by Calculated Risk on 3/09/2025 08:12:00 AM The BLS reported 151 thousand non-farm jobs were added in February. During the Winter months, I like to look at the weather impact on the report. The BLS reported 404 thousand people were employed in non-agriculture industries, with a job, but not at work due to bad weather….
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by Calculated Risk on 3/08/2025 08:11:00 AM The key report this week is February CPI. —– Monday, March 10th —– No major economic releases scheduled. —– Tuesday, March 11th —– 6:00 AM ET: NFIB Small Business Optimism Index for February. 10:00 AM ET: Job Openings and Labor Turnover Survey for January from the BLS. This…
by Calculated Risk on 3/07/2025 07:16:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I’m currently using 4 weeks ago for “now”, since the most recent three weeks will be revised significantly. Note: “Effective May 1, 2024, hospitals are no longer required to report COVID-19 hospital admissions, hospital…
by Calculated Risk on 3/07/2025 05:13:00 PM From Manheim Consulting today: Wholesale Used-Vehicle Prices Decreased in February Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in February compared to January. The Manheim Used Vehicle Value Index (MUVVI) decreased to 204.1, which reflects a 0.1% increase from a year ago. The…
by Calculated Risk on 3/07/2025 01:24:00 PM Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Another monthly update on rents. Tracking rents is important for understanding the dynamics of the housing market. Slower household formation and increased supply (more multi-family completions) has kept asking rents under pressure. … Apartment List:…
Despite elevated levels of uncertainty, the U.S. economy continues to be in a good place. The labor market is solid, and inflation has moved closer to our 2 percent longer-run goal. At the Federal Reserve, we are intently focused on the dual-mandate goals given to us by Congress: maximum employment and stable prices. Recent Economic…
by Calculated Risk on 3/07/2025 10:35:00 AM Special Note: There was a surge in gold imports in January. There is a time lag for when the imported gold will show up in inventories. GDPNow will correct for this once the gold is included as an increase in inventories, but currently GDPNow just included the import…
by Calculated Risk on 3/07/2025 09:05:00 AM The headline jobs number in the February employment report was slightly below expectations, and December and January payrolls were revised down by 2,000 combined. The participation rate and the employment population ratio decreased, and the unemployment rate increased to 4.1%. Prime (25 to 54 Years Old) Participation Since…
by Calculated Risk on 3/06/2025 07:10:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 8:30 AM ET, Employment Report for February. The consensus is for 158,000 jobs added, and for the unemployment rate to be unchanged at 4.0%. • At 12:30 PM: Speech, Fed Chair Jerome Powell,…