- ECI up 0.9% in Q4, least since mid-2021.
- Wages & salaries also up 0.9%, noticeably less than 1.2% in Q3.
- Goods-producing industries compensation up 1.0% in Q4; service-producing industries compensation 0.9%.
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| Jan 31 2024U.S. Employment Costs Index Moderates Noticeably in Q4
- January 13 week’s initial claims down 16,000.
- Continuing claims down 26,000 in January 6 week.
- Insured unemployment rate steady at 1.2%.
- Average gasoline prices down 2 cents in Jan. 15 week.
- Crude oil prices down 47 cents per barrel.
- Natural gas prices near recent highs.
USA| Dec 28 2023U.S. Jobless Claims Up 12,000 in December 23 Week
- Latest week’s initial claims higher than forecast.
- December 16 week’s continuing claims up 14,000 from prior week.
- Insured unemployment rate 1.3%, up slightly from prior week’s downwardly revised 1.2%.
USA| Dec 22 2023U.S. Durable Goods Orders Jump in November after October Fall
- Nondefense aircraft orders rebound after October drop.
- Defense goods orders fall after October surge.
- Durable goods shipments up; nondurable goods shipments flat.
USA| Dec 21 2023U.S. Jobless Claims Rise Just 2,000 in December 16 Week
- Latest week’s initial claims slightly less than forecast
- Insured unemployment edge down 1,000 in December 9 week
- Insured unemployment rate steady at 1.3%
USA| Dec 08 2023Credit Demand in U.S. Markets Eased Slightly in Q3
- U.S. and foreign borrowing totaled 11.8% of GDP in Q3, down from 12.6% in Q2.
- Federal government again largest borrowing sector by far in Q3, although down a bit from Q2.
- Business borrowers reduced credit use in Q3 to just one-third of Q1 amount.
USA| Dec 07 2023U.S. Jobless Claims Increase Just 1,000 in December 2 Week
- Small increase in initial claims very close to expected amount.
- Continuing claims come back down after prior week’s jump.
- Insured unemployment rate eases back to 1.2%.
- November reading well above 50, highest in a year-and-a-half.
- Production and new orders up most, show business activity strengthened.
- Inflation still strong, but did ease in latest survey.
USA| Nov 29 2023U.S. Advance Trade Deficit Widens Moderately in October
- Exports decline while imports were flat.
- Sizable reductions in exports of consumer goods, autos and “other” goods.
- Imports of capital goods up noticeably while autos and consumer goods decreased.
USA| Nov 22 2023U.S. Jobless Claims Less than Expected in Nov. 18 Week
- Initial claims in latest week down 24,000 from previous week.
- Continuing claims still high, but down from previous week.
- Insured unemployment rate holds at 1.2% for a seventh week.
USA| Nov 16 2023U.S. Home Builders Index Down for a 4th Month
- Reported home sales down 13% from October
- Prospective buyer traffic also weaker, down 19% from October
- The overall index did rise in the Northeast, but fell in other regions
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