Lifted by outsized rises in several industries, the employment cost index for civilian workers rose 0.8% (2.4% y/y) during Q1'17, compared to just 0.5% in Q4'16. A 0.6% rise had been expected in the Action Economics Forecast Survey. [...]
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
Global| Apr 28 2017U.S. Employment Cost Index Has Stronger Gain
- Global| Apr 14 2017
U.S. Retail Sales Decline in Both February and March
Total retail sales and spending at restaurants fell 0.2% (5.2% y/y) in March following a 0.3% decrease in February; that was revised from +0.1% reported initially. The Action Economics Forecast Survey anticipated that March sales [...]
- Global| Apr 07 2017
U.S. Wholesale Sales & Inventories Rise Moderately
Inventories at the wholesale level rose 0.4% (+3.3% y/y) during February following an unrevised decrease of 0.2% in January. Durable goods inventories were up 0.2% (+1.7% y/y) after January's 0.2% decline. Motor vehicle stocks added [...]
- Global| Mar 15 2017
U.S. Retail Sales Moderate as Non-Auto Spending Tapers
Total retail sales and spending at restaurants rose 0.1% (5.7% y/y) in February following a 0.6% increase in January, which was revised up from 0.4%. The February result was in line with the 0.1% increase expected in the Action [...]
- Global| Mar 09 2017
U.S. Financial Accounts Show Moderation in Borrowing
The Federal Reserve's Financial Accounts data show less borrowing still in U.S. financial markets in Q4 2016. The total came to "just" $1,602 billion at a seasonally adjusted annual rate, about half the Q3 amount, $3,194 billion. The [...]
- Global| Mar 01 2017
U.S. Construction Spending Falls in January
The value of construction put-in-place fell 1.0% in January (+3.1% y/y). This decline did follow upward revisions to December and November, with December now up 0.1% versus -0.2% reported initially, and November up 1.5%, revised from [...]
- Global| Feb 15 2017
U.S. Retail Sales Slow with Lower Auto Sales; Other Spending Firms
Total retail sales and spending at restaurants increased 0.4% (4.9% y/y) in January following a 1.0% December rise, which was revised from 0.6%. A more modest 0.1% increase had been expected in the Action Economics Forecast Survey. [...]
- Global| Feb 03 2017
U.S. ISM Nonmanufacturing Index Inches Down; Prices Strengthen Further
The Composite Index of Nonmanufacturing Sector Business Activity from the Institute for Supply Management (ISM) decreased to 56.5 in January from 56.6 during December. December was revised from 57.2. January's value again represents a [...]
- Global| Jan 06 2017
U.S. Trade Deficit Widens Again
The U.S. trade deficit in goods and services increased further in November to $45.2 billion from $42.4 billion in October, revised slightly from $42.6 billion; the deficit was $36.2 billion in September. The Action Economics Forecast [...]
- Global| Dec 30 2016
Chicago Purchasing Managers Index Slows, Still Positive
The Chicago Purchasing Managers Business Barometer Index decreased to 54.6 in December following a jump to 57.6 during November. The December figure compared to expectations for a smaller drop to 56.5 in the Action Economics Forecast [...]
- Global| Dec 29 2016
U.S. Initial Claims for Unemployment Insurance Decline
Initial claims for unemployment insurance eased to 265,000 (-7.0% y/y) in the week ended December 24 following an unrevised increase to 275,000 in the December 17 week. Expectations in the Action Economics Forecast Survey also showed [...]
- Global| Dec 22 2016
U.S. FHFA House Price Index Increase Eases Slightly
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices rose 0.4% in October after an unrevised 0.6% gain in September. The y/y change remained fairly steady at 6.2%, as the three-month annualized growth in prices ran [...]
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