Wednesday , July 28 2021
Home / Mosler Economics / Personal income, Mortgage apps, ADP private employment, Chicago PMI

Personal income, Mortgage apps, ADP private employment, Chicago PMI

Summary:
Transfers coming down is slowing GDP growth: Housing continues to slow/ the post covid bounce is fading: Making a comeback but still a long way to go. This is a major driver of personal income. It also shows a lot of people are taking jobs, contrary to headlines of worker shortages: This is only through April, but note that new hires are up to about 6 million jobs per month: Another indicator the pace of the post covid recovery is fading:

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

Transfers coming down is slowing GDP growth:

Personal income, Mortgage apps, ADP private employment, Chicago PMI

Housing continues to slow/ the post covid bounce is fading:

Personal income, Mortgage apps, ADP private employment, Chicago PMI

Personal income, Mortgage apps, ADP private employment, Chicago PMI
Making a comeback but still a long way to go. This is a major driver of personal income. It also shows a lot of people are taking jobs, contrary to headlines of worker shortages:

Personal income, Mortgage apps, ADP private employment, Chicago PMI

Personal income, Mortgage apps, ADP private employment, Chicago PMI
This is only through April, but note that new hires are up to about 6 million jobs per month:

Personal income, Mortgage apps, ADP private employment, Chicago PMI
Another indicator the pace of the post covid recovery is fading:

Personal income, Mortgage apps, ADP private employment, Chicago PMI

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Your email address will not be published.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 *