US Economics
Analysis of high-frequency US Economic data
58 posts
JOLTS: Openings Structurally Higher, Quits Fall
Openings are structurally higher in this cycle (and probably much longer) relative to total employment. Overall, the details of the JOLTs report, especially the quit rate, suggest the historically tight labor market continues to slacken slowly.…
Mortgage Apps: Rates Blow Through 7%
The average 30-year fixed-rate in the primary mortgage market blew through 7%, hitting 7.15% last week as secondary mortgage market spreads to Treasuries widened sharply. As we said in recent weeks, holding below the psychologically important 7% rate…
Consumer Confidence: Slump but hints of encouragement
he Conference Board's Consumer Confidence Index fell less than expected in April, as consumers' assessments of their current conditions fell sharply, but their future outlooks slipped only slightly.…