Lagging Economic Indicators

Case Shiller Home Prices – June 2016

By |2016-11-17T15:42:37+00:00August 31st, 2016|Categories: Lagging|Tags: |

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.1% annual gain in June, unchanged from last month. The 10-City Composite posted a 4.3% annual increase, down from 4.4% the previous month.The 20-City Composite reported a year-over-year gain of 5.1%, down from 5.3% in May. Before seasonal adjustment, the National Index posted a month-over-month gain of 1.0% while both the 10-City Composite and the 20-City Composite posted a [...]

Employmnet Situation – June 2016

By |2016-11-17T15:45:57+00:00July 12th, 2016|Categories: Lagging|Tags: , |

May was indeed an odd outlier in what is otherwise a still favorable trend for the labor market. June nonfarm payrolls surged a much stronger-than-expected 287,000 vs a downward revised and recovery low increase of only 11,000 in May. June's strength is led by a 38,000 gain for professional & business services, a closely watched area that is especially sensitive to changes in labor demand. Telecommunications, which fell 32,000 in May during the Verizon strike, rose 28,000 [...]

JOLTS – May 2016

By |2016-11-17T15:46:02+00:00July 12th, 2016|Categories: Lagging|Tags: |

Job openings fell sharply in May, to 5.500 million from April's revised 5.845 million for the lowest rate since February. The results pull down the job openings rate by 2 tenths to plus 3.7 percent, where it also was in May last year. The hiring rate is unchanged at 3.5 percent. On the breakup side of the labor market, the quits rate is unchanged at 2.0 percent and is not pointing to much confidence among workers who [...]

Employment situation – May 2016

By |2016-11-17T15:49:04+00:00June 7th, 2016|Categories: Lagging|Tags: |

The unemployment rate declined by 0.3 percentage point to 4.7 percent in May, and nonfarm payroll employment changed little (+38,000), the U.S. Bureau of Labor Statistics reported today. Employment increased in health care. Mining continued to lose jobs, and employment in information decreased due to a strike. The change in total nonfarm payroll employment for March was revised from +208,000 to +186,000, and the change for April was revised from +160,000 to +123,000. With these revisions, employment [...]

Employment Situation – April 2016

By |2016-11-17T15:51:16+00:00May 10th, 2016|Categories: Lagging|Tags: , , |

Total nonfarm payroll employment increased by 160,000 in April, and the unemployment rate was unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, and financial activities. Job losses continued in mining. Government is also a weak spot in April, down 11,000, with retail also showing weakness, down 3,000 after a series of outsized gains. The change in total nonfarm payroll employment for February was [...]

JOLTS – March 2016

By |2016-11-17T15:51:21+00:00May 10th, 2016|Categories: Lagging|Tags: |

The JOLTS report offers upbeat news on the economy with job openings jumping to 5.757 million in March from February's upwardly revised 5.608 million, boosting the job openings rate 1 tenth to 3.9 percent. And employers may be having trouble filling the openings as the hiring rate fell 1 tenth to 3.7 percent. The quits rate is unchanged at 2.1 percent to indicate that workers are showing limited inclination to shift jobs. Similarly, employers are showing limited [...]

Case Shiller Home Prices – December 2015

By |2016-11-17T15:57:23+00:00February 23rd, 2016|Categories: Lagging|Tags: |

The S&P/Case-Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, recorded a slightly higher year-over-year gain with a 5.4% annual increase in December 2015 versus a 5.2% increase in November 2015. The 10-City Composite increased 5.1% in the year to December compared to 5.2% previously. The 20-City Composite’s year-over-year gain was 5.7%, the same as November. Before seasonal adjustment, the National Index posted a gain of 0.1% month-over-month in December. The 10- City Composite [...]

Employment Report – January 2016

By |2016-11-17T15:59:42+00:00February 9th, 2016|Categories: Lagging|Tags: |

Total nonfarm payroll employment rose by 151,000 in January, and the unemployment rate was little changed at 4.9 percent, the U.S. Bureau of Labor Statistics reported. Job gains occurred in several industries, led by retail trade, food services and drinking places, health care, and manufacturing. Employment declined in private educational services, transportation and warehousing, and mining. The change in total nonfarm payroll employment for November was revised from +252,000 to +280,000, and the change for December was [...]

JOLTS – December 2015

By |2016-11-17T15:59:52+00:00February 9th, 2016|Categories: Lagging|Tags: |

Job openings surged in December, foretelling perhaps January's surge in the labor participation rate. Openings came in at 5.607 million, well up from a revised 5.346 million in November. The openings rate jumped 2 tenths to 3.8 percent and compares with 3.4 percent in December 2015. The layoffs rate, portending the decline in the unemployment rate, fell 1 tenth in the month to 1.1 percent. This is a strong report and a reminder that the labor market [...]