Robert Hughes

Payrolls Recovery Stumbles in November

“Payrolls posted a disappointing gain in November. While the outlook is for continued recovery, difficulties hiring may restrain output growth, sustaining upward price pressures for a prolonged period.” ~ Robert Hughes

Employment

Unit Auto Sales Struggle as Shortages Continue

“Light-vehicle sales fell again in November, remaining well below the pre-pandemic range. Component shortages continue to disrupt production causing record low inventories and surging prices.” ~ Robert Hughes

Strong Demand Continues for the Manufacturing Sector

“Demand for manufactured goods remained very strong in November. Labor difficulties, materials shortages, and logistical issues continue to restrain supply and pressure prices, but there may be early hints of progress on some issues.” ~ Robert Hughes

manufacturing

Consumer Confidence Edged Lower in November

“Consumer attitudes fell back slightly as inflation fears continued to mount and new waves of Covid cases unsettled consumers. Continued expansion remains the likely course, but threats remain elevated.” ~ Robert Hughes

Corporate Profits Hit a Record High in the Third Quarter

“Corporate profits hit a record high despite a tight labor market and rising input costs. Companies may be not only passing along higher costs to consumers, but also taking advantage of consumers’ willingness to pay higher prices and boosting profit margins.” ~ Robert Hughes