Tag Archives: Economic Alert

December 2014 U.S. Employment

Another Strong Month for Job Creation, Unemployment Rate Falls to 5.6 Percent The December Payroll Employment Survey showed a gain of 252,000 payroll jobs. The Unemployment Rate for December dropped to 5.6 percent. Average Weekly Hours for all employees were … Continue reading

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November Home Sales, Income and Spending, Durable Goods Orders, Q3 GDP

Naughty and Nice, Home Sales Stutter but GDP Roars Ahead New Home Sales for November declined by 1.6 percent to an annual rate of just 438,000 units. November Existing Home Sales fell by 6.1 percent, to a 4,930,000 unit annual … Continue reading

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November Leading Indicators, CPI, December UI Claims, Fedspeak

Solid Economic Data Supports Another Step in the Fed’s Pivot The Leading Economic Index for November gained 0.6 percent. The Consumer Price Index for November fell by 0.3 percent with lower gasoline prices. Initial Claims for Unemployment Insurance fell by … Continue reading

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November Residential Construction, Industrial Production, December Rig Count

 Home Construction Dips, MF Output Surpasses Pre-Recession Peak November Housing Starts dipped by 1.6 percent to a 1,028,000 unit annual rate. Permits for new residential construction fell in November by 5.2 percent to a 1,035,000 unit pace. The Industrial Production … Continue reading

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November Retail Sales, October Inventories, December UI Claims

Autos Set the Pace for Strong Retail Sales November Retail Sales increased by 0.7 percent, boosted by surging auto sales. Ex-auto Retail Sales gained 0.5 percent. Most categories were up. Service station sales dropped. Business Inventories for October were up … Continue reading

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November U.S. Employment

Blowout Month for Payrolls, Up 321,000, Unemployment Rate Steady at 5.8 Percent The November Payroll Employment Survey showed a robust gain of 321,000 payroll jobs. The Unemployment Rate for November held steady at 5.8 percent. Average Weekly Hours for all … Continue reading

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October Consumer Prices, Existing Home Sales, Leading Indicators, November UI Claims

Low Oil Prices Dampen Consumer Inflation, Indicators Cruising into Q4 The October Consumer Price Index was unchanged as lower energy prices were met by higher air fares. The October Core CPI gained 0.2 percent, and was up 1.8 percent over … Continue reading

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October Residential Construction, Producer Prices

Home Construction Still Range Bound, but Builder Sentiment Improves October Housing Starts decreased by 2.8 percent to a 1,009,000 unit annual rate. Permits for new residential construction increased in October by 4.8 percent to a 1,080,000 unit pace. The Producer … Continue reading

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October Industrial Production, Empire State Survey

Production Eases on Utilities and Mining Industrial Production for October eased by 0.1 percent as utility and mining output dropped. The Empire State Manufacturing Survey increased in November to 10.2. Total industrial production for October eased by 0.1 percent despite … Continue reading

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October U.S. Employment

Labor Market Metrics Continue to Improve The October Payroll Employment Survey showed a gain of 214,000 payroll jobs. The Unemployment Rate for October dropped to 5.8 percent. Average Weekly Hours for all employees increased by one-tenth to 34.6 hours in … Continue reading

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