Not for Sale

Not for Sale

  This week’s chart shows existing home sales in the United Sales going back to 1999. It tells us how many homes were sold each month—but only for homes that were already owned and occupied before coming onto the market. As you can see, they have crashed this...
Recovery

Recovery

  This week’s chart looks at job growth in the U.S. economy. Last month, we found out that U.S. employers added 528,000 new jobs. This was significant because it means the economy has now recovered all of the roughly 22 million jobs it lost in the early stages of...
Silver Lining

Silver Lining

  This week, the Commerce Department announced that real GDP fell at a seasonally adjusted annual rate of 0.9% in the second quarter. This followed a 1.6% decline in the first quarter. Taken together, that’s two consecutive quarters of declining real GDP, which...
Jumbo Hike

Jumbo Hike

  This week’s big news was the release of the June Consumer Price Index (CPI) inflation number. On a year-over-year basis, headline inflation came in at 9.1%. That’s the highest it has been in 41 years and was higher than Wall Street’s expectations. As a...