Author Archive

Is the Supply Side Failing?

Is the Supply Side Failing? A question we should be seeking the answer to is “Why has economic growth been so puny lately?” We had the Great Recession which was caused by the government’s insistence that home loan lenders lower their lending standards so that more folks could afford to own a home. Banks and […]

Consumer Sentiment, Leading Indicators down.

Leading Indicators (June 2014) – Leading Indicators month/month +0.3%.  Previous was +0.7%. This is a rehash of 10 other pieces of data and has, for some time, merely reflected the Federal Reserve policy of increasing money supply and keeping rates low. University of Michigan Consumer Sentiment (July 2014) – Consumer Sentiment 81.3.  Previous was 82.5. […]

Housing Starts down. Jobless Claims Remain Low.

Housing Starts  (June 2014) – Starts (seasonally adjusted, annualized) 893,000. Previous revised down to 985,000 – Permits (seasonally adjusted, annualized) 963,000. Previous revised up to 1,038,000. This is disappointing data.   Jobless Claims  (week ended 7/12/2014) – Initial Claims (seasonally adjusted) 302,000. Previous was 305,000 – Initial Claims (unadjusted)  totaled 369,591an increase of 47,079 from […]

PPI up, Mortgage Applications down.

MBA Mortgage Applications (week ended 7/11/2014)   – Purchase Index Week/Week -8.0%. Previous weeks were +4.0%, -1.0%, -1.0%. -5.2%, +9.0%, -4.0%, -1.0%, -3.0%, -1.0%, +9.0%, -4.0%, and -3.0%. – Refinance Index Week/Week -0.1%. Previous weeks were +0.4%, +0.1%, -1.0%, -13.0%, +11.0%, -3.0%, -1.0%, +4.0%, +7.0%, +2.0%, and -7.0%. – Composite Index Week/Week -3.6%. Previous weeks […]

Flat Data.

ICSC-Goldman Chain Store Sales (week ended 7/12/2014) – Store Sales week/week +0.1%. Previous was +1.7% – Store Sales year/year +4.5%. Previous was +3.3% Redbook Chain Store Sales (week ended 7/12/2014) – Store Sales year/year +4.1%. Previous was +6.0%. Retail Sales (June 2014) – Retail Sales month/month +0.2%. Previous revised to +0.5% – Retail Sales less […]

Initial Jobless down but…

Initial Jobless Claims (week ended 7/5/2014) – Initial Claims (seasonally adjusted) 304,000. Previous was 315,000 – Initial Claims (unadjusted) totaled 322,248 an increase of 16,542 (or +5.4 percent) from the previous week – 4-week Moving Average 311,500 Initial Jobless Claims have been low but if we look inside last week’s BLS Employment Situation Report 288,000 […]

Mortgage Applications up 1st Time in 4 Weeks.

MBA Mortgage Applications (week ended 7/4/2014) – Purchase Index Week/Week +4.0%. Previous weeks were -1.0%, -1.0%. -5.2%, +9.0%, -4.0%, -1.0%, -3.0%, -1.0%, +9.0%, -4.0%, -3.0%, and +1.0%. – Refinance Index Week/Week +0.4%. Previous weeks were +0.1%, -1.0%, -13.0%, +11.0%, -3.0%, -1.0%, +4.0%, +7.0%, +2.0%, -7.0%, and -4.0%. – Composite Index Week/Week +1.9%. Previous weeks were […]

June BLS: 827,000 fewer people working full-time

This is my monthly look inside the BLS Employment Situation Report. There are two BLS Surveys: the Establishment and the Household. Establishment surveys about 141,000 businesses and government agencies, representing approximately 486,000 individual worksites. It is taken each month during the week which includes the 12th of the month. Household is a survey of 60,000 […]

Job Openings up.

ICSC-Goldman Store Sales  (week ended 7/5/2014) – Store Sales week/week +1.7%. Previous was +1.0% – Store Sales year/year +3.3%. Previous was +4.6%   Redbook (week ended 7/5/2014) – Store Sales year/year +6.0%. Previous was +3.1%. There may have been more shopping as a hurricane approached the East Coast.   JOLTS (May 2014) This is The […]

95.5% on Gain in Jobs is in Part-time Jobs

BLS Employment Situation Report (June 2014) – Nonfarm Payrolls month/month  +288,000. Previous was +217,000 – Part-time Jobs +275,000.  This is 95.5% of the gain in jobs. – Labor Participation Rate 62.8%. Previous was 62.8% – Unemployment Rate 6.1%. Previous was 6.3% – Average Hourly Earnings month/month +0.2% – Average Workweek  34.5 hours A  very mediocre […]

 
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