• Construction spending increased just 0.3% in September, with August revised down and July revised somewhat higher. • Residential showing consistently sizable increases; nonresidential down three months in a row. • Both state & local [...]
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
Global| Oct 22 2020U.S. Jobless Claims Fall in October 17 Week; California Numbers Now Updated
• State initial claims fall 55,000 seasonally adjusted in October 17 week, almost reversing prior week's increase. • Federal Pandemic Unemployment Assistance initial claims rise 8,212, first increase in 6 weeks. • Regular state and [...]
• Seasonally adjusted initial claims in state programs fell 36,000 in September 26 week to 837,000; not seasonally adjusted claims fell 40,300 to 786,900. • PUA program initial claims rose 34,521 to 650,120. • Insured unemployment [...]
- Global| Sep 24 2020
U.S. Initial Unemployment Insurance Claims Edge Higher But Other Unemployment Insurance Measures Continue Downtrend
• Seasonally adjusted initial claims in state programs edged up 4,000 in September 19 week to 870,000; not seasonally adjusted claims rose 29,000 to 825,000. • PUA program initial claims fell 45,074 to lowest in four weeks. • Insured [...]
- Global| Sep 24 2020
U.S. Initial Unemployment Insurance Claims Edge Higher But Other Unemployment Insurance Measures Continue Downtrend
• Seasonally adjusted initial claims in state programs edged up 4,000 in September 19 week to 870,000; not seasonally adjusted claims rose 29,000 to 825,000. • PUA program initial claims fell 45,074 to lowest in four weeks. • Insured [...]
- Global| Sep 21 2020
U.S. Government Borrowing Surge Dominates Fed's Financial Accounts in Q2
• Gov't borrowing equals record 66.2% of Q2 GDP. • Private sector borrowing slows. • Net worth features upturn in stock prices during Q2. The massive increase in federal government outlays tied to the COVID-19 impact on the U.S. [...]
- Global| Sep 21 2020
U.S. Government Borrowing Surge Dominates Fed's Financial Accounts in Q2
• Gov't borrowing equals record 66.2% of Q2 GDP. • Private sector borrowing slows. • Net worth features upturn in stock prices during Q2. The massive increase in federal government outlays tied to the COVID-19 impact on the U.S. [...]
- Global| Aug 27 2020
U.S. Pending Home Sales Advance Slows, but Still Strong
• Pending home sales are reach highest level since October 2005. • Improvement continues but more moderately in all 4 regions. • Smallest increase in South, but it sets new record high. After substantial gains in May and June, pending [...]
- Global| Aug 26 2020
Mortgage Loan Applications Fall for Refinancing; Token Rise in Purchase Applications
• Mortgage demand declines for refinancing. • Applications for fixed-rate loans rose greatly from a year ago while demand for adjustable rates fell. The Mortgage Bankers Association Mortgage Applications Index decreased 6.5% in the [...]
- Global| Aug 25 2020
U.S. Consumer Confidence Falls Again in August
• Deterioration in confidence measures widespread. • Current conditions reverse July improvement. • Younger people see largest decline in confidence. The Conference Board's monthly consumer confidence survey showed another decline in [...]
- Global| Jul 16 2020
Philadelphia Fed Manufacturing Activity Down Slightly
• Business conditions index has notable positive reading for second month. • Component gains somewhat mixed but generally favorable. • However, expectations have lower positive reading. The Federal Reserve Bank of Philadelphia [...]
- Global| Jul 15 2020
U.S. Mortgage Loan Applications Pushed Higher by Refinancing Demand
• 15-year fixed rate mortgage rate eased to another record low. • Home purchase apps fall back in the week. The Mortgage Bankers Association reported that its total Mortgage Applications Index increased 5.1% (61.1% y/y) during the [...]
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