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Real retail sales jump nicely, but we’re not out of the woods on consumption just yet

  - by New Deal democratLet me start with my usual reminder that real retail sales is one of my favorite economic indicators, because it tells...
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Good news on real aggregate payrolls, but an additional yellow flag on jobs

  - by New Deal democratWith the update on inflation earlier this week, let’s take a look a real average wages and real aggregate payrolls....
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Leading housing construction data stabilizes, while units under construction continue free-fall. With a continued hurricane asterisk

  - by New Deal democratHousing data for October, like that for September, has to be viewed with an asterisk, due to Hurricanes Helene and...
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The long leading indicator of corporate profit growth stalled in Q3

  - by New Deal democratPerhaps the most important economic news released so far this week was this morning’s update on Q3 corporate profits. While...
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Manufacturing remains in contraction, with construction on the brink

  - by New Deal democratThis month we started the month with not just the usual two important reports on the leading sectors of  manufacturing...
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