Thursday, August 21, 2014
Inquirer Daily News

POSTED: Monday, August 18, 2014, 4:28 PM
A Toll Bros. home in Colo. (Rick Wilking / Reuters)

INDICATOR: August National Association of Home Builders Index

KEY DATA: Housing Market Index: 55 (up 2 points)

IN A NUTSHELL: "Builders may not be irrationally exuberant but the rise in confidence is an indication that the housing market is getting better."

Joel L. Naroff @ 4:28 PM  Permalink | 0
POSTED: Friday, August 15, 2014, 10:33 AM
Workers put finishing touches on an Indian Roadmaster motorcycle at the end of the assembly line at the Polaris Industries factory on August 8, 2014 in Spirit Lake, Iowa. (Scott Olson / Getty Images)

INDICATOR: July Industrial Production and Producer Prices

KEY DATA: IP: +0.4%; Manufacturing: +1%; PPI: +0.1%; Goods less Food and Energy: +0.2%

IN A NUTSHELL: "With manufacturers ramping up production, it is clear the economy is accelerating, but it is doing so without any major inflation pressures."

Joel L. Naroff @ 10:33 AM  Permalink | 0
POSTED: Wednesday, August 13, 2014, 10:35 AM
((istock photo))

INDICATOR: July Retail Sales

KEY DATA: Total Sales: 0.0%; Excluding Vehicles: +0.1%

IN A NUTSHELL: "The consumer has taken a holiday from shopping."

Joel L. Naroff @ 10:35 AM  Permalink | 0
POSTED: Tuesday, August 12, 2014, 3:21 PM

INDICATOR: June Job Openings and Labor Turnover Survey

KEY DATA: Openings: +94,000; Hires: +92,000; Quits: +48,000; Layoffs: -32,000

IN A NUTSHELL: "Businesses are hiring and people are quitting, two clear signs that the labor market is firming."

Joel L. Naroff @ 3:21 PM  Permalink | 0
POSTED: Friday, August 8, 2014, 2:59 PM
Ford worker Dan Fortune performs a door install on a new 2014 Ford F-150 truck on the assembly line at the Ford Dearborn Truck Plant in Dearborn, Michigan. (Bill Pugliano / Getty Images)

INDICATOR: Second Quarter Productivity and Costs

KEY DATA: Productivity: +2.5%; Output: +5.2%; Real Hourly Compensation: +0.1%; Unit Labor Costs: 0.6%

IN A NUTSHELL: "Productivity rebounded, keeping business costs low as wage gains remain largely under control."

Joel L. Naroff @ 2:59 PM  Permalink | 0
POSTED: Tuesday, August 5, 2014, 1:22 PM

INDICATOR: Supply Managers' Non-Manufacturing Index

KEY DATA: ISM: +2.7 points; Orders: up 3.7 points: Employment: +1.6 points

IN A NUTSHELL: "The services sector is bouncing back rapidly and since that is the largest part of the economy, it looks as if strong growth is just about here."

Joel L. Naroff @ 1:22 PM  Permalink | 0
POSTED: Thursday, July 31, 2014, 3:54 PM
((istock photo))

INDICATOR: Second Quarter Employment Cost Index and Weekly Jobless Claims

KEY DATA: ECI (Private, Year-over-Year)): +2.0%; Wages: +1.8%; Benefits: +2.5%/Claims: 302,000 (up 23,000)

IN A NUTSHELL: "Wage and benefits pressures are barely starting to accelerate even as the labor market continues to strengthen."

Joel L. Naroff @ 3:54 PM  Permalink | 0
POSTED: Wednesday, July 30, 2014, 3:35 PM
Morning commuters drive past the Federal Reserve Bank building in Washington March 18, 2009. (Jonathan Ernst / Reuters File Photo)

Indicator: July 29, 30 '14 FOMC Meeting

In a Nutshell: "...a range of labor market indicators suggests that there remains significant underutilization of labor resources."

Rate Decision: Fed funds rate maintained at a range between 0% and 0.25%

Joel L. Naroff @ 3:35 PM  Permalink | 0
About this blog
Joel L. Naroff is the president and founder of Naroff Economic Advisors, a strategic economic consulting firm in Bucks County. He advises companies across the country on the risks and opportunities that economic developments may have on the organization’s operating environment. An accomplished public speaker, Joel’s humor and unique ability to make economics understandable have brought him a wide following. Reach Joel at joel@naroffeconomics.com .

Joel Naroff
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