Pending home sales in April dropped more than expected as mortgage rates climbed toward a multidecade high. … READ MORE >
Initial jobless claims show signs of bottoming out
New filings for jobless benefits last week inched down to 210,000 as a tight labor market kept layoffs below pre-pandemic levels. … READ MORE >
Chart of the day: American businesses kept investing in April despite rising costs
Durable goods orders rose 0.4% on the month, following a downward revised 0.6% in March, according to data from the Commerce Department on Wednesday. … READ MORE >
New home sales fell 16.6% in April to lowest level since pandemic began
New home sales plummeted in April to their lowest since the onset of the pandemic amid a steep rise in mortgage rates and elevated prices. … READ MORE >
Chart of the day: U.S. existing home sales fall again as rates rise
Sales of existing homes fell for the third straight month as the housing market continued to cool off amid steep mortgage-rate increases. … READ MORE >
Initial jobless claims rise to 16-week high
Initial filings for jobless benefits last week reached 218,000—the average level in 2019—from a downwardly revised 197,000 in the prior week. … READ MORE >
Chart of the day: U.S. housing starts fall amid rising mortgage rates
Housing starts fell by 0.2% on the month to 1.724 million annualized, according to the U.S. Census Bureau. … READ MORE >
Chart of the day: Industrial production hits record
The Federal Reserve’s index for industrial production volume rose by 0.8%, the fourth consecutive month of strong expansion. … READ MORE >
U.S. retail sales: A solid month of growth
Retail sales in the United States rose by 0.9% in April from a month earlier, the U.S. Census Bureau reported on Tuesday. … READ MORE >
Why excess labor demand is unhealthy
We believe the imbalance in the labor market should prompt companies to reassess their growth potential, and as a result, their demand for labor. … READ MORE >









