Wednesday, October 22, 2014
Inquirer Daily News

POSTED: Tuesday, October 21, 2014, 12:43 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  September Existing Home Sales

KEY DATA:  Sales: +2.4%; 1-Family: +2%; Condos: +5.2%; Median Prices (Year-over-Year): +5.6%

IN A NUTSHELL:  The housing market continues to improve though without much exuberance.”

Joel L. Naroff @ 12:43 PM  Permalink | 0 comments
POSTED: Friday, October 17, 2014, 1:01 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  September Housing Starts and Permits

KEY DATA:  Starts: +6.5%; 1-Family: +1.1%; Permits: +1.5%; 1-Family: -0.5%

IN A NUTSHELL:  “Builders keep putting those shovels in the ground and that is another sign that what happens on Wall Street probably just happens only on Wall Street.”

Joel L. Naroff @ 1:01 PM  Permalink | 0 comments
POSTED: Thursday, October 16, 2014, 4:13 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  September Industrial Production and Weekly Jobless Claims

KEY DATA: IP: +1.0%; Manufacturing: +0.5%/Claims: 264,000 (down 23,000)

IN A NUTSHELL:  “Manufacturing is strong and with jobless claims at the lowest level in over fourteen years, it is clear that the economy and Wall Street are in different worlds.” 

Joel L. Naroff @ 4:13 PM  Permalink | 0 comments
POSTED: Wednesday, October 15, 2014, 3:51 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  September Retail Sales and Producer Price Index

KEY DATA: Sales: -0.3%; Vehicles: -0.8%/PPI: -0.1%; Goods: -0.2%; Services: -0.1%

IN A NUTSHELL:  “It looks like consumers have pulled back and while declining energy costs should help, there are questions about how strong growth will be going forward.”

Joel L. Naroff @ 3:51 PM  Permalink | 0 comments
POSTED: Friday, October 10, 2014, 4:22 PM

INDICATOR:  September Import and Export Prices

KEY DATA: Imports: -0.5%; Excluding Fuel: -0.1%; Exports: -0.2%; Farm: -0.9%

IN A NUTSHELL:  “With energy prices cratering and the dollar strengthening, it is not a surprise that import costs are on the way down.”

Joel L. Naroff @ 4:22 PM  Permalink | 0 comments
POSTED: Tuesday, October 7, 2014, 12:49 PM
People browse booths at a military veterans' job fair in Carson, California October 3, 2014. (Lucy Nicholson / (REUTERS)

INDICATOR: August JOLTS report and September Employment Trends Index

KEY DATA: Openings: +235,000; Hires: -294,000; Quits: -74,000/ETI: +0.3%; Year-over-Year: +6.1%

IN A NUTSHELL: "There are lots of openings but firms still seem to be reluctant to hire."

Joel L. Naroff @ 12:49 PM  Permalink | 0 comments
POSTED: Friday, October 3, 2014, 1:55 PM
People browse booths at a military veterans' job fair in Carson, California October 3, 2014. U.S. employers ramped up hiring in September and the jobless rate fell to a six-year low, bolstering bets the Federal Reserve will hike interest rates in mid-2015. Friday's report on employment is the most significant gauge of the economy's health ahead of Nov. 4 congressional elections. (REUTERS)

INDICATOR:  September Employment Report

KEY DATA: Payrolls: +248,000; Private: +236,000; Unemployment Rate: 5.9% (down 0.2 percentage point); Hourly Wages: down $0.01

IN A NUTSHELL:  ““Firms are hiring but that has yet to translate into any increase in wages.”

Joel L. Naroff @ 1:55 PM  Permalink | 0 comments
POSTED: Thursday, October 2, 2014, 2:12 PM
wanted ((stock photo))

INDICATOR:  September Challenger Layoff Announcements and Weekly Jobless Claims

KEY DATA: Layoffs: down 23.8%; Jobless Claims: 287,000 (down 8,000)

IN A NUTSHELL:  “With layoffs nearing a 17 year low and jobless claims at historically low levels, the logical next step is for hiring to surge.”

Joel L. Naroff @ 2:12 PM  Permalink | 0 comments
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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