Written by Steven Hansen Year-over-year export and import price deflation continues. Import prices have deflated year-over year for 19 of the last 20 months.
Written by Steven Hansen Retail sales were up according to US Census. Our analysis disagreed, and the decline is even worse than our analysis because of the moderate downward revision of last month’s data. The per capita retail sales growth has almost disappeared.
Written by Steven Hansen The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future jobs growth, and the predictive elements show that the jobs situation growth rate likely will not change either for the good or the bad. There was a annual revision of the data with this …
Written by Steven Hansen January 2014 wholesale sales and inventories data was soft. This data series is very noisy, and has been on a roller coaster of one good month / one bad month. The three month rolling averages for sales is decelerating.
Written by Steven Hansen The Conference Board’s Employment Trends Index for February 2014 – which forecasts employment for the next 6 months – strengthened. What the author’s of this index are not telling you is that the growth rate of this index is decelerating.