Tag Archives: Economic Releases

Pretty much the whole world had a covid dip, bounce, and most recently a retreat as the economy appears to be rapidly decelerating as unemployment benefits expired and what’s left of the new fiscal spending is relatively small and keeps getting pushed out: Crude oil is another story. There was a covid dip as the drop in demand exceeded Saudi output, which caused them to lose control of output. Now that demand has recovered they are back in control of prices, and currently...

Up a bit but at best moving sideways: Not looking good for gdp unless private sector deficit spending comes to the rescue: (hat tip Patrick Rien)

Softening: Down more than expected. This is for the week ending Sep 4, as federal benefits expired. Lots of federal spending expiring: Commercial real estate index dipping:

New hires dropped even as job openings rose: Fading fast:

Looking weak: Nothing good happening here: Tiny glimmer of hope here? Lots more unemployment than the headline number:

Still way above the 200,000 pre covid levels.Makes me wonder why so many people are still losing jobs: Weaker imports is likely a sign of a weaker US consumer: And oil isn’t much of a factor anymore: This is seriously low as supply issues continue: Dried-Up Inventory Sinks U.S. Light-Vehicle Sales in August :: Wards Intelligence (informa.com) August’s annualized rate was tracking about one million units higher until the inventory-drain worsened enough that sales nosedived...

Big slump here: Weakness here as well: Collapse in front of expiring federal unemployment benefits:

This has now fallen back to pre covid levels and is likely to go lower after federal unemployment benefits expire: Expiring benefits after next week could leave a serious shortfall: Federal spending and transfer payments have managed to restore consumption to close to pre covid levels:

Last week of federal unemployment benefits: Dallas surprises on the downside, but inline with other indicators:

Fading back to trend: Falling back: