Economy in Brief: January 2016

The job openings rate increased to 3.7% during November from 3.6% in October. The latest figure compared to 3.4% one year earlier, but was down from the expansion high of 3.8% reached during July. The private sector job openings rate [...]

The pump price for a gallon of regular gasoline averaged $2.00 last week (-6.7% y/y) according to the U.S. Department of Energy. Haver Analytics constructs factors adjusting for the seasonal variation in pump prices, and the adjusted [...]

U.K. manufacturing industrial production fell by 0.4% in November, falling for the second straight month. Manufacturing output is falling by 1.3% over 12 months and falling by 0.4% over six months. Over three months, output is still [...]

The Labor Market Conditions Index from the Federal Reserve Board includes 19 indicators of labor market activity, covering the broad categories of unemployment and underemployment. These include jobs, workweeks, wages, vacancies, [...]

The Institute for Supply Management reported that it's Composite Index of factory sector activity declined for a second consecutive month. At 48.2 during December, the figure was down from an unrevised November reading of 48.6. The [...]

The global malaises, especially the knock-on effects of weak oil, have been hammering Canada, a natural resource-intensive goods economy. In December, housing starts are lower by 18.4% month-on-month, their sharpest one-month drop [...]

Inventories at the wholesale level fell 0.3% during November, the same as in October. The decline reflected a 0.9% fall in durable goods due to a 3.0% drop in metal & minerals (excl. petroleum -13.3% y/y). Electrical goods inventories [...]

Consumer credit outstanding increased $14.0 billion in November after October's $15.6 billion, which was revised from $16.0 billion. Action Economics Forecast Survey participants looked for an $18.3 billion increase. During the last [...]