Opinions Uncensored

Schedule for Week of Nov 19, 2017

The key economic report this week is October existing home sales.Happy Thanksgiving!----- Monday, Nov 20th -----No economic releases scheduled.----- Tuesday, Nov 21st -----8:30 AM ET: Chicago Fed National Activity Index for October. This is a composite index of other data.10:00 AM: Existing...

Oil Rigs "Rigs counts took a breather this week"

A few comments from Steven Kopits of Princeton Energy Advisors LLC on Nov 17, 2017:• Rigs counts took a breather this week• Total US oil rigs were flat, +0 to 738• Horizontal oil rigs eased back, -1 to 636...• On Wednesday, I suggested that excess inventory draws in the US and the Brent-WTI...

Lawler: Early Read on Existing Home Sales in October

From housing economist Tom Lawler:Based on publicly-available state and local realtor/MLS reports from across the country released through today, I predict that US existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.60 million...

Lawler: Has US Household Growth Slowed, and If So, Why?

From housing economist Tom Lawler: Has US Household Growth Slowed, and If So, Why?Yesterday the Census Bureau released estimates of America’s Families and Living Arrangements (which includes household estimates) based on the Annual Social and Economic Supplement of the CPS for March 2017, and...

BLS: Unemployment Rates Lower in 12 states in October; Alabama, Hawaii and Texas at New Series Lows

Note from the BLS on Puerto Rico:

The Puerto Rico household survey was conducted for the October 2017 reference period. However, the response rate was below average, in part as a result of difficulties accessing some remote areas that were significantly affected by Hurricanes Irma and Maria.
From the BLS: Regional and State Employment and Unemployment Summary

Unemployment rates were lower in October in 12 states, higher in 1 state, and stable in 37 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Twenty-three states had jobless rate decreases...

Friday: Housing Starts

Friday:• At 8:30 AM, Housing Starts for October. The consensus is for 1.188 million SAAR, up from the September rate of 1.127 million.• At 10:00 AM, State Employment and Unemployment (Monthly) for October 2017• At 11:00 AM, the Kansas City Fed manufacturing survey for November.