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."
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."
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."
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."
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."
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."
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."
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?"