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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- New Home Sales at Highest Level since 2008.
- Supply Side Sluggish.
- Existing Home Sales up.
- Fundamentals Modestly Positive.
- Drop in Purchase Mortgage Applications.
- Housing Starts/Industrial Production up but Still Weak.
- Housing Market Index Shows Continued Growth.
- Retail Sales Show Sign of Recovering.
- Initial Jobless Claims up.
- Purchase Applications up Slightly.