Maxioms by Joseph Abate
The claims data are telling us that the labor market is continuing to improve and growing at a rate of read more
The claims data are telling us that the labor market is continuing to improve and growing at a rate of about 200,000 jobs a month.
On net, we'll see some damage and a hit to corporate profits and proprietors' income, but that effect is temporary. read more
On net, we'll see some damage and a hit to corporate profits and proprietors' income, but that effect is temporary. But in the next quarter, we will get some mild stimulus from the rebuilding. Certainly, it will have no major, permanent effect on the economy.
Warm weather and a post-December rebound in new activity will likely boost construction payrolls. Retail employment should also enjoy a read more
Warm weather and a post-December rebound in new activity will likely boost construction payrolls. Retail employment should also enjoy a post-holiday boost.
The fact that households are saving so little, even with strong growth in personal income, is a potentially troubling development.
The fact that households are saving so little, even with strong growth in personal income, is a potentially troubling development.
Manufacturing activity in the region appears to have cooled off. We suspect it will be another month or two before read more
Manufacturing activity in the region appears to have cooled off. We suspect it will be another month or two before auto manufacturers start ramping up production to replenish sales-depleted inventories.
