- Steady increase in ECI since mid-2021.
- Wages and benefits for all workers both advanced 1.2% in Q1.
- Goods-producing industries slightly stronger than service-providers.
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| Apr 28 2023U.S. Employment Cost Index Ticks Up Modestly in Q1
- Initial claims in tight range still just above pre-pandemic amounts.
- Continuing weeks claimed edge slightly lower in latest week.
- Insured unemployment rate steady at 1.3%.
- Initial claims remain just above pre-pandemic amounts.
- Continuing weeks claimed have more marked increase in latest week.
- Insured unemployment rate ticks up, but still close to record low.
USA| Apr 13 2023U.S. Initial Unemployment Insurance Claims Turn Up Modestly
- Initial claims hover just above pre-pandemic amounts.
- Continued weeks claimed edge upward over last several weeks.
- Insured unemployment rate maintains near-record low.
USA| Apr 07 2023Consumer Credit Extends Slow-Growth Trend
- Revolving credit has smallest increase in two years.
- Nonrevolving credit slowest in last 3 months since January 2022.
USA| Mar 30 2023Moderate Increase in Unemployment Insurance Claims
- Initial claims up 7,000 in March 25 week, continuing claims up 4,000 in March 18 week.
- Insured unemployment rate at 1.2% for fourth straight week.
- Highest state rate in New Jersey, lowest in Virginia.
USA| Mar 23 2023Unemployment Insurance Claims Hold Steady in March 18 Week
- Initial claims edge downward 1,000, remain just under 200,000.
- Insured unemployment rate steady at 1.2%, holding in historically low range.
- Highest state rates at 2.7%, lowest at 0.3%-0.4%.
USA| Mar 16 2023Initial Unemployment Claims Fall 20,000
- Initial claims dip back below 200,000.
- Insured unemployment rate holds at 1.2%, maintaining historically low range.
- Highest state rates at 2.6%, lowest at 0.3%-0.4%.
USA| Mar 15 2023Mortgage Applications Advance for a Second Week
- Purchase and refinance loans both increase again after February declines.
- Interest rates ease on fixed rate and adjustable rate loans.
- Receipts down 4% in first 5 months of FY23 from a year ago.
- Outlays up 7.7% with interest surging 39.4%.
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.
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