Tuesday, March 3, 2015

POSTED: Tuesday, February 10, 2015, 4:00 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:  December Job Openings and January Small Business Optimism

KEY DATA:  Openings: +181,000; Hires: +84,000; Quits: +56,000/ NFIB: -2.5 points

IN A NUTSHELL:  “With job openings at a fourteen year high and small businesses hiring, the outlook for the labor market and the economy is awfully bright.”

Joel L. Naroff @ 4:00 PM  Permalink | 0 comments
POSTED: Friday, February 6, 2015, 10:23 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:  January Supply Managers’ Manufacturing Survey and December Income, Spending and Construction

KEY DATA:  Payrolls: +257,000; Private: +267,000; Revisions: +147,000, Hourly Wages: +0.5%/ Unemployment Rate: 5.7% (+0.1 percentage point); Labor Force: +703,000

IN A NUTSHELL:  “The economy is hitting on all cylinders and if the surge in wages wasn’t a one-month wonder, we could really be off to the races.”

Joel L. Naroff @ 10:23 AM  Permalink | 0 comments
POSTED: Monday, February 2, 2015, 11:57 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:  January Supply Managers’ Manufacturing Survey and December Income, Spending and Construction

KEY DATA:  ISM: -1.6 points; Orders: -4.9 points; Employment: -1.9 points/ Real Disposable Income: +0.5%; Real Consumption: -0.1%/ Construction: +0.4%; Private: +0.1%

IN A NUTSHELL:  “Manufacturing remains solid but it looks like the breakneck pace we had been seeing is fading.”

Joel L. Naroff @ 11:57 AM  Permalink | 0 comments
POSTED: Friday, January 30, 2015, 4:03 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:  Fourth Quarter GDP and Employment Costs

KEY DATA:  GDP: +2.6%; 2014: +2.4%; Consumption: +4.3%; Consumer Inflation (Excluding Food and Energy): +1.1%

IN A NUTSHELL:  “Consumers are now leading the way and with confidence soaring and jobs plentiful, that is likely to continue.”

Joel L. Naroff @ 4:03 PM  Permalink | 0 comments
POSTED: Thursday, January 22, 2015, 9:28 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:  December Housing Starts and Permits

KEY DATA:  Start: +4.4%; 1-Family: +7.2%; Multi-Family: -0.8%; Permits: -1.9%; 1-Family: +4.5%; Multi-Family: -11.8%

IN A NUTSHELL:  “Residential construction is picking up, especially in the key single-family segment and that bodes well for growth going forward.”

Joel L. Naroff @ 9:28 AM  Permalink | 0 comments
POSTED: Thursday, January 15, 2015, 3:53 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:  December Producer Prices, January New York and Philadelphia Fed Surveys and Weekly Jobless Claims

KEY DATA:  PPI: -0.3%; Goods less Energy: +0.2%; Services: +0.2%/ NY Fed: up 11.2 points/ Philadelphia Fed: -18 points/ Jobless Claims: 316,000 (+19,000)

IN A NUTSHELL:  “It’s fun to talk about deflation but the data don’t show it is an issue.”

Joel L. Naroff @ 3:53 PM  Permalink | 0 comments
POSTED: Wednesday, January 14, 2015, 9:55 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:  December Retail Sales and Import Prices

KEY DATA:  Sales: -0.9%; Gasoline: -6.5%; Internet: -0.3%/Import Prices: -2.5%; Nonfuel: -0.1%; Exports: -1.2%; Farm: -0.7%

IN A NUTSHELL:  “It doesn’t look like consumers shopped ‘till they were tired, let alone ‘till they dropped in December.”

Joel L. Naroff @ 9:55 AM  Permalink | 0 comments
POSTED: Tuesday, January 13, 2015, 4:23 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 Job Openings and December NFIB Small Business Survey and Employment Trends

KEY DATA:  Openings: +142,000; Hires: -111,000/NFIB Optimism: +2.3 points/Employment Trends: +0.5%

IN A NUTSHELL:  “Though small businesses are becoming more optimistic and job openings are increasing, hiring has yet to hit its full stride.”

Joel L. Naroff @ 4:23 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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