U.S. Economic Developments

New U.S. Housing Starts Decline during December

01/18/18: Data released today by the U.S. Department of Commerce indicate that initial work on the construction of new, privately-owned homes (“new housing starts”) declined during December. Specifically, the Department of...

U.S. Industrial Production Accelerates during December

01/17/18: Data released today by the Federal Reserve indicate that industrial production at U.S. factories, mines and utilities accelerated during December, increasing by 3.6%, on a seasonally-adjusted basis, as compared to the...

U.S. Retail Sales Slow during December

01/12/18: Data released today by the U.S. Department of Commerce indicate that sales at U.S. retail stores slowed during December after increasing considerably over the three prior months. Specifically, the Department of...

U.S. Inflationary Pressures Moderate during December

01/11/18: U.S. inflationary pressures moderated during December, with the U.S. Department of Labor reporting today that producer prices rose last month at a slower pace than during the prior month. Specifically, the Department...

Small Business Optimism Declines during December

01/09/18: The National Federation of Independent Business reported today that its December survey of small business owners indicates that the economic optimism of those persons declined during December after rising during...

Non-farm Payrolls Decline on Big Drop in Retail Jobs

01/05/18: The U.S. Department of Labor reported today that only 148,000 non-farm jobs were created in the United States during December, on a seasonally-adjusted annual basis, as the country’s retail sector experienced 20,000...

U.S. Manufacturing Activity Accelerates during December

01/03/17: The Institute of Supply Management reported today that its December survey of purchasing managers at U.S. manufacturing companies indicates that manufacturing activity in the United States rose for the 16th consecutive...

Consumer Confidence Declines, Pending Home Sales Unchanged

12/27/17: The Conference Board reported today that its Consumer Confidence Index, which is based on monthly surveys of thousands of Americans regarding their job prospects, personal financial situations and expectations for the...

U.S. Economy Expands at Slower Pace than Estimated Previously

12/21/17: Data released today by the U.S. Department of Commerce indicate that the U.S. economy expanded at a slower pace for the quarter ended September 30, 2017 than the Department had estimated previously. Specifically, data...

New Housing Starts Rise for Second Consecutive Month

12/19/17: The U.S. Department of Commerce reported today that initial work on the construction of new privately-owned U.S. homes (new housing starts) rose, on a seasonally-adjusted basis, for the second consecutive month during...

U.S. Job Openings Fall Sharply

12/11/17: The U.S. Department of Labor reported today that the number of job openings at U.S. companies fell sharply during October, the latest month for which data are available. Specifically, the Department of Labor reported...

U.S. Employers Create 228,000 Non-farm Jobs during November

12/08/17: The U.S. Department of Labor reported today that, on a seasonally-adjusted basis, U.S. employers created 228,000 non-farm jobs during November, led by gains in the Education and Health Services industry (54,000) and...

U.S. Non-Manufacturing Activity Slows during November

12/05/17: The Institute of Supply Management (“ISM”) reported today that its November survey of purchasing managers at U.S. non-manufacturing companies indicates that economic activity in that sector of the U.S....

U.S. Factory Orders Decline, Manufacturing Activity Slows

12/04/17: The U.S. Department of Commerce reported today that new orders for goods produced by U.S. factories (factory orders) declined during October, the latest month for which data are available, after increasing during each...

U.S. Personal Spending Slows Substantially While Incomes Rise

11/30/17: Data released today by the U.S. Department of Commerce indicate that personal spending in the United States slowed substantially during October. Specifically, the Department of Commerce reported that, on an inflation-...

Consumer Confidence Rises to Highest Level in 18 Years

11/28/17: The Conference Board reported today that its Consumer Confidence Index, which is based on surveys of thousands of Americans regarding their job prospects, personal financial situations and expectations for the future...

U.S. New Home Sales Rise to Highest Level in Ten Years

11/27/17: Data released today by the U.S. Department of Commerce indicate that sales of new U.S. homes rose during October for the second consecutive month and to the highest level since October 2007. Specifically, the...

U.S. Durable Goods Orders Decline Slightly during October

11/22/17: The U.S. Department of Commerce reported today that new orders for long-lasting goods produced at U.S. factories – durable goods orders – declined slightly during October after increasing during each of the two prior...

U.S. Existing Home Sales Rise for Second Consecutive Month

11/21/17: Data released today by the National Association of Realtors (“NAR”) indicate that sales of previously-owned U.S. homes (existing home sales) rose for the second consecutive month during October. Specifically, the NAR...

U.S. Housing Starts Rebound Sharply during October

11/17/17: Data released today by the U.S. Department of Commerce indicate that initial construction on new U.S. homes (new housing starts) rose sharply during October after declining during each of the three prior months....

Small Business Optimism Index Rebounds Modestly

11/14/17 The National Federation of Independent Business reported today that its Small Business Optimism Index, which is based on monthly surveys of thousands of small business owners throughout the United States, rose modestly...

U.S. Economic Sentiment Worsens during Early November

11/10/17: The University of Michigan reported today that its early-November survey of Americans regarding their personal financial situations, job prospects and outlook for the U.S. economy worsened during the first two weeks of...

Productivity Increases Sharply While Unit Labor Costs Decline

11/02/17: Data released today by the U.S. Department of Labor indicate that business productivity – the output per hour of companies’ employees – rose sharply, while unit labor costs – business’s hourly labor costs to produce...

Personal Spending Rebounds Modestly as Incomes Stagnate

10/30/17: The U.S. Department of Commerce reported today that personal spending in the United States rebounded modestly during September after declining during the prior month. Specifically, the Department of Commerce reported...

Pending Home Sales Fall to Lowest Level since January 2015

10/26/17: The National Association of Realtors reported today that the number of contracts signed by prospective homebuyers to purchase a previously-owned U.S. home – pending home sales – declined during September to the lowest...

New Home Sales Rise to Highest Level since October 2007

10/25/17: The U.S. Department of Commerce reported today that sales of new U.S. homes rose sharply during September, increasing to the highest level since October 2007. Specifically, the Commerce Department reported that new...

Existing Home Sales Rebound Modestly during September

10/20/17: The National Association of Realtors (“NAR”) reported today that sales of previously-owned U.S. homes – existing home sales – rose modestly during September after declining during each of the three prior months....

U.S. Industrial Production Rebounds during September

10/17/17: The U.S. Department of Commerce reported today that industrial production at U.S. factories, mines and utilities rebounded during September, after declining during each of the two prior months, rising by 0.3%, as...

U.S. Producer Prices Rise during September

10/12/17: The U.S. Department of Labor reported today that the price of a broad group of raw materials, such as industrial metals, lumber and crude oil, rose during September, with its Producer Price Index increasing by 4.1%, as...

Mortgage Applications Fall for Fourth Consecutive Week

10/11/17: The Mortgage Bankers Association reported this morning that mortgage applications fell for the fourth consecutive week during the week ended October 6, declining by 2.1% as compared to the prior week. Home Sales Headed...

Small Business Optimism Falls Sharply during September

10/10/17: The National Federation of Independent Business reported today that its Small Business Optimism Index, which is based on surveys of hundreds of small business owners throughout the United States, fell sharply during...

U.S. Economy Experiences 33,000 Job Losses during September

10/06/17: The U.S. Department of Labor reported this morning that the U.S. economy experienced 33,000 job losses, on a seasonally-adjusted basis, during September. That’s the first time since September 2010 that the U.S. has...

U.S. Factory Orders Rebound during August

10/05/17: Data released today by the U.S. Department of Commerce indicate that new orders for goods produced by U.S. factories – factory orders – rebounded modestly during August, the latest month for which data are available....

U.S. Auto Sales Rise Sharply during September

10/03/17: AutoData Corporation reported today that sales of automobiles in the United States rose during September to the highest level since July 2005. Specifically, AutoData reported that U.S. auto sales rose last month by...

ISM Purchasing Managers Index Rises Sharply

10/02/17: The Institute of Supply Management (“ISM”) reported this morning that its September survey of purchasing managers at U.S. manufacturing companies indicates that manufacturing activity in the United States rose sharply...

Personal Spending Declines during August, as Incomes Fall

09/29/17: Data released today by the U.S. Department of Commerce indicate that Americans continued to rein in their spending today, as their incomes declined. Specifically, the Department of Commerce reported that, on an...

U.S. Second Quarter GDP Revised Slightly Higher

09/28/17: The U.S. Department of Commerce reported today that the United States’ economy grew at a slightly faster pace for the quarter ended June 30, 2017 than it had estimated previously. Specifically, the Department of...

New Home Sales Decline for Second Consecutive Month

09/26/17: The U.S. Department of Commerce reported today that sales of newly-constructed U.S. homes (“new home sales”) declined for the second consecutive month during August, with those sales falling to the lowest level since...

Existing Home Sales Decline for Third Consecutive Month

09/20/17: The National Association of Realtors (“NAR”) reported this morning that sales of previously-owned U.S. homes – existing home sales – declined for the third consecutive month during August. Specifically, the NAR...

New U.S. Housing Starts Decline for Second Consecutive Month

09/19/17: Data released today by the U.S. Department of Commerce indicate that initial construction on new, privately-owned U.S. homes – new housing starts – declined for the second consecutive month during August after peaking...

Initial Claims for Unemployment Benefits Rise Sharply

09/14/17: Data released today by the U.S. Department of Labor indicate that initial claims for unemployment benefits rose over the past two weeks to the highest level since the week ended April 18, 2015. On a four-week moving...

U.S. Non-Manufacturing Sector Rebounds Modestly during August

09/06/17: The Institute of Supply Management (“ISM”) reported today that its August survey of executives at U.S. non-manufacturing companies indicates that economic activity in the services sector of the U.S. economy rebounded...

U.S. Employment Situation Mixed, Job Creation Declines

09/01/17: Data released today by the U.S. Department of Labor indicate that U.S. employers created a fewer number of jobs for the second consecutive month during August. Specifically, the Department of Labor reported that U.S....

U.S. Economy Grows at a Faster Pace than Estimated Previously

08/30/17: Data released today by the U.S. Department of Commerce indicate that the U.S. economy expanded at a faster pace during the second quarter of this year than the Department had estimated previously. Specifically, the...

U.S. Durable Goods Orders Fall Sharply during July

08/25/17: The U.S. Department of Commerce reported today that new orders for durable goods manufactured at U.S. factories fell sharply during July after rising sharply during June. Specifically, the Department of Commerce...

Existing Home Sales Decline for Second Consecutive Month

08/24/17: The National Association of Realtors reported today that sales of previously-owned U.S. homes – existing home sales – declined for the second consecutive month during July, falling by 1.3%, as compared to the prior...

U.S. Retail Sales Rise at Fastest Rate since January

08/15/17: The U.S. Department of Commerce reported today that sales at U.S. retail stores rose during July at the fastest year-over-year rate since January, increasing by 2.5%, as compared to the same month a year ago. Excluding...

ISM Non-Manufacturing Index Declines Sharply during July

Economic Activity Slows in U.S. Non-Manufacturing Sector 8/03/17: The Institute of Supply Management reported today that its July survey of executives at U.S. non-manufacturing companies indicates that economic activity in that...

Latest Economic Statistics Indicate U.S. Economy is Weakening

08/01/17: The latest readings on some key economic indicators for the United States suggest that the country’s economy is weakening and that its pace of economic growth will slow over the next couple of months. For example, the...

Chicago Business Barometer Declines Sharply during July

07/31/17: MNI Indicators reported today that its Chicago Business Barometer™, which is based on surveys of purchasing managers at Chicago-area manufacturing companies and designed to predict future changes in the United States’...

New Orders for Durable Goods Increase during June

07/2717: The U.S. Department of Commerce reported today that new orders for U.S. durable goods, such as home appliances, furniture and office equipment, rose sharply during June, after declining during each of the two prior...

Americans’ Economic Sentiment Improves during July

07/25/17: The Conference Board reported today that its Consumer Confidence Index, which is based on a monthly survey of Americans’ assessment of current economic conditions and their expectations for the direction of the U.S....

New Housing Starts Rebound during June

07/19/17: The U.S. Department of Commerce reported today that initial work on the construction of new single-family U.S. homes – new housing starts – rebounded modestly during June after declining during each of the three prior...

U.S. Housing Market Showing Signs of Further Weakening

07/18/17: Data released today by the National Association of Home Builders (“NAHB”) indicate that the U.S. housing market will continue to weaken over the next couple of months, with the NAHB reporting that its housing market...

New York Area Manufacturing Activity Slows Substantially

07/17/17: Data released today by the Federal Reserve Bank of New York regarding its mid-July survey of manufacturing executives in the tri-state area of New York, Connecticut and northern New Jersey indicate that manufacturing...

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