Economic Data

The Impact of Lower Interest Rates Is Already Being Felt

Mortgage applications in the last week rose 14.2% from the previous week as lower rates impact the economy even before the Fed starts their...

Employment Report Adds To Recession Fears

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....
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The Economy Continues To Grow At Trend

Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the second quarter of 2024, according...

Do Homebuilders Have An Inventory Problem?

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

The Bureau of Labor Statistics released the Consumer and Producer Price indexes this week. Consumer prices fell 0.1% in...

US Adds 206,000 Jobs In June

Total nonfarm payroll employment increased by 206,000 in June, and the unemployment ratechanged little at 4.1 percent, the U.S....

Services PMIs

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

ROSELAND, N.J. – July 3, 2024 – Private sector employment increased by 150,000 jobs in June and annual pay...