Wednesday , July 28 2021
Home / Mosler Economics / Expiring unemployment benefits, mtg purchase apps, trade, cpi

Expiring unemployment benefits, mtg purchase apps, trade, cpi

Summary:
Soft spot in progress, and all federal unemployment benefits expire Labor Day: Still seems to be weakening: Job openings offsetting the prior dip as covid restrictions are relaxed. Hirings coming back as well, though not as quickly: The drop in imports could possibly be a sign of weakness as well: From the Department of Commerce reported: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was .9 billion in April, down .1 billion from .0 billion in March, revised. April exports were 5.0 billion, .3 billion more than March exports. April imports were 3.9 billion, .8 billion less than March imports. “The strength in the top line indices was driven largely by categories that have been heavily

Topics:
WARREN MOSLER considers the following as important:

This could be interesting, too:

WARREN MOSLER writes New home sales, durable goods orders

WARREN MOSLER writes Total initial claims, vehicle sales

WARREN MOSLER writes Mtg purchase apps, housing starts and permits, Saudi pricing vs benchmarks, oil inventories

WARREN MOSLER writes Retail sales, consumer sentiment, industrial production

Soft spot in progress, and all federal unemployment benefits expire Labor Day:

Expiring unemployment benefits, mtg purchase apps, trade, cpi
Still seems to be weakening:

Expiring unemployment benefits, mtg purchase apps, trade, cpi
Job openings offsetting the prior dip as covid restrictions are relaxed. Hirings coming back as well, though not as quickly:

Expiring unemployment benefits, mtg purchase apps, trade, cpi

The drop in imports could possibly be a sign of weakness as well:

From the Department of Commerce reported:

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $68.9 billion in April, down $6.1 billion from $75.0 billion in March, revised.

April exports were $205.0 billion, $2.3 billion more than March exports. April imports were $273.9 billion, $3.8 billion less than March imports.

Expiring unemployment benefits, mtg purchase apps, trade, cpi

Expiring unemployment benefits, mtg purchase apps, trade, cpi

“The strength in the top line indices was driven largely by categories that have been heavily disrupted by COVID and remain under pressure from supply chain disruptions,” wrote Eric Wingorad, senior economist at Alliance Bernstein. “The more persistent categories of inflation — the ones that do a better job of capturing the sustainable trend—are significantly more subdued. That means that the details of today’s print continue to support the idea that the spike in inflation is transitory, even if it is more intense than most forecasters (myself included) would originally have anticipated.”

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

Leave a Reply

Your email address will not be published. Required fields are marked *