Consumer Sentiment Begins 2022 with a Drop
The final January results from the University of Michigan Surveys of Consumers show overall consumer sentiment fell for the sixth...
Robert Hughes
Core Capital-Goods Orders Hold at a Record High Level
New orders for durable goods decreased in December, falling 0.9 percent following a strong 3.2 percent gain in November. Total...
Inventory Accumulation Boosts Real GDP Growth in the Fourth Quarter
Real gross domestic product increased at a 6.9 percent annualized rate in the fourth quarter, up from a 2.3 percent...
Weekly Initial Claims for Unemployment Benefits Fell in the Latest Week
Initial claims for regular state unemployment insurance decreased by 30,000 for the week ending January 22, coming in at 260,000...
New Single-Family Home Sales Jump but Prices Sink
Sales of new single-family homes posted a gain in December, jumping 11.9 percent to 811,000 at a seasonally-adjusted annual rate...
Consumer Confidence Softened in January
The Consumer Confidence Index from The Conference Board fell in January but remains at a historically favorable level overall. The...
Existing Home Sales Fell in December and Supply Remains Extremely Tight
Sales of existing homes decreased 6.0 percent in December, to a 6.10 million seasonally adjusted annual rate. Sales are down...
Weekly Initial Claims for Unemployment Benefits Rise for a Third Consecutive Week
Initial claims for regular state unemployment insurance increased by 55,000 for the week ending January 15, coming in at 286,000...
Housing Permits Were Hot in December but Rising Mortgage Rates May Cool Them Off
Total housing starts rose to a 1.702 million annual rate in December from a 1.678 million pace in November, a...
Manufacturing Output Fell Slightly in December
Industrial production fell 0.1 percent in December following strong gains in October and November. Despite the small setback, output remains...
Retail Spending Fell Sharply in December
Retail sales and food-services spending sank 1.9 percent in December following a 0.2 percent gain in November and a strong...
Weekly Initial Claims for Unemployment Benefits Rise to the Highest Level Since November
Initial claims for regular state unemployment insurance increased by 23,000 for the week ending January 8, coming in at 230,000...
