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January’s jobs, consumer prices and existing home sales; December’s retail sales; November’s business inventories

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Major economic releases from last week included the Employment Situation Summary for January , the January Consumer Price Index , and the December Import-Export Price Index , all from the Bureau of Labor Statistics, the Advance Retail Sales Report for December and the accompanying Business Sales and Inventories report for November , both from the Census Bureau, and the Existing Home Sales Report for January from the National Association of Realtors (NAR)… Employers Added 130,000 Jobs in January after Big Downward Revisions to 2025 Stats, Unemployment Rate at 4.3% The Employment Situation Summary for January from the Bureau of Labor Statistics indicated an increase in payroll jobs that was double what had been forecast for the month, while the unemployment rate fell to 4.3% as labor force participation increased…Estimates extrapolated from the seasonally adjusted establishment survey data projected that employers added 130,000 jobs in January, after the previously estimated pay...
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December job openings and labor turnover, consumer credit, et al

Major economic reports that were scheduled to be released last week included the Employment Situation Summary for January and the Job Openings and Labor Turnover Survey (JOLTS) report for December, both from the Bureau of Labor Statistics, and both finally back on schedule …however, because the government was partially shut down on Monday and Tuesday due to a dispute over funding for ICE, the January Employment Situation Summary release was postponed until Wednesday, February 11th, leaving the JOLTS report, delayed until Thursday, the only major release from government agencies this week….however, late on Friday the Fed released the Consumer Credit Report for December , which showed that overall consumer credit, a measure of non-real estate personal debt, increased by a seasonally adjusted $24.0 billion, or at a 5.7% annual rate, as non-revolving credit grew at a 3.2% rate to $3,780.9 billion in December, while revolving credit outstanding grew at a 12.6% rate to $1,328.6 billion….t...
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December’s producer prices; November’s trade deficit, durable goods, factory inventories, and wholesale trade, et al

Major economic reports that were released last week were the December Producer Price Index , the November report on our International Trade from agencies within the Commerce Dept, and both the advance report on durable goods for November and the Full Report on Manufacturers’ Shipments, Inventories and Orders for November , and the November report on Wholesale Trade, Sales and Inventories , all from the Census Bureau….this week also saw the widely watched Case-Shiller Home Price Index for November from S&P Case-Shiller, which indicated that their national home price index for September, October and November averaged 1.4% higher than it was for prices of the same homes that sold during the same 3 month period a year earlier, which was the same as the 1.4% year over year index increase indicated by their October report, which indexed home sales prices over August, September and October against those of the same three months of a year earlier…. The week also saw the release of ...
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Q3 GDP revision, November’s income & outlays, October’s construction spending

The key economic reports that were released last week were the "updated" estimate of 3rd quarter GDP and the combined October and November reports on Personal Income and Spending , both from the Bureau of Economic Analysis…since the latter includes two months of 4th quarter PCE data, it also accounts for nearly half of 4th quarter GDP…this week also saw the long delayed release of the October report on Construction Spending (pdf) from the Census Bureau…. 3rd Quarter GDP Growth Rate Revised Up to 4.4% in Updated Estimate Note: the initial estimate of 3rd quarter GDP, released on December 23rd, incorporated both what would normally be the advance and the second estimates, combined and late due to data losses during the shutdown…thus this updated estimate of 3rd quarter GDP replaces what would normally be the 3rd estimate, and hence is the last of the monthly 3rd quarter GDP updates…the 3rd estimate of 3rd quarter GDP was originally scheduled for release on December 23rd, ...
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