Robert Hughes
Senior Research Faculty
Robert Hughes joined AIER in 2013 following more than 25 years in economic and financial markets research on Wall Street. Bob was formerly the head of Global Equity Strategy for Brown Brothers Harriman, where he developed equity investment strategy combining top-down macro analysis with bottom-up fundamentals. Prior to BBH, Bob was a Senior Equity Strategist for State Street Global Markets, Senior Economic Strategist with Prudential Equity Group and Senior Economist and Financial Markets Analyst for Citicorp Investment Services. Bob has a MA in economics from Fordham University and a BS in business from Lehigh University.
-
•
Job Openings Inch Up to Another Record High in May
“Job openings hit another record high in May as businesses struggle to attract qualified workers in a tight labor market.” – Robert Hughes
-
•
Services-Sector Survey Points to Continued Expansion in June
“The services sector expanded again in June, but shortages of labor and materials are continuing to restrain output.” – Robert Hughes
-
•
Unit Auto Sales Fell in June
“Light-vehicle sales fell again in June, falling below the recent range. A semiconductor shortage continues to disrupt production and is likely distorting sales, inventories, and prices.” – Robert Hughes
-
•
Labor Market Recovery Continues but Full Recovery Could Be a Year Away
“Payrolls posted another strong gain in June as the labor market recovery continues. However, there’s a long way to go and other fallout from the lockdowns, including shortages and rising price pressures are tempering the favorable outlook.” – Robert Hughes
-
•
Manufacturing Sector Sees Strong Demand but Struggles with Labor and Materials Shortages and Rising Input Prices
“The Institute for Supply Management survey of manufacturers suggests robust demand for manufactured goods, but also continued labor, production, and logistical issues as well as upward pressure on materials costs.” – Robert Hughes
-
•
Declining Weekly Initial Claims for Unemployment Benefits Reflect Strengthening Economy
“A tight labor market and a record number of open jobs should continue to drive initial claims lower.” – Robert Hughes
-
•
Consumer Confidence Rose for a Fifth Month in a Row, Suggesting Continued Economic Growth
“Consumer attitudes improved again in June as easing government restrictions continue to boost economic activity and job prospects.” – Robert Hughes
-
•
New Single-Family Home Sales Fell Sharply in May
“New-home sales fell again in May and supply conditions eased a bit. Rising prices, and somewhat higher mortgage rates should continue weighing on activity.” – Robert Hughes
-
•
Existing-Home Sales Fall as Prices Continue to Rise
“Existing-home sales fell in May as rising prices and changing preferences work to cool the recent pace of activity.” – Robert Hughes
-
•
Weekly Initial Claims for Unemployment Benefits Rise While Continuing Claims Fall
“Despite the slight uptick in weekly initial claims, rising economic activity is driving a strengthening labor market and supporting a positive economic outlook.” – Robert Hughes
-
•
Job Openings Inch Up to Another Record High in May
“Job openings hit another record high in May as businesses struggle to attract qualified workers in a tight labor market.” – Robert Hughes
-
•
Services-Sector Survey Points to Continued Expansion in June
“The services sector expanded again in June, but shortages of labor and materials are continuing to restrain output.” – Robert Hughes
-
•
Unit Auto Sales Fell in June
“Light-vehicle sales fell again in June, falling below the recent range. A semiconductor shortage continues to disrupt production and is likely distorting sales, inventories, and prices.” – Robert Hughes
-
•
Labor Market Recovery Continues but Full Recovery Could Be a Year Away
“Payrolls posted another strong gain in June as the labor market recovery continues. However, there’s a long way to go and other fallout from the lockdowns, including shortages and rising price pressures are tempering the favorable outlook.” – Robert Hughes
-
•
Manufacturing Sector Sees Strong Demand but Struggles with Labor and Materials Shortages and Rising Input Prices
“The Institute for Supply Management survey of manufacturers suggests robust demand for manufactured goods, but also continued labor, production, and logistical issues as well as upward pressure on materials costs.” – Robert Hughes
-
•
Declining Weekly Initial Claims for Unemployment Benefits Reflect Strengthening Economy
“A tight labor market and a record number of open jobs should continue to drive initial claims lower.” – Robert Hughes
-
•
Consumer Confidence Rose for a Fifth Month in a Row, Suggesting Continued Economic Growth
“Consumer attitudes improved again in June as easing government restrictions continue to boost economic activity and job prospects.” – Robert Hughes
-
•
New Single-Family Home Sales Fell Sharply in May
“New-home sales fell again in May and supply conditions eased a bit. Rising prices, and somewhat higher mortgage rates should continue weighing on activity.” – Robert Hughes
-
•
Existing-Home Sales Fall as Prices Continue to Rise
“Existing-home sales fell in May as rising prices and changing preferences work to cool the recent pace of activity.” – Robert Hughes
-
•
Weekly Initial Claims for Unemployment Benefits Rise While Continuing Claims Fall
“Despite the slight uptick in weekly initial claims, rising economic activity is driving a strengthening labor market and supporting a positive economic outlook.” – Robert Hughes