2007-12-28 US Economic Releases
Posted by WARREN MOSLER on December 28th, 2007
Chicago Purchasing Manager (Dec)
| Survey | 51.7 |
| Actual | 56.6 |
| Prior | 52.9 |
| Revised | n/a |
Graph Looks Ok.
New Home Sales (Nov)
| Survey | 717K |
| Actual | 647K |
| Prior | 728K |
| Revised | 711K |
New Home Sales MoM (Nov)
| Survey | -1.6% |
| Actual | -9.0% |
| Prior | 1.7% |
| Revised | 1.7% |
Still heading south, but less impact on GDP.
Also, fewer homes are being built.
Existing home sales Monday will mean more.
And during the winter months, seasonally, fewer months are built and sold; so, small absolute changes get magnified.
Help Wanted Index (Nov)
| Survey | 23 |
| Actual | 21 |
| Prior | 23 |
| Revised | 22 |
Working its way lower in line with a still strong, but softening labor market.
Most recent plunge seems to be related to CNBC gloom and doom talk that started in August.
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