Thursday, August 28, 2014
Inquirer Daily News

POSTED: Friday, June 6, 2014, 11:30 AM
In this April 23, 2014 photo, Luke Gill, of Quicken Loans, left, talks with job candidate Jasmine Boykins at a job fair at the Matrix Center in Detroit. The government issues its May jobs report on Friday, June 6, 2014. (AP Photo/The Detroit News, David Coates)

INDICATOR: May Employment Report

KEY DATA: Payrolls: +217,000; Private: 216,000; Unemployment Rate: 6.3% (unchanged); Hourly Wages: +0.2%

IN A NUTSHELL: "A better than expected employment report reinforces the belief that the labor market is strengthening and the economy is picking up steam."

Joel L. Naroff @ 11:30 AM  Permalink | 0 comments
POSTED: Wednesday, June 4, 2014, 12:50 PM
In this May 16, 2014 photo, Megan Lory, left, talks with Sandra Modena, Sales Manager at Trillium Staffing, at the annual veterans job fair aboard the LST in downtown Muskegon, Mich. Payroll processor ADP reports how many jobs private employers added in May on Wednesday, June 4, 2014. (AP Photo / The Muskegon Chronicle, Madelyn Hastings)

INDICATOR: May ADP Jobs Estimate and April Trade Deficit

KEY DATA: ADP: 179,000; 500-999 employees: -3,000/Trade Deficit: $47.2 billion ($3 billion wider)

IN A NUTSHELL: "May job growth may have been a little less than expected but with imports rising, it looks like the economy is moving forward solidly."

Joel L. Naroff @ 12:50 PM  Permalink | 0 comments
POSTED: Tuesday, June 3, 2014, 3:04 PM
(istock photo)

INDICATOR: April CoreLogic Housing Prices and Revised ISM Index

KEY DATA: CoreLogic (monthly): +2.1%; Year-over-Year: +10.5%/ISM (Manufacturing): +0.5 points; Orders: +1.8 points; Employment: -1.9 points

IN A NUTSHELL: "Housing price increases remain pretty solid and with the economy improving, we should see sales continue to rise."

Joel L. Naroff @ 3:04 PM  Permalink | 0 comments
POSTED: Tuesday, May 27, 2014, 11:30 AM
In this photo taken May 14, 2014, Jody Dickman, of Pittsburgh walks in the Shadyside section of Pittsburgh after shopping for a workout outfit at an Athleta store. The private Conference Board reports on consumer confidence for May on Tuesday, May 27, 2014. (AP Photo/Gene J. Puskar)

INDICATOR: April Durable Goods Orders and May Consumer Confidence

KEY DATA: Durables: +0.8%; Excluding Defense: -0.8%; Business Investment: -1.2%/ Consumer Confidence: up 1.3 points

IN A NUTSHELL: "Confidence is rising and coupled with solid goods orders and growing backlogs, it looks like growth is indeed picking up."

Joel L. Naroff @ 11:30 AM  Permalink | 0 comments
POSTED: Friday, May 23, 2014, 12:37 PM
A new home for sale. (File photo: Seth Perlman / Associated Press)

INDICATOR: April New Home Sales

KEY DATA: Sales: up 6.4%; Median Prices (Year-over-Year) down 1.3%

IN A NUTSHELL: "Despite the improvement in the new home market, it cannot be said the housing market is recovering a whole lot from the winter wipeout."

Joel L. Naroff @ 12:37 PM  Permalink | 0 comments
POSTED: Thursday, May 22, 2014, 11:04 AM
This Monday, May 19, 2014 photo shows a duplex home for sale in the Coconut Grove neighborhood in Miami. The National Association of Realtors reports on existing-home sales in April on Thursday, May 22, 2014. (AP Photo/Lynne Sladky)

INDICATOR: April Existing Home Sales, Leading Indicators and Weekly Jobless Claims

KEY DATA: Home Sales: +1.3%; Leading Indicators: +0.4%; Claims: 326,000 (up 28,000)

IN A NUTSHELL: "Warmer April weather has not been the tonic that realtors hoped for but it still looks like growth will accelerate going forward."

Joel L. Naroff @ 11:04 AM  Permalink | 0 comments
POSTED: Friday, May 16, 2014, 11:25 AM
FILE - In this March 26, 2014 photo, a builder works on a home under construction in northwest Chicago. The Commerce Department reports on U.S. home construction in April on Friday. May 16, 2014. (AP Photo/Nam Y. Huh, File)

INDICATOR: April Housing Starts and Permits

KEY DATA: Starts: up 13.2%; 1-Family: up 0.8%; Permits: up 8%; 1-Family: up 0.3%

IN A NUTSHELL: "We have been looking for signs that the winter weather was the cause of the economic discontent and the sharp increase in home construction seems to argue that was the case."

Joel L. Naroff @ 11:25 AM  Permalink | 0 comments
POSTED: Tuesday, May 13, 2014, 10:42 AM
FILE - In this March 12, 2014, file photo, Anneka Johnson, of Estonia, walks with her son while shopping at Aventura Mall, in Aventura, Fla. The Commerce Department releases retail sales data for April on Tuesday, May 13, 2014. (AP Photo/Lynne Sladky, File)

INDICATOR: April Retail Sales and Import Prices

KEY DATA: Sales: +0.1%; Excluding Vehicles: 0.0%/Import Prices: -0.4%; Excluding Fuel: 0.0%; Export Prices: -1.0%; Farm: +1.4%

IN A NUTSHELL: "Consumers paused in April, but with the weather improving and prices under control, that could change very quickly."

Joel L. Naroff @ 10:42 AM  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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