Thursday, February 11, 2016

POSTED: Thursday, November 5, 2015, 11:22 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:  Third Quarter Productivity and Costs, October Layoffs and Weekly Jobless Claims

KEY DATA:   1.6%; Durable Manufacturing: 7.3%; Unit Labor Costs: 1.4%; Real Compensation: 2.2%/ Layoffs: 50,504; Unemployment Claims: +16,000

IN A NUTSHELL:  “The stronger dollar is beginning to bite into exports and the trade deficit is soaring as a result.”

POSTED: Thursday, October 29, 2015, 3:44 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:  Third Quarter GDP

KEY DATA:   GDP: +1.5%; Consumption: +3.2%; Private Domestic Spending: +3.2%; Consumer Inflation: +1.2%; Excluding Food and Energy: +1.3%

IN A NUTSHELL:  “Forget the headline number, the domestic economy did really well during the summer.”

POSTED: Tuesday, October 20, 2015, 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:  September Housing Starts and Permits

KEY DATA:   Starts: +6.5%; 1-Family: 0.3%; Multi-Family: +18.3%; Permits: -5%; 1-Family: -0.3%; Multi-Family: -12.1%

IN A NUTSHELL:  “The stronger dollar is beginning to bite into exports and the trade deficit is soaring as a result.”

POSTED: Tuesday, October 6, 2015, 3:59 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: August Trade Deficit and Home Prices

KEY DATA:  Deficit: $48.3 billion ($6.5 bil. wider)/ Home Prices (Year-over-Year): 6.9%

IN A NUTSHELL:  “The stronger dollar is beginning to bite into exports and the trade deficit is soaring as a result.”

POSTED: Monday, October 5, 2015, 2:22 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 Non-Manufacturing Activity and Employment Trends

KEY DATA:  ISM (Non-Manufacturing): -2.1 points; Orders: -6.7 points: Hiring: +2.3 points/ Employment Trends Index: +0.1%

IN A NUTSHELL:  “Economic growth may be easing, but it is still decent, so job gains should be better than we have seen recently.”

POSTED: Friday, September 25, 2015, 11:36 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: Revised Second Quarter GDP, September Consumer Confidence and Fed Chair Yellen’s Comments

KEY DATA:  GDP: +3.9% (from 3.7%)/ Confidence: down 4.7 points

IN A NUTSHELL:   “With the economy in good shape, Chair Yellen’s strong hints that hike this year is likely have to be heeded.”

POSTED: Thursday, September 24, 2015, 2:00 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: August New Home Sales, Durable Goods Orders and Weekly Jobless Claims

KEY DATA:  Home Sales: +5.7%; Prices: +0.3%/ Orders: -2%; Excluding Transportation: 0%/ Claims: +3,000

IN A NUTSHELL:   “A revitalized housing sector, coupled with soaring vehicle sales, should help turn around the soft manufacturing sector.”

POSTED: Monday, September 21, 2015, 1:13 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: August Existing Home Sales

KEY DATA:  Sales: -4.8%; Prices (Year-over-Year): +4.7%

IN A NUTSHELL:   “Home sales are still solid, even if they did come off their 8½ year high.”

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 L. at joel@naroffeconomics.com .

Joel L. Naroff
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