Construction spending slowed a bit in December, but finished the year on a strong note, the Census Bureau reported Tuesday.
Tag: Wells Fargo Economics
‘Great Resignation’ Shows No Signs of Slowing
Nearly 11 million jobs remained open and nearly 6 million more Americans left their jobs in December—signaling the “Great Resignation” shows no signs of stopping, the Bureau of Labor Statistics reported Tuesday.
New Home Sales Finish 2021 on Solid Ground, But Down for Year
New home sales rose by nearly 12 percent in December, the highest level since last March, HUD and the Census Bureau reported Wednesday. Despite the improved numbers, however, sales were off from a year ago and 2021 sales fell by more than 7 percent from 2020.
January Consumer Confidence Stalls
Winter is here: after three fairly optimistic previous reports, consumer confidence took a downward turn in January, the Conference Board, New York, reported on Tuesday.
Home Price Reports Show Slowing—But Not by Much
Monthly home price appreciation continues to slow, although at a rate providing scant relief to home buyers, according to two reports released Tuesday.
Leading Economic Indicators Rise 10th Straight Month
The Conference Board, New York, said its Leading Economic Index rose by 0.8 percent in December, the 10th straight monthly gain.
December Existing Home Sales Drop, But Annual Sales Reach 15-Year High
Existing home sales fell in December, the National Association of Realtors reported Thursday, snapping a streak of three straight monthly gains.
Housing Starts End Year on Positive Note
Housing starts posted a modest increase in December, HUD and the Census Bureau reported Wednesday, and jumped by nearly 16 percent from a year ago.
Consumer Prices Continue to Rise at ‘Menacing’ Pace
The Consumer Price Index finished 2021 with a bang, the Bureau of Labor Statistics reported on Wednesday. Although overall prices slowed somewhat in December from its brisk pace in November, they continued to show no relief on an annual basis.
December Employment Up 199,000; Unemployment Rate Falls Below 4%
Total nonfarm employment rose by just 199,000 jobs in December, well below consensus expectations, as employers continued to have trouble filling open positions, the Bureau of Labor Statistics reported Friday.