The strong historical relationship between the level of the help-wanted index and the year-on-year growth of payroll employment has broken down completely. |
The terrorist attacks are going to make a bad situation even worse. |
The trade figures are distorted by the effects of foreign re-insurance on the World Trade Center. Nevertheless, international trade is contracting. |
There are a few tentative hints -- higher new orders, a drop in the inventory-to-sales ratio -- that the period of maximum weakness has likely passed. Although further declines in output are anticipated, the rate of decline should gradually diminish. |
There is a clear improving trend in orders which provides support for the recovering manufacturing sector, ... Although some of the inventory building that occurred was likely Y2K related and will be reversed in the new year, the acceleration of both shipments and backlogs suggests that the manufacturing recovery has substantial staying power. |
There is clear and strong evidence that the factory sector is expanding solidly, |
These [inventories] data are weaker than the Commerce Department assumed in its advance second-quarter GDP report, ... By themselves, they will subtract nearly 0.5 percent from the 0.7 percent initial GDP estimate. |
These [inventories] data are weaker than the Commerce Department assumed in its advance second-quarter GDP report. By themselves, they will subtract nearly 0.5 percent from the 0.7 percent initial GDP estimate. |
These data add to the growing evidence that economic activity has slowed and that any re-acceleration is likely to be short-lived. |
These data are broadly consistent with payroll employment gains in the 200,000 to 250,000 (monthly) range. |
These data are consistent with slightly better pricing power for both importers and exporters, which reflects the improvement in international economic activity, ... However, the gains are sufficiently restrained as to not cause any concerns about broader based measures of inflation. |
These data are consistent with slightly better pricing power for both importers and exporters, which reflects the improvement in international economic activity. However, the gains are sufficiently restrained as to not cause any concerns about broader based measures of inflation. |
These data are consistent with slower but still solid economic activity. |
These data are consistent with still-strong domestic and improving international economic activity. |
These data clearly show consumer attitudes at recessionary levels, |