The Bureau of Labor Statistics has made some nice upgrades to their jobs report highlights. Always makes me laugh that “drinking places” is an official government stat. Interesting too: January marks 35 consecutive months without a job loss in this industry. Food services and drinking places recovered all the jobs it lost in the most recent recession, and employment is now 441,000 above its most recent peak reached in December 2007. Prohibition be damned. Booze and other vices obviously help the economy.
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- Flatter Home Prices.
- Pending Sales of Existing Homes down.
- The Federal Reserve
- Durable Goods Orders Recover.
- Purchase applcations up slightly but…
- A Mixed bag of Fundamentals.
- Chicago Fed Manufacturing: Growing but Slower.
- Is the Supply Side Failing?
- Consumer Sentiment, Leading Indicators down.
- Housing Starts down. Jobless Claims Remain Low.