- Job openings rate unchanged at 7.0%.
- Hirings increase enough that rate rose.
- Quits rose while layoffs & discharged eased.
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 29 2022U.S. JOLTS: Job Openings Nearly Steady in February
- Initial claims noticeably lower than forecast.
- Continued claims below pre-pandemic amounts.
USA| Mar 17 2022U.S. Unemployment Claims Decrease; Rate Hits Record Low
- Initial claims decrease somewhat more than expected.
- Continued claims rose slightly but remain well below pre-pandemic levels.
- Insured unemployment rate = 1.0%, lowest ever.
USA| Mar 16 2022U.S. Mortgage Application Volume Eases, Rates Rise
- March 11 week decrease follows sizable advance the week before.
- Applications to purchase edge higher as refinance activity declines.
- Mortgage interest rates advance 20 basis points.
USA| Mar 11 2022U.S. Financial Accounts Show Expanded Borrowing in Q4
- Federal government resumes sizable borrowing in Q4 after net paydown in Q3.
- Household borrowing largest relative to income since before the Great Recession.
- Business corporations take on new loans and pay down bonds in Q4.
USA| Mar 03 2022U.S. Factory Orders and Shipments Advance in January
- New orders for manufactured goods gained in January; December’s decline is revised to an increase.
- Durable and nondurable goods shipments have notable increases.
- Unfilled orders and inventories also grow.
USA| Mar 02 2022U.S. Mortgage Application Volume Steadies After Sizable Decrease
- Total applications down 25% in latest four weeks.
- Applications for purchase down, refinancing application edge upward.
- Mortgage interest rates increase slightly.
- Decrease in jobless claims suggests firm labor market conditions.
- Continued claims were up in January 15 week.
- Insured unemployment rate remains in historically low range.
- Nonfarm productivity advances at strong 6.6% annual rate in Q4.
- Compensation also strong, yet again.
- Gains in productivity and unit labor costs almost exactly offsetting.
USA| Jan 14 2022U.S. Housing Affordability Decreases Again in November
- Mortgage payments rose again due to higher home prices.
- Family income edged up 0.2% in November.
- Mortgage rates were unchanged in latest month.
USA| Dec 30 2021U.S. Initial Unemployment Insurance Claims Decrease
- Initial claims 4-week average lowest since 1969.
- Continued claims in regular programs down almost 66% from a year ago.
- Insured jobless rate 1.3%, lowest since 1.2% in March 2020.
USA| Dec 29 2021U.S. Pending Home Sales Ease in November
- Decrease reverses some of prior month's advance.
- Sales weakest in Midwest, which had been strongest in October
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