Robert Hughes
Mixed Details Behind Big Unemployment Rate Drop
A mixed November jobs report suggests the economic expansion continues to grind ahead and the labor market continues to tighten, but wage growth faltered.
As 2016 Ends, Big Economic News Awaits
The Thanksgiving holiday is over and the final month of 2016 is approaching. The coming week brings a crowded list of important economic events, and beyond it, some big economic news to watch in December.
Existing Home Sales Keep Rising
We received more data this morning that show the housing market with continued upward momentum.
Jobs Report Shows a Continuing Economic Expansion
A moderately upbeat October jobs report suggests the economic expansion continues to grind ahead and the labor market continues to tighten. The October gains in jobs and wages suggest the economy is maintaining positive momentum in the early part of the fourth quarter.
Rising Wages a Positive Sign Heading into Holidays
The preliminary estimate for personal income for the third quarter shows a 3.9 percent increase, the same pace as in the second quarter, according to new data released by the Bureau of Economic Analysis this morning. These are solid though not spectacular gains.
Mixed Signals from Today’s Durable Goods Report
Today’s report from the Department of Commerce on new orders and shipments of durable goods sent mixed signals on the state of the economy and outlook for third quarter GDP.
New Home Sales Tick Upward in September
Sales of new single-family homes rose 3.1 percent in September to a pace of 593,000 homes, from a downward revised 575,000 pace in August (see chart). Though new home sales […]
Ask the Economist: Hours Worked and Wage Growth
Kevin C. Donnelly asks: “Where does the data suggest the average American is in terms of work hours a week and wage growth less inflation, and what does that mean […]
Gasoline, Housing Push Up Cost of Living
Inflation trends tend to evolve slowly, though individual components like energy prices or food prices can be volatile month to month. There are three key points to note from the […]
Our Economic Index Moves Into Positive Territory
Our index of leading indicators moved back above 50 for the first time since January, reflecting a more positive tilt to recent economic data. That’s according to our October edition […]
