Unemployment Rate Hovering at a Fifty-Year Low

Unemployment Rate Hovering at a Fifty -Year Low With the unemployment rate hovering at a fifty -year low, it leaves 500,000 US factory jobs unfilled, the most in nearly two decades, according to the Labor Department. Manufacturers are paying relocation costs and bonuses to move new hires across the country at a time of record-low [...]

2020-01-23T19:01:38+00:00A View|

Chicago Business Barometer Four-Month High

Welcome to 2020! Chicago Business Barometer Four-Month High In December The Chicago Business Barometer four-month high reached 48.9 after rising 2.6 points in December . Business sentiment dropped to its lowest reading since Q2 2009 and the index was below the 50-mark for the second consecutive quarter. Among the five main categories, Supplier Deliveries and [...]

2020-01-10T19:39:33+00:00A View|

Housing Starts Rose in November

Housing Starts Rose in November Single family housing starts rose 2.4% in November, multi-family starts by 4.9% and overall building permits rose 1.4%. Wells Fargo November existing home sales declined 1.7% in November but are still up 2.7% over the year. Sales should continue to improve with support from lower mortgage rates though inventory shortages [...]

2020-01-02T22:03:36+00:00A View|

US Manufacturing Output Rebounded

US Manufacturing Output Rebounded US manufacturing output rebounded more than expected in November, as the end of an almost six-week long strike at General Motors plants boosted auto production. The Federal Reserve said on Tuesday that manufacturing production rose 1.1% last month after a downwardly revised 0.7% fall in October. Industrial output also rose 1.1% [...]

2020-01-02T21:43:49+00:00A View|

Chicago Business Barometer Rose 3.1 Points

Chicago Business Barometer Rose 3.1 Points The Chicago Business Barometer rose 3.1 points in November, hitting a 127th consecutive month two-month high 46.3, however, the index remains in contraction for the third straight month. The New Orders and Order Backlogs indices saw the largest monthly improvements in November. Supplier deliveries fell and Production slipped as [...]

2019-12-13T19:30:11+00:00A View|

Small Business Optimism Index Rose 0.6 Points, Remaining Close to its Cycle High

Small Business Optimism Index Rose 0.6 Points, Remaining Close to its Cycle High The National Federation of Independent Business (NFIB) Small Business Optimism Index rose 0.6 points, remaining close to its cycle high. Most key components rose, including capital spending and hiring plans. The Consumer Price Index (CPI) for All Urban Consumers (CPI-U) Rose 0.4 [...]

2019-12-02T18:24:56+00:00A View|

Job and Income Growth Remain Favorable

Job and Income Growth Remain Favorable Job and income growth remain favorable. Largely ignoring other news, consumers are still focused on job and income growth. Inflation expectations remain muted, supportive of a Fed rate cut next week. Wells Fargo October Fifth District Survey of Manufacturing Activity Reports Activity Strengthened The Federal Reserve Bank of Richmond [...]

2019-10-29T16:06:40+00:00A View|

The First Crack in the Foundation

The First Crack in the Foundation The first crack in the foundation may be the 0.3% decline in September retail sales. Amid the ongoing trade war and worries about a potential recession, the strength of consumer spending has been a needed counterweight." Wells-Fargo Business Activity Grew Slightly in Empire State The Federal Reserve Bank of [...]

2019-10-29T15:46:17+00:00A View|

Industrial Production Surged in August

Industrial Production Surged in August Industrial production surged 0.6% in August, with widespread gains. The 0.5% rise in manufacturing alleviates concerns about the factory sector's slowdown. Wells Fargo Existing Home Sales Beat Expectations Existing home sales beat expectations, rising in August. Wells Fargo Federal Reserve Cut Interest Rates for the Second Time On Wednesday the [...]

2019-10-02T14:38:13+00:00A View|