October 11, 2021 — Jobs Numbers Disappoint While Unemployment Falls

OCTOBER 11, 2021 – JOBS NUMBERS DISAPPOINT WHILE UNEMPLOYMENT FALLS The US economy added 194,000 new jobs in September, the slowest gain of this year, while the unemployment rate fell to 4.8 percent as many workers stopped looking for work. The delta variant of the corona virus is putting a damper on economic growth.  The 194,000 new jobs are the …

October 4, 2021 — Surge in SPending Signals a Sustained Recovery

OCTOBER 4, 2021 – SURGE IN SPENDING SIGNALS A SUSTAINED RECOVERY US consumer spending rose in August signaling the economy is picking up as we head into the fall and winter.  Spending on goods and services was up 0.8 percent in August after a 0.1 percent decline in July.  Personal income also rose in August by 0.2 percent as a …

September 27, 2021 — The Fed Signals Timing of Future Rate Hikes

SEPTEMBER 27, 2021 – THE FED SIGNALS TIMING OF FUTURE RATE HIKES At their meeting last week, the Federal Reserve signaled it could raise rates by 6-7 times by the end of 2024.  They are optimistic the covid pandemic will abate and the economy will improve substantially over the next few years.   They are still holding rates at zero for …

September 20, 2021 — The US Economy is Showing Toughness

SEPTEMBER 20, 2021 – THE US ECONOMY IS SHOWING TOUGHNESS It seems the economy is not ready to cede to the delta variant of the virus that has taken hold.  Retail sales were up 0.7 percent in August, recovering from a drop in July. While initial jobless claims, up last week by 20,000, remain close to a pandemic low.  Some …

September 13, 2021 — Initial Claims Fall to Lowest Since February 2020

SEPTEMBER 13, 2021 – INITIAL JOBLESS CLAIMS FALL TO LOWEST SINCE FEBRUARY 2020 Initial US jobless claims fell to a pandemic era low last week coming at 310,000.  The four-week average at 339,500 is also a pandemic low. This is good news, as it means employers are not laying off workers in light of the delta variant taking off across …

September 7, 2021 — Job Growth Decelerates in Run Up to Fed’s Monthly Meeting

SEPTEMBER 7, 2021 – JOB GROWTH DECELERATES IN RUN UP TO FED’S MONTHLY MEETING The virus’ delta variant is having a negative effect on the economic recovery.  The US economy added 235,000 new jobs in August, far short of the 720,000 expected by economists.  For comparison, 1.1 million jobs were created in July and 962,000 in June.  However, the unemployment …

August 30, 2021 — Fed’s Annual Symposium: No Policy Change Timeline Given

AUGUST 30, 2021 – FED’S ANNUAL SYMPOSIUM: NO POLICY CHANGE TIMELINE GIVEN On Friday, at the Federal Reserve’s annual symposium, Fed Chair Jerome Powell was non-committal on the timing of monetary policy changes.  His comments were dovish, saying the Fed is inclined to take a wait and see approach before adjusting policy and tapering asset purchases.  “Today with slack remaining …

August 23, 2021 –Jobless Claims Fall to Pandemic Era Lows

AUGUST 23, 2021 – JOBLESS CLAIMS FALL TO PANDEMIC ERA LOWS Jobless claims hit post-pandemic low falling for the fourth week in a row indicating the job market is recovering.  Employers are hiring to meet a surge in demand. The Labor Department reported jobless claims fell to 348,000 last week, and the 4-week average claims is also a pandemic low.  …

August 16, 2019 — Inflation Remains Strong in July

AUGUST 16, 2019 – INFLATION REMAINS STRONG IN JULY Inflation remained high in July as the recovery continued; consumer prices rose 5.4 percent from a year ago.  This is the highest 12-month increase since 2008.  However, on a monthly basis, inflation rose 0.5 percent in July from June, almost half the 0.9 percent increase in June from May, but still …

August 9, 2021 — Unemployment Rate Falls as the Economy Adds Jobs

AUGUST 9, 2021 – UNEMPLOYMENT RATE FALLS AS THE ECONOMY ADDS JOBS The labor market took off last month with the US economy adding 943,000 new jobs, as the July unemployment rate fell to 5.4 percent.  This was the best gain in eleven months and the unemployment fell 0.5 percent from June to the lowest level since the pandemic began.  …