Reade Pickert

January 18, 2023 | Daily Business Review

The retail sales report can be difficult to draw concrete conclusions from since the data aren't adjusted for inflation and mostly only capture spending on goods.

By Augusta Saraiva and Reade Pickert

4 minute read

January 05, 2023 | Daily Business Review

Despite concerns of a looming recession, labor demand still far outstrips supply, keeping upward pressure on wages and giving consumers the wherewithal to keep spending.

By Reade Pickert

3 minute read

December 02, 2022 | Daily Business Review

Job gains were concentrated in a few categories, led by growth in leisure and hospitality, health care and government. Meanwhile, employers in retail, transportation and warehousing and temporary help services cut workers.

By Reade Pickert

3 minute read

November 30, 2022 | Daily Business Review

While the details showed resilient consumer spending and business investment, the biggest contributor to gross domestic product was the volatile net exports category.

By Reade Pickert

3 minute read

November 15, 2022 | Daily Business Review

After peaking in March at 11.7% on an annual basis, producer price growth has moderated amid improving supply chains, softer demand and a weakening in many commodities prices.

By Reade Pickert

3 minute read

October 27, 2022 | Daily Business Review

Personal consumption, the biggest part of the economy, climbed at a 1.4% pace, better than forecast but still a slowdown from the prior quarter.

By Reade Pickert

4 minute read

October 12, 2022 | Daily Business Review

The run-up in rents and housing prices over the past two years has slowly fed into the Bureau of Labor Statistics' CPI figures, fueling massive jumps in the indexes for rent of primary residence and owners' equivalent rent.

By Reade Pickert

5 minute read

September 29, 2022 | Daily Business Review

The figures are important because the official arbiter of U.S. expansions and recessions, the National Bureau of Economic Research's Business Cycle Dating Committee, will use the average and a range of other economic variables to make any recession call.

By Reade Pickert

3 minute read

September 01, 2022 | Daily Business Review

Fed Chair Jerome Powell said last week the central bank's decision later this month "will depend on the totality of the incoming data and the evolving outlook."

By Reade Pickert and Jonnelle Marte

5 minute read

August 31, 2022 | Daily Business Review

"We could be at an inflection point, from super-charged job gains to something more normal," said ADP's chief economist.

By Reade Pickert

3 minute read