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Posts Tagged ‘ October ’

BLS: Job Openings increase to 7.1 Million in October

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BLS: Job Openings increase to 7.1 Million in October

Notes: In October there were 7.0709 million job openings, and, according to the October Employment report, there were 6.075 million unemployed. So, for the seventh consecutive month, there were more job openings than people unemployed. Also note that the number of job openings has exceeded the number of hires since January 2015 (almost 4...
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Freddie Mac: Mortgage Serious Delinquency Rate Decreased in October

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Freddie Mac: Mortgage Serious Delinquency Rate Decreased in October

Freddie Mac reported that the Single-Family serious delinquency rate in October was 0.71%, down from 0.73% in September. Freddie’s rate is down from 0.86% in October 2017. Freddie’s serious delinquency rate peaked in February 2010 at 4.20%. This is the lowest serious delinquency rate for Freddie Mac since January 2008. These are mortgage loans...
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Philly Fed: State Coincident Indexes increased in 42 states in October

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Philly Fed: State Coincident Indexes increased in 42 states in October

From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for October 2018. Over the past three months, the indexes increased in 43 states, decreased in four states, and remained stable in three, for a three-month diffusion index of 78. In the past month, the...
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California Bay Area Home Sales Decline 8% YoY in October, Inventory up 21% YoY

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California Bay Area Home Sales Decline 8% YoY in October, Inventory up 21% YoY

Here are some Bay Area stats from Pacific Union chief economist Selma Hepp: • Bay Area home sales dipped by 8 percent year over year in October; however, the 19 percent increase from September was the highest monthly increase between September and October going back to 1990. • Santa Clara County and East Bay...
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Small Business Optimism Index decreased in October

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Small Business Optimism Index decreased in October

CR Note: Most of this survey is noise, but there is some information, especially on the labor market and the “Single Most Important Problem”. From the National Federation of Independent Business (NFIB): October 2018 Report: Small Business Optimism Index The Optimism Index shed a modest 0.5 points, with slight declines in five components, no...
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Schedule for Week of October 28, 2018

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Schedule for Week of October 28, 2018

The key report this week is the October employment report on Friday. Other key indicators include the October ISM manufacturing index, October auto sales, Personal Income and Outlays for September, Case-Shiller house prices for August, and the September trade deficit. For manufacturing, the Dallas Fed manufacturing survey will be released this week. —– Monday,...
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Chemical Activity Barometer “Begins to Cool” in October

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Chemical Activity Barometer “Begins to Cool” in October

Note: This appears to be a leading indicator for industrial production. From the American Chemistry Council: Chemical Activity Barometer Begins To Cool At Start of 4th Quarter; Year-Over-Year Growth Continues To Ease he Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), posted a 0.2 percent gain in...
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Schedule for Week of October 7, 2018

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Schedule for Week of October 7, 2018

The key economic report this week is the September Consumer Price Index (CPI). —– Monday, Oct 8th —–Columbus Day Holiday: Banks will be closed in observance of Columbus Day. The stock market will be open. No economic releases are scheduled. —– Tuesday, Oct 9th —–6:00 AM: NFIB Small Business Optimism Index for September. —–...
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Personal Income increased 0.4% in October, Spending increased 0.3%

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Personal Income increased 0.4% in October, Spending increased 0.3%

The BEA released the Personal Income and Outlays report for October: Personal income increased .1 billion (0.4 percent) in October according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased .1 billion (0.5 percent) and personal consumption expenditures (PCE) increased .4 billion (0.3 percent). …Real DPI increased 0.3...
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AAR: Rail Carloads decreased Slightly, Intermodal at Record Levels, in October

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AAR: Rail Carloads decreased Slightly, Intermodal at Record Levels, in October

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. If you care about total U.S. rail carloads, October 2017 was not a particularly good month — total carloads were down 0.1%, or 1,220 carloads, from October 2016. Average weekly total carloads in October 2017 (266,444) were the...
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