The headline number for seasonally finagled initial unemployment claims for the week ended February 1 were about where Wall Street economists expected. The actual numbers were also in line with the average performance for the last week of January.
The headline number for seasonally adjusted, nominal durable goods orders fell 4.3% in December. That was worse than the lowest guess of economists in a survey conducted by Bloomberg.
The nonfarm payrolls headline number for January was hogwash, thanks to a defective seasonal adjustment (SA) factor. Here’s how the Wall Street Journal treated the news.
The National Association of Realtors (NAR) Pending Home Sales Index (PHSI) number for December fell by 8.7%, crushing clueless Wall Street economists whose consensus guess was for a decline of 0.2%.
New home sales in the US in December were an unqualified disaster. The headline number came in at a seasonally adjusted rate of 414,000 for the month, missing the consensus estimate of 457,000 by a mile.