Recent Updates
- Singapore: International Trade Press (Apr)
- Japan: Monetary Survey (Apr)
- Korea: Foreign Exchange Transactions, Household Loans (Apr)
- Pakistan: Foreign Currency Deposits and Utilization (APR)
- Euro area: Spring Update (2023)
- more updates...
Economy in Brief
Surging Imports Send the EMU Trade Scene Deeper into Deficit
The trade balance for the Euro Area fell sharply to 17.5 billion euros in March...
U.S. Import Prices Hold Steady While Export Prices Rise in April
Import prices held steady m/m (+12.0% y/y) in April...
EMU IP Drops Month-to-Month and Year-over-Year
Industrial output among EMU members fell by 1.8% month-to-month in March...
U.S. Producer Price Inflation Moderates in April
The Producer Price Index for Final Demand increased 0.5% during April...
U.S. Housing Affordability Plunges in March
Affordable homes are in short supply...
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 April 15, 2022
State payrolls were fairly strong in March, but less eye-popping than in February. 10 states saw statistically significant increases from February, but none saw percentage gains above .6 (Maine and Massachusetts). California again had the largest absolute increase (60,200). Over the last 12 months 49 states and the District Columbia statistically significant increases in payroll employment. Alaska's point estimate in March 2022 was above that of March 2021, but the increase was not seen as statistically significant. Alaska, Alabama, and West Virginia were the only localities with increases less than 2 percent.
A truly remarkable 37 states saw a statistically significant drop in their unemployment rate in March. Rhode Island's fell .5 percentage point. Among the 50 states the range in unemployment continues to narrow (from 2.0 percent in Nebraska and Utah to 5.3 percent in New Mexico; DC is at 6.0 percent).
Puerto Rico's numbers also continue to improve, with a small gain in jobs in March, and the unemployment rate moving down to 6.5 percent.