Sunday, December 21, 2014

POSTED: Thursday, December 18, 2014, 3:52 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:  FOMC Commentary, November Leading Indicators, December Philadelphia Fed Survey, Jobless Claims

KEY DATA:  Leading Indicators: +0.6%/Philadelphia Fed: 24.5 (-16.3 points)/Jobless Claims: 289,000 (down 6,000)

IN A NUTSHELL:  “The housing sector may not be restraining growth, but it is hardly adding much to it.”

Joel L. Naroff @ 3:52 PM  Permalink | 0 comments
POSTED: Tuesday, December 16, 2014, 11:33 AM
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:  November Housing Starts and Permits

KEY DATA: Starts: -1.6%; 1-Family: -5.6%; Multi-Family: +6.7%; Permits: -5.2%; 1-Family: -1.2%; Multi-Family: -11%

IN A NUTSHELL:  “The housing sector may not be restraining growth, but it is hardly adding much to it.”

Joel L. Naroff @ 11:33 AM  Permalink | 0 comments
POSTED: Friday, December 12, 2014, 3:43 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:  November Wholesale Prices

KEY DATA: PPI: -0.2%; Goods: -0.7%; Energy: -3.1%; Services: +0.1

IN A NUTSHELL:  “With business costs well contained and consumer confidence rising, maybe even the Fed members will start feeling good about the economy.”

Joel L. Naroff @ 3:43 PM  Permalink | 0 comments
POSTED: Thursday, December 11, 2014, 12:49 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:  November Retail Sales, Import Prices and Weekly Jobless Claims

KEY DATA:  Sales: +0.7%; Excluding Vehicles: +0.5%; Gasoline: -0.8%/Non-Fuel Import Prices: -0.2%; Fuel: -6.7%/Jobless Claims: 294,000 (down 3,000)

IN A NUTSHELL:  “A firm labor market is helping power stronger retail sales and it looks like we are having a very, merry holiday shopping season.”

Joel L. Naroff @ 12:49 PM  Permalink | 0 comments
POSTED: Tuesday, December 9, 2014, 2:54 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:  October Job Openings and November Employment Trends and Small Business Optimism

KEY DATA:  Openings: +149,000; Year-over-Year: +838,000; Hires: -20,000; Year-over-Year: +543,000/Employment Trends Index: +0.4%; Year-over-Year: +6.1%/NFIB: +2 points

IN A NUTSHELL:  “The November job gain may have been a bit excessive, but there is little doubt that business hiring is accelerating and it needs to ramp up even more.”

Joel L. Naroff @ 2:54 PM  Permalink | 0 comments
POSTED: Friday, December 5, 2014, 10:54 AM
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:  November Employment Report

KEY DATA:  Payrolls: +321,000; Revisions: +44,000; Private Sector: +314,000; Average Hourly Earnings: +0.4%; Unemployment Rate: 5.8% (Unchanged)

IN A NUTSHELL:  "It seems that every time we get labor market numbers, we get more indications that the market is tightening."

Joel L. Naroff @ 10:54 AM  Permalink | 0 comments
POSTED: Thursday, December 4, 2014, 3:07 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:  November Challenger Layoffs and Weekly Jobless Claims

KEY DATA:  Layoffs (monthly): -29.8%; Year-to-Date: -5.8%/Claims: 299,000 (down 14,000)

IN A NUTSHELL:  "It seems that every time we get labor market numbers, we get more indications that the market is tightening."

Joel L. Naroff @ 3:07 PM  Permalink | 0 comments
POSTED: Wednesday, December 3, 2014, 12:31 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:  November Supply Managers’ Non-Manufacturing Index, ADP Jobs and Help Wanted Online

KEY DATA:  ISM: +2.2 points: Orders: +2.3 points; Employment: -2.9 points/ADP: +208,000/HWOL: +170,200

IN A NUTSHELL:  “The October lull was just temporary and it looks like the job market is getting better.”

Joel L. Naroff @ 12:31 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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