My daily take on what is going on in the economy.
Today’s unexpectedly strong jobs report changed the economic conversation almost immediately. The United States added 162,000 jobs in August, approximately three […]
August finally delivered an employment report worth celebrating. U.S. employers added 162,000 jobs, roughly three times the 56,000 economists expected. The
This week’s reports showed slow economic growth, weak housing, cautious consumers, stronger factory orders and inflation that remains well above
Prices rose slightly in July, and the possibility of another interest-rate increase remains. I planned to wait until Friday for
The Purchasing Managers’ Index (PMI) offers an early look at business activity, employment and prices American service businesses became busier
Employers are retaining current workers, but cautious consumers and slower hiring are making it difficult to find new work. New
Inflation remains a concern, but another weak jobs report could change the conversation before September. Minutes from the Federal Reserve’s
Home construction fell sharply in July, while equipment, electronics and aerospace manufacturing provided some encouraging signs. Housing construction by region
Monday’s reports offered some encouraging news—but both require perspective A survey released Monday found that manufacturing activity strengthened in New
One household delaying a purchase is careful budgeting. Millions doing it can slow the economy. U.S. retail sales fell 0.6%
