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Economics

Employment Report Adds To Recession Fears

Economic Data Joseph Y. Calhoun, III -
The unemployment rate rose to 4.3 percent in July, and nonfarm payroll employment edged upby 114,000, the U.S. Bureau of Labor Statistics reported today....

The Economy Continues To Grow At Trend

Commentary Joseph Y. Calhoun, III -
Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the second quarter of 2024, according to the "advance" estimate released...
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Do Homebuilders Have An Inventory Problem?

Economic Data Joseph Y. Calhoun, III -
Housing starts and building permits both rose in June: Building Permits Privately-owned housing units authorized by building permits in June were...

Inflation Reports Offer Conflicting Information

Economic Data Joseph Y. Calhoun, III -
The Bureau of Labor Statistics released the Consumer and Producer Price indexes this week. Consumer prices fell 0.1% in...

Why Is A Software Company Investing in Saks/Neiman Marcus?

Commentary Joseph Y. Calhoun, III -
July 3 (Reuters) - The parent of Saks Fifth Avenue agreed to buy rival Neiman Marcus, a person familiar...

US Adds 206,000 Jobs In June

Economic Data Joseph Y. Calhoun, III -
Total nonfarm payroll employment increased by 206,000 in June, and the unemployment ratechanged little at 4.1 percent, the U.S....

Services PMIs

Economic Data Joseph Y. Calhoun, III -
S&P Global US Services PMI and the ISM Services PMI were both released today with contradictory readings on the...

ADP Employment Report: US Adds 150,000 Jobs In June

Economic Data Joseph Y. Calhoun, III -
ROSELAND, N.J. – July 3, 2024 – Private sector employment increased by 150,000 jobs in June and annual pay...
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