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Fed's Beige Book: "Overall economic activity rose slightly"

Calculated Risk

Reports of substantial increases in insurance and freight transportation costs were also widespread. Many Districts noted that higher prices for eggs and other food ingredients were impacting food processors and restaurants. Firms in multiple Districts noted difficulty passing input costs on to customers.

Economics 194
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February Employment Report: 151 thousand Jobs, 4.1% Unemployment Rate

Calculated Risk

Employment trended up in health care, financial activities, transportation and warehousing, and social assistance. From the BLS: Employment Situation Total nonfarm payroll employment rose by 151,000 in February, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today.

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11 Must Reads for the CRE Industry Today (Sept. 8. 2022)

Wealth Management

New York lifted its mask mandate on public transportation. Development in affordable housing projects has taken a hit as financing costs have increased, reports The Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

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Fed's Beige Book: "Economic activity increased slightly to moderately"

Calculated Risk

The nonfinancial services sector grew slightly overall, with Districts highlighting growth in leisure and hospitality and transportation, notably air travel. Residential real estate activity was unchanged on balance, as high mortgage rates continued to hold back demand. Commercial real estate sales edged up.

Economics 162
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DOT: Vehicle Miles Driven Increased 1.4% year-over-year in February 2024 SA

Calculated Risk

The Department of Transportation (DOT) reported : • Travel on all roads and streets changed by +2.0% (+4.8 This is something I check occasionally. billion vehicle miles) for February 2024 as compared with February 2023. Travel for the month is estimated to be 240.2 billion vehicle miles. • billion miles, a +1.4% ( +3.9

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February Employment Report: 311 thousand Jobs, 3.6% Unemployment Rate

Calculated Risk

Employment declined in information and in transportation and warehousing. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, retail trade, government, and health care.

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November Employment Report: 263 thousand Jobs, 3.7% Unemployment Rate

Calculated Risk

Employment declined in retail trade and in transportation and warehousing. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, health care, and government.