Recent Updates
- Global Supply Chain Pressure Index (Mar, Apr)
- US: Job Openings and Labor Turnover Survey by State (Mar)
- US: New Residential Construction (Apr)
- Canada: CPI (Apr)
- Japan: NCI Economic Activity Index (May)
- more updates...
Economy in Brief
U.S. Mortgage Applications Continued to Slide Amid Higher Rates
The biggest declines have been in refinancing activity, while applications for purchase are just starting to crack...
UK Inflation Jumps
Inflation is at the highest rate since the series began in January of 1989...
U.S. Industrial Production Much Stronger than Expected in April
The increase in manufacturing output in April was once again led by motor vehicle and parts production...
U.S. Retail Sales Posted Solid Rise in April
Notwithstanding falling real incomes and declining confidence measures, consumer spending posted a solid increase...
U.S. Home Builder Index Took a Steep Drop in May
This is the fifth straight month that builder sentiment has declined...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation & Fed Policy: A Relationship Which Should Worry The Fed And Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
"Core" GDP Suggests Economy Gained Momentum in Q1:2022
by Charles Steindel December 19, 2019
The patter of state personal income growth in the third quarter of 2019 was heavily affected by large gains in farm income. Aggregate income in the Great Plains state grew quite rapidly that quarter, with Iowa, Nebraska, and the two Dakotas all experiencing annual rates of growth above 10 percent. In contrast, two energy-intensive states-West Virginia and Wyoming had growth rate under 2 percent.
The range of growth was narrower among states less dependent on agriculture and energy extraction, and closer to the national figure of 3.8 percent. Growth in the Northeast, though, trailed other regions, with income in New York growing at a modest 2.1 percent annual rateāmuch less than growth in Florida, Texas, and California. In general, job growth has been slower in the Northeast than in much of the rest of the nation, and with no marked kick from farm income, aggregate income growth also lagged.