The Hurricanes take a toll on the US Economy

  “Retail sales took a large, hurricane-related hit while consumer prices expanded and jobless claims data continued to be skewed by weather.” Retail Sales Hurricane Harvey is already having its impact on the economy, as retail sales for August dropped 0.2 percent to $474.8 billion, the Census Bureau reported last […]

Weekly Economic Update: July 2017

Housing starts enjoyed a notable month, while layoffs dropped, and import and export prices declined.    Housing Starts Starts on the construction of privately owned housing in June hit a four-month high, growing 8.3 percent to reach an annual rate of 1.215 million, the Census Bureau reported last week. Compared […]

Economy continues to add jobs

  The economy continued to add jobs on the whole, but layoffs saw a sudden jump. Meanwhile, consumer credit grew but saw a stiff setback. Employment Situation  The U.S. economy added 235,000 non-farm jobs in February, putting the unemployment rate back at 4.7 percent, according to last week’s report  from […]

Economic Boost in Retail Sales this week

The big economic headline maker last week was retail sales, which saw healthy growth. Also, housing starts saw a mixed performance, while layoffs rose, but remained in safe territory. Market Update for Retail Sales Retail sales for January 2017 enjoyed a 0.4 percent gain to hit $472.1 billion, the Census […]

Sales of existing homes capped off as best year in a decade

  Existing home sales saw their best annual sales in 10 years, while new home sales tumbled to a 10-month low. Meanwhile, layoffs surged, but remained in safe territory.   Existing Home Sales Sales of existing homes capped off 2016 as their best year in a decade, according to data […]