Monday, November 16, 2020

NY Fed: Manufacturing: Business activity "expanded slightly" in New York State in November

From the NY Fed: Empire State Manufacturing Survey Manufacturing activity in New York State expanded only to a small degree in November. After falling seven points last month, the general business conditions index fell four points to 6.3 this month, indicating that growth continued to slow. ... The index for number of employees rose two points to 9.4, its highest level in nearly a yea r, indicating a modest increase in employment levels. After rising sharply last month, the average workweek index fell eleven points to 4.8, its positive value signaling a small increase in hours worked.......(read more)
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Strong Gains for September Single-Family Permits

Over the first nine months of 2020, total single-family permits issued year-to-date (YTD) nationwide reached 713,286. On a year-over-year (YoY) basis, this is an 10.2% increase over the September 2019 level of 647,244. Year-to-date ending in September, single-family permits across the four regions ranged from an increase of 12.4% in the South to an increase of 6.2% in the Northeast.... Read More › The post Strong Gains for September Single-Family Permits first appeared on Eye On Housing ....(read more)
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Controversial Fed Nominee Set To Prevail In Senate Confirmation Vote This Week

After languishing for more than a year, Judy Shelton's controversial nomination to the Federal Reserve's board of governors appears poised for Senate confirmation in the final weeks of the Trump administration....(read more)
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Dr. Scott Gottlieb on Moderna Covid vaccine data: 'We could effectively end this pandemic in 2021'

"If these full data sets hold, when the full data comes out, we may have two highly effective vaccines against Covid," Dr. Scott Gottlieb told CNBC on Monday....(read more)
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Coronavirus live updates: U.S. cases cross 11 million; Moderna says its vaccine is more than 94% effective

The coronavirus has infected more than 54.48 million people globally as of Monday, killing at least 1.31 million people so far....(read more)
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Friday, November 13, 2020

DOT: Vehicle Miles Driven decreased 9.7% year-over-year in September

The Department of Transportation (DOT) reported : Travel on all roads and streets changed by -8.6% (-23.4 billion vehicle miles) for September 2020 as compared with September 2019. Travel for the month is estimated to be 248.3 billion vehicle miles. The seasonally adjusted vehicle miles traveled for September 2020 is 247.2 billion miles, a -9.7% (-26.7 billion vehicle miles) decline from September 2019 . It also represents 2.8% increase (6.7 billion vehicle miles) compared with August 2020. Cumulative Travel for 2020 changed by -14.5% (-355.5 billion vehicle miles). The cumulative estimate......(read more)
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Majority of workers are looking for new jobs during Covid-19 pandemic. Here's why

As Covid-19 cases continue rising, a new study finds that a majority of workers are looking for new job opportunities amid the pandemic....(read more)
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