seconds in order to pay for a dozen eggs. A year ago, a dozen eggs cost a worker 3 minutes and 32 seconds worth of wages. […]
Read MoreHOME PRICES TREND DOWN FOR SEVENTH CONSECUTIVE MONTH
[infogram id=”d46e861b-9b3b-4ed7-8e06-87ead60239ec” prefix=”dwC” format=”interactive” title=”S&P HOME PRICE INDEX 03282023″] Key Points: The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 3.8% in the year that ended in January, down from 5.6% in the previous month. This is the seventh straight month home prices […]
Read MoreREAL WAGES HAVE FALLEN 3.7% UNDER BIDEN
[infogram id=”34afaaca-1969-441a-b127-3dfbbce1c6ec” prefix=”q6H” format=”interactive” title=”REAL AVERAGE HOURLY EARNINGS V3 03232023″] Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. The Consumer Price Index (CPI) rose 0.4% in February from January and is up 6.0% in the last year. […]
Read MoreHOME PRICES FELL IN FEBRUARY FOR FIRST TIME IN 11 YEARS
[infogram id=”8e6764e5-f872-4b7f-9a6b-1ebe590beaf6″ prefix=”tsN” format=”interactive” title=”EXISTING HOME SALES SCORECARD 03222023″] Key Points: Existing-home sales rose 14.5% in February from March, breaking the twelve-month streak of declining sales. Consensus among economists was a 0.7% decline. Existing-home sales fell 22.6% from one year ago. The median existing-home sales price decreased 0.2% from one year ago to $363,000, the […]
Read MoreFOOD LEADS THE PRICE INCREASES IN THE LAST YEAR
[infogram id=”90bedbc2-3177-4073-b5db-72fd0d1c2cfd” prefix=”x4a” format=”interactive” title=”CPI CATEGORIES 03202023″] Key Points: The Consumer Price Index (CPI) rose 0.4% in February from January and is up 6.0% in the last year. The core CPI, which excludes food and energy, rose 0.5% in February and is up 5.5% from the previous year. The overall food index rose 9.5%, food […]
Read MoreCONSUMERS PULLED BACK SPENDING IN FEBRUARY
[infogram id=”6cdaec52-4a99-4f74-8dc3-45c279e21abb” prefix=”OXA” format=”interactive” title=”RETAIL SALES 03162023″] Key Points: Retail sales, a measure of purchases at stores, restaurants and online, fell 0.4% in February from January after rising 3.2% last month. Consensus among economists was a 0.3% decline. February’s decrease comes after the largest monthly gain in nearly two years in January, following two consecutive […]
Read MoreCONSUMER PRICES INCREASED 6.0% FROM YEAR AGO
[infogram id=”c40698ce-71e2-4b83-adf6-63c58878dc04″ prefix=”G3A” format=”interactive” title=”FEBRUARY CPI V2 03142023″] Key Points: The Consumer Price Index (CPI) rose 0.4% in February after rising 0.5% in January. CPI increased 6.0% from a year ago, down from 6.4% in January, and the lowest reading since September 2021. The rate of price increases remained above 5% for the twenty-first straight […]
Read More11 STATES AND D.C. HAD UNEMPLOYMENT RATES ABOVE THE U.S. IN JANUARY
[infogram id=”da965370-b830-49dd-83b9-a7d1f224d645″ prefix=”M7u” format=”interactive” title=”JANUARY STATE LEVEL EMPLOYMENT 03132023″] Key Points: Unemployment rates fell in 5 states, rose in 2 states and the District of Columbia, and remained stable in 43 states in January. The U.S. unemployment rate fell to 3.4% in January but rose to 3.6% in February. 11 states and the District of […]
Read MoreU.S. ADDS 311,000 JOBS IN FEBRUARY
[infogram id=”acc1cc7a-a730-494f-8ebf-ab52313dd4ec” prefix=”QRj” format=”interactive” title=”FEBRUARY JOBS DAY 03102023″] Key Points: Total nonfarm payroll employment rose by 311,000 in February as the unemployment rate rose to 3.6%. Consensus among economists was a gain of 205,000 jobs. In February, the unemployed population rose to 5.9 million but there were 10.8 million job openings in January. Leisure and […]
Read MoreU.S. JOB OPENINGS FALL, LAYOFFS RISE IN JANUARY
[infogram id=”05bad7cd-e53c-47f3-b860-a6138bc9f80b” prefix=”DKm” format=”interactive” title=”JOLTS VS UNEMPLOYED 03102023″] Key Points: The number of available jobs since May 2021 continues to outnumber Americans looking for work. The tight labor market has pushed total job openings to nearly double the available workers this year, but hiring has slowed amid a broader economic slowdown. Job openings fell by […]
Read MoreHIGHER STATE-LEVEL TAX RATES PREDICT POPULATION LOSSES
[infogram id=”4d4b3764-ea98-4c72-98ba-ac6d3fe95541″ prefix=”xZn” format=”interactive” title=”TAX RATES VS POPULATION V6 03022023″] Key Points: In 2022, higher top tax rates on personal income predicted population losses. The map shows the top tax rate and the rate of population change for states with at least 5,000 population change. Arrows to the left indicate a population loss while arrows […]
Read MoreCRIME UP 33% UNDER MAYOR LORI LIGHTFOOT
[infogram id=”b24d031f-b6eb-4398-b829-9fb2676b08d7″ prefix=”iQ3″ format=”interactive” title=”CHICAGO CRIME STATISTICS 0272023″] Key Points: The Chicago Mayoral election is today, Tuesday February 28th, and crime has been a prevalent issue as Mayor Lori Lightfoot fights for re-election. Chicago Police Department statistics show that crime has risen 33% since Lightfoot took office. Comparing 2022 crimes to 2019, murders are up […]
Read MoreU.S. DURABLE GOODS PLUNGED 4.5% IN JANUARY, LARGEST DECLINE SINCE COVID
[infogram id=”3d9cf308-302b-476e-8508-d542b6c5202a” prefix=”ijD” format=”interactive” title=”DURABLE GOODS 02272023″] Key Points: Orders for durable goods fell in January at the largest monthly rate since April 2020. Durable goods are products designed to last at least three years, such as computers and machinery. New orders for durable goods decreased 4.5% to $272.3 Billion in January from December, following […]
Read MoreCONSUMER PRICES JUMPED IN JANUARY ABOVE EXPECTATIONS
[infogram id=”e0864fe5-0a71-4e3e-a521-6bffc9fc7a76″ prefix=”uWF” format=”interactive” title=”PERSONAL SPENDING 02242023″] Key Points: U.S. consumer spending rose by 1.8%, or $312.5 Billion, in January, after falling 0.1% in January. Personal income increased by 0.6%, or $131.1 Billion, in January, up from 0.3% in December, but below the 0.9% consensus. The overall personal consumption expenditures price index rose 0.6% in […]
Read MoreINFLATION REMAINED STUBBORNLY HIGH IN JANUARY
[infogram id=”40b999fe-4688-4fc0-8ad9-3215e835b0c1″ prefix=”Dp1″ format=”interactive” title=”CPI CATEGORIES 02212023″] Key Points: The Consumer Price Index (CPI) rose 0.5% in January from December and is up 6.4% in the last year. The core CPI, which excludes food and energy, rose 0.4% in January and is up 5.6% from the previous year. The overall food index rose 10.1%, food […]
Read MoreHOME SALES FALL FOR 12TH STRAIGHT MONTH
[infogram id=”ff584de9-03ae-4c77-a9e6-493834199916″ prefix=”Ty2″ format=”interactive” title=”EXISTING HOME SALES SCORECARD 02212023″] Key Points: Existing-home sales fell for the twelfth straight month to a seasonally adjusted annual rate of 4.00 million. Existing-home sales fell 0.7% in January from December and 36.9% from one year ago. Consensus among economists was a 0.1% increase. The median existing-home sales price climbed […]
Read MoreREAL WAGES FELL 1.8% IN LAST YEAR
[infogram id=”a6777a62-a2a5-4536-8896-d6cfbbe3c87b” prefix=”6wt” format=”interactive” title=”REAL AVERAGE HOURLY EARNINGS V2 02152023″] Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. The Consumer Price Index (CPI) rose 0.5% in January from December and is up 6.4% in the last year. […]
Read MoreRETAIL SALES REBOUND IN JANUARY DESPITE INFLATION
[infogram id=”b06e6791-3cff-4ff5-adc8-08964c305eca” prefix=”EMY” format=”interactive” title=”RETAIL SALES 02152023″] Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose 3.0% in January from December after falling 1.1% last month. Consensus among economists was a 1.8% increase. January’s increase comes after two months of decline at the end of last year. Excluding autos, retail […]
Read MoreINFLATION ROSE 0.5% IN JANUARY, HIGHEST RATE SINCE OCTOBER
[infogram id=”c578be41-a4fb-41e9-9b73-ab66ee1f8754″ prefix=”xb1″ format=”interactive” title=”JANUARY CPI 02142023″] Key Points: The Consumer Price Index (CPI) rose 0.5% in January after falling 0.1% in December. CPI increased 6.4% from a year ago, down from 6.5% in December, and the lowest reading since October 2021. The rate of price increases remained above 5% for the twentieth straight month. […]
Read MoreU.S. ADDS 517K JOBS IN JANUARY, BEATING EXPECTATIONS
[infogram id=”5d215ae1-c75a-496e-9e7d-b64c9b64b9e6″ prefix=”GLh” format=”interactive” title=”JANUARY JOBS DAY 02032023″] Key Points: Total nonfarm payroll employment rose by 517,000 in January as the unemployment rate was little changed at 3.4%. Consensus among economists was a gain of 185,000 jobs. In January, the unemployed population was little changed at 5.7 million but there were 11 million job openings […]
Read MoreU.S. JOB OPENINGS ROSE TO 11 MILLION IN DECEMBER
[infogram id=”6f71d4ed-5ecc-4821-b2a2-19952600998e” prefix=”ezv” format=”interactive” title=”JOLTS VS UNEMPLOYED 02022023″] Key Points: The number of available jobs since May 2021 continues to outnumber Americans looking for work. The tight labor market has pushed total job openings to nearly double the available workers this year, but hiring has slowed amid a broader economic slowdown. Job openings rose by […]
Read MoreHOME PRICES FELL IN NOVEMBER FOR THE FIFTH STRAIGHT MONTH
[infogram id=”4c83786d-098e-4147-8855-7c1b1740d2a7″ prefix=”fG9″ format=”interactive” title=”S&P HOME PRICE INDEX 01312023″] Key Points: The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 7.7% in the year that ended in November, down from 9.2% in the previous month. This is the fifth straight month home prices […]
Read MoreU.S. HOUSEHOLDS CUT SPENDING IN DECEMBER
[infogram id=”2d4557e1-1eb8-4740-9bfc-141129208254″ prefix=”vlZ” format=”interactive” title=”PERSONAL SPENDING 01272023″] Key Points: U.S. consumer spending fell by 0.2%, or $41.68 Billion, in December, after November was revised to a 0.1% decline. Personal income increased by 0.2%, or $49.5 Billion, in December, down from 0.3% in November. The overall personal consumption expenditures price index rose 0.1% in December and […]
Read MoreUNION MEMBERSHIP HITS RECORD LOW
[infogram id=”5ea6a3d9-93da-46f2-9cb4-a600d7cfca20″ prefix=”fzo” format=”interactive” title=”UNION MEMBERSHIP 01232023″] Key Points: The share of U.S. workers who are members of unions fell to a record low last year even though unions added more members than in any year since 2008. Roughly 10.1% of wage and salary workers were union members last year, down from 10.3% in 2021. […]
Read MoreEXISTING HOME SALES FELL 34% FROM ONE YEAR AGO
[infogram id=”7a89a29e-37db-4aba-b0c2-53996fc2fec1″ prefix=”nkK” format=”interactive” title=”EXISTING HOME SALES SCORECARD 01202023″] Key Points: Existing-home sales fell for the eleventh straight month to a seasonally adjusted annual rate of 4.02 million. Existing-home sales fell 1.5% in December from November and 34.0% from one year ago. Consensus among economists was a 5.4% drop. The median existing-home sales price climbed […]
Read MoreU.S. RETAIL SALES FELL 1.1% IN DECEMBER, LARGEST DECLINE OF 2022
[infogram id=”52c77962-e304-4770-9c47-2c422e1e8ad7″ prefix=”ySy” format=”interactive” title=”RETAIL SALES 01192023″] Key Points: Retail sales, a measure of purchases at stores, restaurants and online, fell 1.1% in December from November. Consensus among economists was a 0.8% decline. December’s 1.1% decline comes after a November was revised down to a 1.0% loss. Retail sales fell three of the last four […]
Read MoreINFLATION SLOWED IN DECEMBER, PRICES UP 6.5% IN LAST YEAR
[infogram id=”4ce9745a-654c-40d1-b201-5ce41e203aa3″ prefix=”0sN” format=”interactive” title=”DECEMBER CPI 01122022″] Key Points: The Consumer Price Index (CPI) fell 0.1% in December. CPI increased 6.5% from a year ago, down from 7.1% in November, and the lowest reading since October 2021. The rate of price increases remained above 5% for the nineteenth straight month. The index for energy decreased […]
Read MoreDECEMBER HAD LOWEST JOB GAINS IN TWO YEARS
[infogram id=”ebd8c532-0194-4e52-a964-1e8d3ca17d94″ prefix=”PC5″ format=”interactive” title=”DECEMBER JOBS DAY V2 01092023″] Key Points: After two straight years of record-setting payroll growth following the pandemic-related disruptions, the labor market is starting to show signs of stress. Total nonfarm payroll employment rose by 223,000 in December, the smallest gain in two years. Average hourly earnings were up 4.6% in […]
Read MoreU.S. ADDS 223K JOBS IN DECEMBER
[infogram id=”e2e5d0d4-dd44-406d-bea0-dec151dcd481″ prefix=”z8o” format=”interactive” title=”DECEMBER JOBS DAY 01062023″] Key Points: Total nonfarm payroll employment rose by 223,000 in December as the unemployment rate edged down to 3.5%. Consensus among economists was a gain of 200,000 jobs. In December, the unemployed population fell to 5.7 million but there were 10.5 million job openings in November. Leisure […]
Read MoreCONSUMER SPENDING ROSE MODESTLY IN NOVEMBER
[infogram id=”b18a0ab2-5bf6-4f9e-9fff-70f567603dcd” prefix=”0pB” format=”interactive” title=”PERSONAL SPENDING 12232022″] Key Points: U.S. consumer spending rose by 0.1%, or $19.8 Billion, in November, down from 0.9% in October. Personal income increased by 0.4%, or $80.1 Billion, in November, down from 0.7% in October. The overall personal consumption expenditures price index rose 0.1% in November and is up 5.5% […]
Read MoreBUILDER CONFIDENCE DECLINED EVERY MONTH IN 2022
[infogram id=”c683eb19-6f52-49cd-a5e6-4e95c2a946e7″ prefix=”VJt” format=”interactive” title=”NAHB INDEX 12192022″] Key Points U.S. builder confidence fell again in December as the combination of high mortgage rates, elevated construction costs, and diminishing consumer demand due to the elevated home prices have dragged builder sentiment down for the entirety of 2022. The NAHB Housing Market index declined to a reading […]
Read MoreRETAIL SALES FELL SHARPLY IN NOVEMBER
[infogram id=”aae79496-b95e-44e1-ad16-ee1edf318a3b” prefix=”Gjp” format=”interactive” title=”RETAIL SALES 12152022″] Key Points: Retail sales, a measure of purchases at stores, restaurants and online, fell 0.6% in November from October. Consensus among economists was a 0.1% decline. November’s 0.6% decline comes after a 1.3% gain in October. Excluding autos, retail sales fell by 0.2% over the month. Retail sales […]
Read MoreINFLATION EASED IN NOVEMBER, PRICES UP 7.1% IN LAST YEAR
[infogram id=”c2309529-98ff-4d60-b8f8-6cfd952320d2″ prefix=”SEb” format=”interactive” title=”NOVEMBER CPI 12132022″] Key Points: The Consumer Price Index (CPI) rose 0.1% in November. CPI increased 7.1% from a year ago, down from 7.7% in October, and the lowest reading since December 2021. Consensus among economists was a 7.3% increase. The rate of price increases remained above 5% for the eighteenth […]
Read MoreHOUSEHOLD EMPLOYMENT SURVEY PAINTS A DIFFERENT PICTURE ON JOB GROWTH
[infogram id=”d8b17f5c-7271-4fcc-9e84-5f4c04cb9a4d” prefix=”NPC” format=”interactive” title=”HOUSEHOLD JOB SURVEY 12082022″] Key Points: BLS’s survey of households registered a decline in employment of 138,000 in November from October. While the survey of employers registered a gain of 263,000 jobs, this is a contrast with the household survey.
Read MoreWHOLESALE PRICES ROSE 0.3% IN NOVEMBER, ABOVE EXPECTATIONS
[infogram id=”d3312976-e5f7-4eb3-b837-496ecceaa741″ prefix=”bpT” format=”interactive” title=”PRODUCER PRICE INDEX 12092022″] Key Points: The Producer Price Index increased 0.3% in November from October. Consensus among economists was a 0.2% increase. The index rose 7.4% for the 12 months ended in November. Final demand prices moved up 0.4% in November, after increasing 0.1% in October. The index for final […]
Read MoreU.S. ADDS 263K JOBS IN NOVEMBER
[infogram id=”902d4071-b0ae-49fb-b324-8b78e0b2d2ab” prefix=”5HQ” format=”interactive” title=”NOVEMBER JOBS DAY 12022022″] Key Points: Total nonfarm payroll employment rose by 263,000 in November as the unemployment rate was unchanged at 3.7%. Consensus among economists was a gain of 200,000 jobs. In November, the unemployed population held steady at 6 million but there were 10.3 million job openings in October. […]
Read MoreCONSUMER SPENDING SPIKED IN OCTOBER AS INFLATION EASED
[infogram id=”d1202500-cbff-4a7c-bc3c-7c538c4e8e64″ prefix=”qRi” format=”interactive” title=”PERSONAL SPENDING 12012022″] Key Points: U.S. consumer spending rose by 0.8%, or $147.9 Billion, in October, up from 0.6% in September. Personal income increased by 0.7%, or $155.3 Billion, in October, up from 0.4% in September. The overall personal consumption expenditures price index rose 0.3% in October and is up 6.0% […]
Read MoreJOB OPENINGS FELL IN OCTOBER
[infogram id=”bb679a86-6ae4-430f-8f05-cfa6d51e5be5″ prefix=”6zS” format=”interactive” title=”JOLTS VS UNEMPLOYED 12012022″] Key Points: The number of available jobs since May 2021 continues to outnumber Americans looking for work. The tight labor market has pushed total job openings to nearly double the available workers this year, but hiring has slowed amid a broader economic slowdown. Job openings fell by […]
Read MoreRETAIL SALES ROSE 1.3% IN OCTOBER AHEAD OF HOLIDAY SEASON
[infogram id=”32972466-b6b3-4e6e-918b-832561259922″ prefix=”qvv” format=”interactive” title=”RETAIL SALES 11162022″] Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose 1.3% in October from September ahead of the holiday season while inflation slowed but prices remain high. Consensus among economists was a 1.0% gain. October’s 1.3% gain comes after no gains in September. Excluding […]
Read MoreSHELTER, FOOD, AND GASOLINE LED OCTOBER’S INFLATION
[infogram id=”923d7f2c-3d62-4e22-9aa3-4b17c680cc32″ prefix=”BIh” format=”interactive” title=”Copy: CPI CATEGORIES 10142022″] Key Points: The Consumer Price Index (CPI) rose 0.4% in October from September and is up 7.7% in the last year. The core CPI which excludes food and energy rose to 6.3% in October, down from 6.6% in September. The overall food index rose 10.9%, food at […]
Read MoreREAL WAGES HAVE FALLEN 2.8% IN LAST YEAR
[infogram id=”43e828be-3b3b-4cec-9eb0-2e1f7c36af02″ prefix=”aBM” format=”interactive” title=”REAL AVERAGE HOURLY EARNINGS V2 11102022″] Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. The Consumer Price Index (CPI) rose 0.4% in October from September and is up 7.7% in the last year. […]
Read MoreINFLATION EASED IN OCTOBER, PRICES UP 7.7% IN LAST YEAR
[infogram id=”961872be-3a5f-462a-9743-976e002b5bed” prefix=”849″ format=”interactive” title=”OCTOBER CPI 11102022″] Key Points: The Consumer Price Index (CPI) rose 0.4% in October, the same reading as September. CPI increased 7.7% from a year ago, down from 8.2% in September. Consensus among economists was an 8.2% increase. The rate of price increases remained above 5% for the seventeenth straight month. […]
Read MoreU.S. ADDS 261K JOBS IN OCTOBER, UNEMPLOYMENT RATE RISES TO 3.7%
[infogram id=”49f6f544-798e-4ec9-9075-971b10ceb924″ prefix=”bUM” format=”interactive” title=”OCTOBER JOBS DAY 11042022″] Key Points: Total nonfarm payroll employment rose by 261,000 in October as the unemployment rate rose to 3.7%. Consensus among economists was a gain of 200,000 jobs. In October, the unemployed population rose to 6 million but there were 10.7 million job openings in September. Employment in […]
Read MoreJOB OPENINGS ROSE, HIRING FELL IN SEPTEMBER
[infogram id=”395cb268-d1d7-4a47-9831-8ffec93690ea” prefix=”foj” format=”interactive” title=”JOLTS VS UNEMPLOYED 11012022″] Key Points: The number of available jobs since May 2021 continues to outnumber Americans looking for work. The tight labor market has pushed total job openings to nearly double the available workers this year, but hiring has slowed amid a broader economic slowdown. Job openings rose by […]
Read MoreU.S. CONSUMERS INCREASED SPENDING IN SEPTEMBER, CORE PRICES UP 5.1%
[infogram id=”7d8a8012-0777-409e-9176-ffcc47b266d5″ prefix=”Pip” format=”interactive” title=”PERSONAL SPENDING 10282022″] Key Points: U.S. consumer spending rose by 0.6%, or $113.0 Billion, in September, the same reading as August. Personal income increased by 0.4%, or $78.9 Billion, in September, the same reading as July and August. The overall personal consumption expenditures price index rose 0.3% in September and is […]
Read MoreU.S. HOME PRICES SLOWED IN AUGUST AT THE FASTEST PACE ON RECORD
[infogram id=”81a443b0-c05c-4d0b-9220-4bf8001911f0″ prefix=”Iy1″ format=”interactive” title=”S&P HOME PRICE INDEX 10252022″] Key Points: The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 13.0% in the year that ended in August, down from 15.6% in the previous month. The 2.6% decline in August from July is […]
Read MoreUNEMPLOYMENT RATES ROSE IN 9 STATES IN SEPTEMBER
[infogram id=”642f0c8e-28ed-4ff7-bdea-4eeea221741a” prefix=”nhI” format=”interactive” title=”SEPTEMBER STATE LEVEL UNEMPLOYMENT 10212022″] Key Points: Unemployment rates fell in 11 states and the District of Columbia, rose in 9 states, and remained stable in 30 states in September. The U.S. unemployment rate was slightly lower at 3.5% in September. 8 states and the District of Columbia have unemployment rates […]
Read MoreBUILDER CONFIDENCE DOWN 10 STRAIGHT MONTHS
[infogram id=”3cb91e8d-72e6-4fd5-a952-469079103be4″ prefix=”j46″ format=”interactive” title=”NAHB INDEX 10192022″] Key Points U.S. builder confidence fell again in October as the combination of rising interest rates, building material bottlenecks, and elevated home prices continue to weaken the housing market. The NAHB Housing Market index declined to a reading of 38 this month from 46 in September. This is […]
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