Existing Home Sales Fell in February but Supply Remains Extremely Tight
Sales of existing homes decreased 7.2 percent in February, to a 6.02 million seasonally adjusted annual rate. Sales are down...
Robert Hughes
Manufacturing Output is Solidly Above Pre-pandemic Levels
Industrial production gained 0.5 percent in February despite a reversal of the weather-related surge in utility output in January. The...
Housing Permits Remained at a High Level in February but Builder Sentiment Fell in March
Total housing starts rose to a 1.769 million annual rate in February from a 1.657 million pace in January, a...
Weekly Initial Claims for Unemployment Benefits Fell Slightly, Remain Very Low
Initial claims for regular state unemployment insurance fell by 15,000 for the week ending March 12, coming in at 214,000...
Rising Prices Boost Retail Sales in February
Retail sales and food-services spending rose 0.3 percent in February following a 4.9 percent surge in January (see first chart)....
Household Net Worth Hits a Record While Corporate Balance Sheets Improve
Household net worth rose to a new record in the fourth quarter of 2021. Household net worth totaled $150.3 trillion,...
Consumer Sentiment Fell Again in Early March
The preliminary March results from the University of Michigan Surveys of Consumers show overall consumer sentiment fell again in early...
Weekly Initial Claims for Unemployment Benefits Hover Around Pre-Pandemic Levels
Initial claims for regular state unemployment insurance ticked up by 11,000 for the week ending March 5, coming in at...
Gas and Groceries Drive AIER’s Everyday Price Index Sharply Higher in February
AIER’s Everyday Price rose 1.3 percent in February after jumping 1.0 percent in January. From a year ago, the Everyday...
Private-Sector Job Openings Fell Slightly in January but Remain Near the Record High
The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job...
AIER Leading Indicators Index Posts Sudden Drop, Risks Rise
Summary AIER’s Leading Indicators Index posted a surprising 17-point drop in February, more than erasing the solid 13-point gain in...
Private Payrolls Post Another Strong Gain, Adding 654,000 Jobs in February
U.S. nonfarm payrolls added 678,000 jobs in February, extending a run of 10 consecutive months and 13 of the last...
