Thursday, October 30, 2014
Inquirer Daily News

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
POSTED: Wednesday, October 1, 2014, 4:06 PM
wanted ((stock photo))

INDICATOR:  September Job Estimates, Help Wanted Online and Manufacturing Activity

KEY DATA: ADP Jobs: 213,000; Conference Board Help Wanted: -137,200; ISM (Man.): -2.4 points

IN A NUTSHELL: “The economy doesn’t seem to have picked up any steam in September.”

Joel L. Naroff @ 4:06 PM  Permalink | 0 comments
POSTED: Tuesday, September 30, 2014, 2:54 PM
iStock photo of $100 bills.

INDICATOR: September Conference Board Consumer Confidence and July Case-Shiller Housing Prices

KEY DATA: Confidence: -7.4 points/Housing Prices (National): +0.5%; Year-over-Year: +5.6%

IN A NUTSHELL: “Whether the sharp decline in consumer confidence is the result of rising international concerns or a slowing economy makes a big difference, so it is premature to start worrying.”

Joel L. Naroff @ 2:54 PM  Permalink | 0 comments
POSTED: Monday, September 29, 2014, 4:59 PM
iStock photo of $100 bills.

INDICATOR: August Income, Spending and Pending Home Sales

KEY DATA: Consumption: +0.5%; Real Disposable Income: +0.3%; Prices: flat; Excluding Food and Energy: +0.1%/Pending Sales: -1%

IN A NUTSHELL: “With incomes starting to rise a little faster, the outlook for consumer spending on everything, including housing, is brightening.”

Joel L. Naroff @ 4:59 PM  Permalink | 0 comments
POSTED: Wednesday, September 24, 2014, 4:25 PM
In this Wednesday, July 30, 2014 photograph, a builder works on the construction of new homes in Belmar, N.J. The Commerce Department reports on U.S. home construction in August on Thursday, Sept. 18, 2014. (AP Photo/Mel Evans)

INDICATOR: August New Home Sales

KEY DATA: Sales: +18%; West: +50%; Inventories: -14.3%: Prices (Year-over-Year): +8%

IN A NUTSHELL: “Home builders have become very optimistic and the explanation is simple, sales are rising!”

Joel L. Naroff @ 4:25 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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