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NAR: Pending Home Sales Decrease 1.5% in October; Down 8.5% Year-over-year; Lowest Number of Record

Calculated Risk

in October, the lowest number since the index was originated in 2001. An index of 100 is equal to the level of contract activity in 2001. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – dropped 1.5% Year over year, pending transactions declined 8.5%.

Numbers 173
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Comments on July Employment Report

Calculated Risk

The headline jobs number in the July employment report was below expectations, and May and June payrolls were revised down by 29,000 combined. in June to the highest level since 2001. Part Time for Economic Reasons From the BLS report : " The number of people employed part time for economic reasons rose by 346,000 to 4.6

Numbers 319
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More Employment Graphs: Duration of Unemployment, Unemployment by Education, Diffusion Indexes

Calculated Risk

The graph shows the number of unemployed in four categories: less than 5 week, 6 to 14 weeks, 15 to 26 weeks, and 27 weeks or more. Unfortunately, this data only goes back to 1992 and includes only three recessions (the stock / tech bust in 2001, and the housing bust/financial crisis, and the 2020 pandemic). in March.

Education 246
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Comments on June Employment Report

Calculated Risk

The headline jobs number in the June employment report was above expectations, however April and May payrolls were revised down by 111,000 combined. in May to the highest level since 2001. Part Time for Economic Reasons From the BLS report : " The number of people employed part time for economic reasons, at 4.2 from 83.6%

Numbers 211
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NAR: Pending Home Sales Decreased 4.0% in November, Year-over-year Down 37.8%

Calculated Risk

"Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates, which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home," said NAR Chief Economist Lawrence Yun. An index of 100 is equal to the level of contract activity in 2001.

Sales 189
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: Nasdaq logs best January since 2001 as stocks climb to cap off stellar month

MarketWatch

stocks finished in the green on Tuesday as the Nasdaq cemented its best January performance since 2001 amid a broad-based rally in equities that saw some of 2022’s worst performers take the lead. year-over-year, a headline number that was larger than economists’ expectations. The S&P 500 SPX gained 58.83

Media 75
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Question #2 for 2023: How much will job growth slow in 2023? Or will the economy lose jobs?

Calculated Risk

Job Changes During Recessions Year Job Change Recession 1974 -379 '73-'75 1975 365 '73-'75 1980 271 '80 1981 -48 '81-'82 1982 -2,124 '81-'82 1990 330 '90-'91 1991 -838 '90-91 2001 -1,727 '01 2002 -510 '01 2008 -3,553 '07-'09 2009 -5,051 '07-'09 2020 -9,292 '20 The 2020 recession was due to the pandemic. But those losses are already coming.

Economy 235