Wednesday, April 23, 2014
Inquirer Daily News

POSTED: Tuesday, March 11, 2014, 4:17 PM
In this Wednesday, Jan. 22, 2014, photo, a recruiter Valera Kulow, left, speaks with job seeker Leonardo Vitiello during a career fair in Dallas. The Labor Department releases job openings and labor turnover survey for January on Tuesday, March, 11, 2014. (AP Photo/LM Otero)

INDICATOR: January Job Openings and Labor Turnover Survey

KEY DATA: JOLTS: Openings: +60,000; Year-over-Year: +281,000; Hires: -43,000; Year-over-Year: +146,000; Quits: -42,000; Year-over-Year: +74,000

IN A NUTSHELL: "Despite a sluggish month of economic numbers, job openings grew and that is another indication that the labor market is in decent shape."

Joel L. Naroff @ 4:17 PM  Permalink | 0
POSTED: Monday, March 10, 2014, 1:15 PM

INDICATOR: February Conference Board Employment Trends Index

KEY DATA: Employment Trends: up 0.3%; Year-over-Year: up 4.4%

IN A NUTSHELL: "The February employment report was no fluke as other indicators are pointing to better job gains."

Joel L. Naroff @ 1:15 PM  Permalink | 0
POSTED: Wednesday, February 26, 2014, 1:59 PM
In this Thursday, Jan. 9. 2014, photo, a sold sale sign hangs in front of a house in Mount Lebanon, Pa. The Commerce Department releases new home sales for January on Wednesday, Feb. 26, 2014. (AP Photo/Gene J. Puskar)

INDICATOR: January New Home Sales

KEY DATA: Sales: up 9.6%; Prices (Year-over-Year): +3.4%

IN A NUTSHELL: "You know all those stories about the weather hurting the housing market, forget them - maybe."

Joel L. Naroff @ 1:59 PM  Permalink | 0
POSTED: Tuesday, February 25, 2014, 1:14 PM
FILE - In this Feb. 14, 2014, photo, buyer Steve Moren, left, examines flowers for purchase for his girlfriend for Valentine's Day, at the Flower Market in Los Angeles. The Conference Board releases the Consumer Confidence Index for February, on Tuesday, Feb. 25, 2014. (AP Photo/Nick Ut, File)

INDICATOR: February Conference Board Consumer Confidence

KEY DATA: Confidence: down 1.3 points; Expectations: down 5.1 points; Current Conditions: up 4.4 points

IN A NUTSHELL: "Confidence has been shaken a touch but not nearly as much as might have been expected given the recent economic data."

Joel L. Naroff @ 1:14 PM  Permalink | 0
POSTED: Thursday, February 20, 2014, 1:17 PM

INDICATOR: January Consumer Price Index, Real Earnings and Weekly Jobless Claims

KEY DATA: CPI: +0.1%; Excluding Food and Energy: +0.1%/Real Earnings: +0.1%/Claims: 336,000 (down 3,000)

IN A NUTSHELL: "Some Fed members may be worried about inflation but from the look of things, those concerns seem well into the future."

Joel L. Naroff @ 1:17 PM  Permalink | 0
POSTED: Wednesday, February 19, 2014, 3:03 PM
In this Friday, Jan. 10, 2014, photo, Paquale Cocca installs a new electrical box on a new home, in Pepper Pike, Ohio. The Commerce Department releases housing starts for January on Wednesday, Feb. 19, 2014. (AP Photo/Tony Dejak)

INDICATOR: January Housing Starts and Producer Prices

KEY DATA: Starts: -16.0%; Permits: -5.4%/PPI: +0.2%; Food: +1.0%

IN A NUTSHELL: "The winter froze not only people, but builders and vegetables as well."

Joel L. Naroff @ 3:03 PM  Permalink | 0
POSTED: Friday, February 14, 2014, 10:46 AM
In this Monday, Jan. 13, 2014 photo, shoppers check out the sale at an ALDO store in the Mall at Robinson, in Robinson Township, Pa. (AP Photo/Gene J. Puskar)

INDICATOR: January Industrial Production and Import/Export Prices

KEY DATA: IP: -0.3%; Manufacturing: -0.8%/Imports: +0.1%; Nonfuel: +0.3%; Exports: +0.2%; Farm: -0.5%

IN A NUTSHELL: "The current economic slowdown, that hopefully can be blamed on the weather, is widespread."

Joel L. Naroff @ 10:46 AM  Permalink | 0
POSTED: Thursday, February 13, 2014, 6:07 PM
Shoppers move through a Wal-Mart checkout line in Tallahassee, Fla. (Phil Coale / Associated Press)

INDICATOR: January Retail Sales and Weekly Jobless Claims

KEY DATA: Sales: -0.4%; Excluding Vehicles: 0.0%/ Claims: 339,000 (up 8,000)

IN A NUTSHELL: "Is anyone really surprised that the rotten weather caused shoppers to abandon the malls in droves?"

Joel L. Naroff @ 6:07 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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