- September orders up in both durable and nondurable goods industries.
- Nondefense aircraft orders drive the September advance.
- Petroleum moved the nondurable goods sector.
- Marginal increase in inventories in September.
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| Nov 02 2023U.S. Manufacturers Have Large 2.8% Increase in New Orders
USA| Oct 31 2023U.S. Modest Uptick in Employment Cost Index Advance in Q3
- Wages and salaries up 1.2% in Q3, firmer that Q2 increase.
- Benefits increase 0.9%, repeating Q2 gain.
- Goods-producing industries have steady quarterly increase, services industries compensation firmer in Q3.
- Latest week up 10,000 from week before.
- Continuing claims 1.79 million, showing very slight uptrend.
- Insured unemployment rate still at 1.2%; high during 2023 just 1.3%.
USA| Oct 12 2023U.S. Jobless Claims Steady in Early October at 209,000
- Continuing jobless claims rise moderately by 30,000 in late September week.
- Rate remains at 1.1% for a 6th consecutive week.
- Hawaii still has highest state rate; New Jersey and California are next highest.
USA| Oct 05 2023U.S. Jobless Claims Rise 2,000 in Latest Week
- Continuing jobless claims edge down just 1,000 in Sept 23rd week
- Insured unemployment rate remains at 1.1% for a 5th week
- Hawaii has highest state rate, 2.4%
USA| Sep 28 2023U.S. Jobless Claims Remain Low in Latest Week
- Initial unemployment claims rise just 2,000 from prior week.
- Continuing claims have lowest 4-week average since January.
- Insured rate of unemployment still 1.1%, close to all-time low of 0.9%.
USA| Sep 27 2023U.S. Mortgage Applications Ease Slightly; Average Rate Highest in More Than 20 Years
- Total application down 1.3%.
- Purchase applications down 1.9%.
- Effective rate on loans to purchase 7.61%, high since late 2000.
USA| Sep 21 2023U.S. Current Account Deficit Smallest Since Mid-2021
- Goods trade has larger deficit in Q2, while services surplus also increases.
- Both primary and secondary income inflows increase.
- Financial account deficit decreases markedly.
USA| Sep 21 2023U.S. Jobless Claims Drop 20,000 in September 16 Week
- Weekly initial claims are 201,000, the smallest since late January.
- Insured unemployment down in Sept 9 week to their smallest since mid-January.
- Insured unemployment rate maintains 1.1-1.2% amount since mid-April.
USA| Sep 11 2023Borrowing in the U.S. Slowed in Q2
- Credit demand was 12.3% of GDP in Q2, down from 18.8% in Q1.
- Federal government borrowing surged in Q2, almost three times the Q1 amount.
- Household borrowing was higher in Q2 than Q1, but smaller than 2022.
USA| Sep 07 2023U.S. Initial Jobless Claims Fall 13,000 in Latest Week
- Continuing claims for unemployment benefits decrease by 40,000.
- Insured unemployment rate dips to 1.1%.
- Insured unemployment rate in Hawaii rises to 2.0%.
USA| Aug 31 2023U.S. Jobless Claims Edge Down Again in Latest Week
- Initial claims inch lower for a third week.
- Insured unemployment rises, but very modestly.
- Insured unemployment rate remains in tight 1.1%-1.2% band.
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