- Receipts down 4% in first 5 months of FY23 from a year ago.
- Outlays up 7.7% with interest surging 39.4%.
Introducing
Carol Stone, CBE
in:Our Authors
Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo. At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm. During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.
Publications by Carol Stone, CBE
USA| Mar 09 2023Credit Demand Had Moderate Growth in Q4
- Borrowing by sectors generally less in Q4.
- Even federal government borrowing was less, seasonally adjusted.
- Households borrowed just 2.3% of disposable income.
USA| Feb 28 2023Major Energy Prices All Declined in Latest Week
- Crude oil, gasoline and natural gas prices all fell in February 24 week.
- Demand for petroleum and its products also declined.
- Mild winter weather contributed to lower natural gas prices.
USA| Feb 23 2023Jobless Claims Edge Down 3,000
- Initial claims slightly lower than forecast.
- Insured unemployment down 37,000 in latest week.
- Insured unemployment rate maintains recent range of 1.1%-1.2%.
USA| Feb 16 2023Jobless Claims Hold Steady in Latest Week
- Initial claims indeed nearly steady for last 6 weeks.
- Continued weeks claimed up in latest week, but down from mid-December.
- New Jersey has highest state rate, with Virginia and Alabama the lowest.
USA| Feb 02 2023Productivity Gains in Q4 After Almost No Change in Q3
- Output grew 3.5% in Q4.
- Compensation up 4.1% in Q4.
- Manufacturing productivity fell in Q4.
- Claims had been expected to rise slightly.
- Continued weeks claimed turned back higher in the January 7 week.
- Insured unemployment rate remained at 1.1% in the week ended January 7.
- Claims had been expected to rise slightly.
- Continued weeks claimed turned back higher in the January 7 week.
- Insured unemployment rate remained at 1.1% in the week ended January 7.
USA| Jan 18 2023U.S. Crude Oil and Gasoline Prices Rise
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Gasoline prices up, but still down from early December.
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Crude oil prices reverse some of recent decline.
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Natural gas prices decline slightly in latest week after sharp drop the week before.
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Order backlogs move up above 50, to 53.7.
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Production up modestly to 39.2.
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Employment down to 40.8.
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- USA| Dec 23 2022
U.S. Durable Goods Orders Register a Notable Decline in November
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Sizable gains and declines in orders among industries.
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Nondefense aircraft orders post marked drop, but shipments advance.
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Orders for computers & electronic equipment also rise.
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- USA| Dec 15 2022
U.S. Initial Unemployment Insurance Claims Fall
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Initial claims down 20,000.
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Continued weeks claimed up just slightly.
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Insured unemployment rate steady, remains near record low.
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