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First District: Boston Second District: New York Third District: Philadelphia Fourth District: Cleveland Board of Governors Board of Governors Fifth District: Richmond Sixth District: Atlanta Seventh District: Chicago Eighth District: St. Louis Ninth District: Minneapolis Tenth District: Kansas City Eleventh District: Dallas Twelfth District: San Francisco Twelfth District: San Francisco
National Bureau of Economic Research (NBER)
Business Cycle Dating Committee Page - Watch NBER's Jim Poterba on CNBC June2020 - Dec2009 - Sep2010.

Current Peak in U.S. Economic Activity was February 2020
Last Peak in U.S. Economic Activity was December 2007 and Last Trough was June 2009
Previous Peak in U.S. Economic Activity was March 2001 and Previous Trough was November 2001

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Economic Events this Week
7/13Mon02:00PM : Jun U.S. Treasury Budget
7/14Tue07:00AM : Jun NFIB Small Business Index
7/14Tue07:45AM : Weekly TRE-GS Store Sales Index
7/14Tue08:30AM : Jun Consumer Price Index
7/14Tue08:30AM : Jun Consumer Price Index, Ex Food and Energy
7/14Tue08:30AM : Jun Real Earnings
7/14Tue09:00AM : Weekly Redbook Retail Sales Index
7/15Wed07:00AM : Weekly MBA Mortgage Applications Survey
7/15Wed08:30AM : Jun U.S. Import Index
7/15Wed08:30AM : Jul New York Fed Empire State Manufacturing Survey
7/15Wed09:15AM : Jun Industrial Production
7/15Wed09:15AM : Jun Capacity Utilization
7/15Wed10:00AM : Jun Conference Board Help Wanted Online
7/15Wed10:30AM : Weekly U.S. Petroleum Status Report
7/15Wed02:00PM : Federal Reserve Beige Book
7/16Thu08:30AM : Jun Retail Sales
7/16Thu08:30AM : Jun Retail Sales Ex Autos
7/16Thu08:30AM : Jul Philadelphia Fed Mfg Business Outlook Survey
7/16Thu08:30AM : Weekly Initial Jobless Claims
7/16Thu10:00AM : May Business Inventories
7/16Thu10:00AM : Jul NAHB Housing Market Index
7/16Thu04:00PM : July U.S. Treasury International Capital
7/17Fri08:30AM : Jun Housing Starts
7/17Fri10:00AM : Jun Regional and State Employment and Unemployment
7/17Fri10:00AM : Mid-Jul Univ. of Michigan Consumer Sentiment Index
Latest Economic Results Provided by
Producer Price Index fell 0.2% in June, ex Fd & Engy up 0.1%

07/10/20 - The Producer Price Index for final demand fell 0.2 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This decrease followed a 0.4-percent increase in May and a 1.3-percent decline in April. (See table A.) On an unadjusted basis, the final demand index moved down 0.8 percent for the 12 months ended …more…

Wholesale Inventories down 1.2% in May 2020

07/09/20 - May 2020 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $419.1 billion, up 5.4 percent (±0.7 percent) from the revised April level, but were down 16.2 percent (±0.7 percent) from the revised May 2019 level. …more…

Weekly Initial Unemployment Claims Decrease 99,000 to 1,314,000

07/09/20 - In the week ending July 4, the advance figure for seasonally adjusted initial claims was 1,314,000, a decrease of 99,000 from the previous week's revised level. The previous week's level was revised down by 14,000 from 1,427,000 to 1,413,000. The 4-week moving average was 1,437,250, a decrease of 63,000 from the previous week's revised …more…

Purchase Apps up, Refi's up in Latest MBA Weekly Survey

07/08/20 - Mortgage applications increased 2.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 3, 2020. This week's results include an adjustment for the Fourth of July holiday.

The Market Composite Index, a measure of mortgage loan application volume, increased 2.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 8 percent compared with the previous week. The Refinance Index increased 0.4 …more…

Consumer Credit Decreased at an annual rate of 19.50% in April

07/07/20 - In April, consumer credit decreased at a seasonally adjusted annual rate of 19-1/2 percent. Revolving credit decreased at a annual rate of 65 percent, while nonrevolving credit decreased at an annual rate of 4 percent.


Job Openings increased to 5.4 million in May

07/07/20 - The number of hires increased by 2.4 million to a series high of 6.5 million in May, the U.S. Bureau of Labor Statistics reported today. This was the largest monthly increase of hires since the series began. Total separations decreased by 5.8 million to 4.1 million, the single largest decrease since the series began. Within separations, the …more…

Employment Trends Index increased in June to 49.05

07/06/20 - The Conference Board Employment Trends Index™ (ETI) increased in June, further stabilizing from sharp declines in recent months. The index now stands at 49.05, up from 45.27 (a downward revision) in May. However, the index is still down 54.8 percent from a year ago.

“The Employment Trends Index increased for the second consecutive month, but the virus’s recent proliferation threatens those gains and puts the US labor market’s future in an even more precarious position,” said Gad Levanon, Head of The Conference Board Labor Markets …more…

ISM Non-Manufacturing Index increased to 57.1% in June

07/06/20 - Economic activity in the non-manufacturing sector grew in June after two consecutive months of contraction, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM® Report On Business®.

The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Non-Manufacturing Business Survey Committee: “The NMI® registered 57.1 percent, 11.7 percentage points higher than the May reading of 45.4 …more…

New orders for manufactured goods increased 8.0% in May 2020

07/02/20 - Summary
New orders for manufactured goods in May, up following two consecutive monthly decreases, increased $30.5 billion or 8.0 percent to $412.8 billion, the U.S. Census Bureau reported today. This followed a 13.5 percent April decrease. Shipments, up following four consecutive monthly decreases, increased $12.5 billion or 3.1 percent to …more…

June Employment rose by 4,800,000
Unemployment Rate fell to 11.1%

07/02/20 - Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment rate declined to 11.1 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) …more…

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