Home » Tag Archives: Economy

Tag Archives: Economy

Economic Snapshot: Small business optimism remains at decade high

small-business

Small business optimism rose again in January, now at its highest level since December 2004, according to the National Federation of Independent Business Index of Small Optimism. January’s increase suggests the post-election surge has staying power. NFIB small business optimism The NFIB Small Business Optimism Index reached 105.9 in January, an increase of 0.1 points. Five of the index components ...

Read More »

Economic Snapshot: Unemployment and job openings remain unchanged

Jobs-Help-Wanted-Hiring

The unemployment rate and the number of job openings were both little changed this month. The report reflects the last month of data under former President Barack Obama. Employment situation The number of unemployed persons and the unemployment rate were little changed in January, at 7.6 million persons and 4.8 percent, respectively. The number of long-term unemployed was essentially unchanged ...

Read More »

Economic Snapshot: Private sector employment soars in January

Help-wanted-Andreas-Klinke-Johannsen

The ADP Employment Report showed private sector employment was up significantly in January than in the past seven months. Construction and manufacturing jobs rose this month, in contrast to regular losses throughout 2016. ADP employment report Private sector employment increased by 246,000 jobs in January 2017. This is a nearly 100,000-job jump from the 151,000 jobs added in December 2016 ...

Read More »

Economic Snapshot: Despite December decrease, existing home sales have best year since 2006

Photo credit to Dan Moyle

Existing home sales decreased in December and year over year, yet the National Association of Realtors are still very pleased with 2016’s overall results. Existing home sales Existing home sales finished 2016 at 5.45 million sales, a 2.8 percent decrease from an upwardly revised 5.65 million in November. Sales are 0.7 percent higher than the previous year. NAR is still ...

Read More »

Economic Snapshot: Small business optimism at its highest level since 2004

small-business

December marked the second consecutive month of record-breaking small business optimism, now at its highest level in over 12 years. NFIB Small Business Optimism Index The National Federation of Independent Business Index of Small Business Optimism reached 105.8 in December, increasing 7.4 percent and rocketing the index to its highest level since 2004. “We haven’t seen numbers like this in ...

Read More »

Economic Snapshot: Private sector employment adds 153,000 jobs

Jobs-Help-Wanted-Hiring

The ADP Employment Report, which tracks private sector employment, shows 153,000 jobs were added in December. Monthly averages of private sector employment are down by 35,000 from 2015. ADP employment Private sector employment increased by 153,000 jobs in December, which is down significantly from the 215,000 jobs added in November. “As we exit 2016, it’s interesting to note that the ...

Read More »

Economic Snapshot: Consumer confidence rises to 15-year high

consumer-confidence

Consumer confidence is up again this month, now at its highest level in 15 years. Consumer confidence The Consumer Confidence Index posted another gain in December after a considerable increase in November. The index now stands at 113.7, up from 109.4 last month. The Expectations Index jumped from 94.4 to 105.5 but the Present Situation Index decreased from 132.0 to ...

Read More »

Economic Snapshot: Existing home sales stay at pre-recession levels

Photo credit to Dan Moyle

Existing home sales increased again in November, building on the pre-recession levels October sales hit last month. Housing starts dropped this month, but housing completions remain high. Existing home sales Total existing home sales increased 0.7 percent to a seasonally adjusted annual rate of 5.61 million in November, up from a downwardly revised 5.57 million in October. This is the ...

Read More »

Economic Snapshot: Small business optimism, builder confidence at pre-recession highs

New Home Construction

Small business optimism is above the 42-year average for the third time since 2007 and builder confidence is at its highest level in over 11 years. These bumps can both be attributed to post-election sentiments. NFIB Small Business Optimism Index Small business optimism improved 3.5 points to 98.4 in November, which is just above the 42-year average. This is the ...

Read More »

Economic Snapshot: Huge gains in consumer confidence, private sector employment

consumer-confidence

Both consumer confidence and private sector employment saw large increases this month. However, the manufacturing industry continues to be a weak point for private sector employment. Consumer confidence Consumer confidence, which had declined in October, jumped in November from 100.8 to 107.1. The Present Situation Index increased from 123.1 to 130.3 and the Expectations Index rose fro, 86.0 to 91.7. ...

Read More »