Thursday, July 31, 2014
Inquirer Daily News

POSTED: Tuesday, May 6, 2014, 11:16 AM
In this March 27, 2014 picture, a Mercedes-Benz sedans sit inside a car-carrier before being hauled away for distribution from the company's Vehicle Processing Center in Baltimore. The Commerce Department reports on the U.S. trade deficit for March on Tuesday, May 6, 2014. In February, the gap climbed to its highest level in five months as demand for American exports fell while imports rose slightly. (AP Photo/Patrick Semansky)

INDICATOR: March Trade Deficit

KEY DATA: Deficit: $40.4 billion ($1.5 billion narrower); Exports: up 2.1%; Imports: up 1.1%

IN A NUTSHELL: "Growing exports are another sign that the economy is really starting to accelerate."

Joel L. Naroff @ 11:16 AM  Permalink | 0
POSTED: Friday, May 2, 2014, 10:47 AM
FILE - In this Jan. 22, 2014, file photo, job seekers sign in before meeting prospective employers during a career fair at a hotel in Dallas. (AP Photo/LM Otero)

INDICATOR: April Employment Report

KEY DATA: Payrolls: +288,000; Private: +273,000; Unemployment Rate: 6.3% (down 0.4 percentage point)

IN A NUTSHELL: "It is clear that firms are hiring again but we still need wages to rise faster if the economy is to really accelerate."

Joel L. Naroff @ 10:47 AM  Permalink | 0
POSTED: Wednesday, April 30, 2014, 3:21 PM
Federal Reserve building (AP Photo/J. Scott Applewhite, File)

April 30 '14 FOMC Meeting

In a Nutshell: "... growth in economic activity slowed during the winter months, in part reflecting adverse weather conditions. Labor market indicators were mixed but on balance showed further improvement."

Rate Decision: Fed funds rate maintained at a range between 0% and 0.25%

Joel L. Naroff @ 3:21 PM  Permalink | 0
POSTED: Wednesday, April 30, 2014, 3:12 PM

INDICATOR: First Quarter 2014 GDP and April ADP Job Estimates

KEY DATA: GDP: +0.1%; Consumption: 3.0%; Housing: -5.7%/ADP: up 220,000;

IN A NUTSHELL: "Growth came to a grinding halt early this year but with consumers spending and payrolls expanding, the future looks a lot brighter."

Joel L. Naroff @ 3:12 PM  Permalink | 0
POSTED: Tuesday, April 29, 2014, 3:07 PM
FILE - In this April 23, 2014 file photo, Luke Gill, left, of Quicken Loans, talks with job candidate Jasmine Boykins at a job fair at the Matrix Center in Detroit. The Conference Board released the Consumer Confidence Index for April on Tuesday, April 29, 2014. (AP Photo/The Detroit News, David Coates, File)

INDICATOR: April Consumer Confidence and Small Business Jobs

KEY DATA: Confidence: -1.6 points; Expectations: +0.1 point; Current Conditions: -4.2 points/Small Business Jobs Index: +0.1%

IN A NUTSHELL: "Consumer optimism about the future coupled with an improving jobs picture point to an improving economy."

Joel L. Naroff @ 3:07 PM  Permalink | 0
POSTED: Wednesday, April 23, 2014, 2:57 PM
In this Thursday, Jan. 9, 2014, photo, a for sale sign hangs in front of a house in Mount Lebanon, Pa. (AP Photo/Gene J. Puskar)

INDICATOR: March Housing Sales

KEY DATA: New Home Sales: -14.5%; Year-over-Year: -13.3%/Existing Home Sales: -0.2%; Year-over-Year: -7.5%

IN A NUTSHELL: “Yikes, the housing market is starting to falter again.”

Joel L. Naroff @ 2:57 PM  Permalink | 0
POSTED: Wednesday, April 16, 2014, 10:15 AM
A builder works on the the roof of a new home under construction in Wilmette, Ill. (AP Photo/Nam Y. Huh)

INDICATOR: March Housing Starts and Industrial Production

KEY DATA: Starts: +2.8%; Permits: -2.4%/IP: +0.7%; Manufacturing: +0.5%

IN A NUTSHELL: “Housing may be coming back only slowly but the continuing rebound in manufacturing activity points to an economy that is picking up steam after the winter hibernation.”

Joel L. Naroff @ 10:15 AM  Permalink | 0
POSTED: Monday, April 14, 2014, 1:12 PM
Can consumers hold up their part of the economy with incomes going nowhere? (AP Photo/David Duprey)

INDICATOR: March Retail Sales

KEY DATA: Sales: +1.1%; Excluding Vehicles: +0.7%

IN A NUTSHELL: "The winter slumber is over and with confidence rising, the consumer could lead the way, if only wage gains improve."

Joel L. Naroff @ 1:12 PM  Permalink | 0
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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