Business Conditions

“Weekly initial claims for unemployment benefits continue to fall, hitting the lowest level of the recovery. The tight labor market and strong demand will likely keep claims at low levels.” ~ Robert Hughes

“Payrolls posted a robust gain in October as fading new Covid cases supported a reacceleration of economic activity. The outlook is for continued recovery despite elevated price pressures.” – Robert Hughes

“Weekly initial claims for unemployment benefits fell again, hitting the lowest level of the recovery. The tight labor market and strong demand will likely keep claims at low levels.” – Robert Hughes

“Demand for manufactured goods remained very strong in October. However, labor difficulties, materials shortages, and logistical issues continue to restrain supply and pressure prices.” – Robert Hughes

“Consumer attitudes recovered slightly as new Covid cases decline, supporting a more positive economic outlook. However, the psychology of rising inflation expectations remains a threat.” – Robert Hughes

“New orders for core capital goods rose again, hitting another new high. Continued strength for business investment is a positive sign for the economic outlook.” – Robert Hughes

“New-home sales rose in September while inventory held steady. Rising prices will likely continue to force some buyers out of the market, leading to additional inventory build and slower price increases.” – Robert Hughes

“Existing-home sales rose in September as high prices and shifting housing preferences influence activity.” – Robert Hughes

“Weekly initial claims for unemployment benefits fell to the lowest level of the recovery. Initial and continuing claims are closing in on their pre-pandemic levels.” – Robert Hughes