Business Conditions
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Weekly Initial Claims for Unemployment Benefits Rose for the Third Consecutive Week
“Weekly initial claims for unemployment benefits rose for a third consecutive week, likely a result of the recent surge in new Covid cases. Federal continuing claims plunged as two pandemic programs saw steep declines.” – Robert Hughes
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Consumers’ Views of the Economy Fell in September
“Consumers are becoming less optimistic as Covid cases rise. The declining optimism is likely to have some impact on spending and remains a risk to the economic outlook.” – Robert Hughes
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Durable-Goods Orders Rose in August as Core Capital-Goods Hit Another Record High
“New orders for core capital goods hit another new high in August, the ninth record in the last ten months. Continued gains are a positive sign for the economic outlook.” – Robert Hughes
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New Single-Family Home Sales Rose but So Did Inventory and Months’ Supply
“New-home sales rose in August but so did inventory and months’ supply. Rising prices will likely continue to force some buyers out of the market, leading to additional inventory build and slower price increases.” – Robert Hughes
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Weekly Initial Claims for Unemployment Benefits Rise Again as Continuing Claims Fall
“Weekly initial claims for unemployment benefits rose for a second consecutive week, likely a result of the recent surge in new Covid cases. However, a tight labor market and a record number of open jobs should support a downward trend, but the path may be extended and more volatile.” – Robert Hughes
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Existing-Home Sales and Inventory Fell in August
“Existing-home sales and inventories fell slightly in August as high prices and shifting housing preferences weigh on activity.” – Robert Hughes
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Multifamily Segment Leads Housing Market Construction in August
“Multifamily housing activity has been surging recently while the single-family segment struggles. Uncertainty due to the latest wave of Covid combined with rising home prices and ongoing labor and materials shortages for builders all contribute to a challenging environment for housing.” – Robert Hughes
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Everyday Price Index Rises at a Slower Pace in August
“AIER’s Everyday Price Index posted a slower gain in August but is still up 6.8 percent from a year ago. Prices of many goods and services continue to be distorted by the lingering effects of the pandemic and government shutdowns. As these distortions fade, price pressures are likely to ease.” – Robert Hughes
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Everyday Price Index Outpaces the CPI in July
“AIER’s Everyday Price Index rose again, led by food and energy. Prices for many goods and services are still distorted by the lingering effects of government shutdowns. As these distortions fade, price pressures are likely to ease.” – Robert Hughes
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Everyday Prices Continued to Surge in June
“AIER’s Everyday Price Index posted a seventh straight monthly increase, reflecting a wide range of lingering fallout from government lockdowns. As these issues are worked out, price pressures are likely to ease.” – Robert Hughes
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Weekly Initial Claims for Unemployment Benefits Rose for the Third Consecutive Week
“Weekly initial claims for unemployment benefits rose for a third consecutive week, likely a result of the recent surge in new Covid cases. Federal continuing claims plunged as two pandemic programs saw steep declines.” – Robert Hughes
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•
Consumers’ Views of the Economy Fell in September
“Consumers are becoming less optimistic as Covid cases rise. The declining optimism is likely to have some impact on spending and remains a risk to the economic outlook.” – Robert Hughes
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•
Durable-Goods Orders Rose in August as Core Capital-Goods Hit Another Record High
“New orders for core capital goods hit another new high in August, the ninth record in the last ten months. Continued gains are a positive sign for the economic outlook.” – Robert Hughes
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•
New Single-Family Home Sales Rose but So Did Inventory and Months’ Supply
“New-home sales rose in August but so did inventory and months’ supply. Rising prices will likely continue to force some buyers out of the market, leading to additional inventory build and slower price increases.” – Robert Hughes
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•
Weekly Initial Claims for Unemployment Benefits Rise Again as Continuing Claims Fall
“Weekly initial claims for unemployment benefits rose for a second consecutive week, likely a result of the recent surge in new Covid cases. However, a tight labor market and a record number of open jobs should support a downward trend, but the path may be extended and more volatile.” – Robert Hughes
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•
Existing-Home Sales and Inventory Fell in August
“Existing-home sales and inventories fell slightly in August as high prices and shifting housing preferences weigh on activity.” – Robert Hughes
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•
Multifamily Segment Leads Housing Market Construction in August
“Multifamily housing activity has been surging recently while the single-family segment struggles. Uncertainty due to the latest wave of Covid combined with rising home prices and ongoing labor and materials shortages for builders all contribute to a challenging environment for housing.” – Robert Hughes
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Everyday Price Index Rises at a Slower Pace in August
“AIER’s Everyday Price Index posted a slower gain in August but is still up 6.8 percent from a year ago. Prices of many goods and services continue to be distorted by the lingering effects of the pandemic and government shutdowns. As these distortions fade, price pressures are likely to ease.” – Robert Hughes
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Everyday Price Index Outpaces the CPI in July
“AIER’s Everyday Price Index rose again, led by food and energy. Prices for many goods and services are still distorted by the lingering effects of government shutdowns. As these distortions fade, price pressures are likely to ease.” – Robert Hughes
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Everyday Prices Continued to Surge in June
“AIER’s Everyday Price Index posted a seventh straight monthly increase, reflecting a wide range of lingering fallout from government lockdowns. As these issues are worked out, price pressures are likely to ease.” – Robert Hughes