Musing About Economics, Computers and Technology

The key report this week is the September employment report on Friday. Other key indicators include the September ISM Manufacturing and Services indices, September auto sales and the August trade deficit. —– Monday, Oct 3rd —–10:00 AM: ISM Manufacturing Index for September. The consensus is for a reading of 52.2, down from 52.8 in August.  10:00 AM: Construction Spending for August. The consensus is for a 0.3% decrease. —– Tuesday, Oct 4th —–8:00 AM ET: Corelogic House Price index for August. 10:00 AM: Job Openings and Labor Turnover Survey for August from the BLS. This graph shows job openings (black line), hires (purple), Layoff, Discharges and other (red column), and…

NOTE: Starting next week, COVID stats will be updated only on Fridays.On COVID (focus on hospitalizations and deaths):COVID Metrics  NowWeekAgoGoal New Cases per Day245,72554,205≤5,0001 Hospitalized223,05225,159≤3,0001… COVID Sept 30, 2022, Update on Cases, Hospitalizations and Deaths

Fannie Mae reported that the Single-Family Serious Delinquency decreased to 0.72% in August from 0.76% in July. The serious delinquency rate is down from 1.79%… Fannie Mae: Mortgage Serious Delinquency Rate Decreased in August

Today, in the Calculated Risk Real Estate Newsletter: Goldman See US House Prices Falling 5% to 10%Excerpt: The recent weakness in the housing market, combined… Goldman Sees US House Prices Falling 5% to 10%

From BofA: Overall, the data since our last weekly publication and our updated assumptions on trade boosted our 3Q US GDP tracking from 0.8% q/q… Q3 GDP Tracking: 1% to 2% Range

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released yesterday from Chief Economist Danielle Hale and Jiayi… Realtor.com Reports Weekly Active Inventory Up 29% Year-over-year; New Listings Down 10%

The BEA released the Personal Income and Outlays, August 2022 and Annual Update report: Personal income increased $71.6 billion (0.3 percent) in August, according to… Personal Income increased 0.3% in August; Spending increased 0.4%

Friday:• At 8:30 AM ET, Personal Income and Outlays, August 2022 and Annual Update The consensus is for a 0.3% increase in personal income, and… Friday: Personal Income & Outlays, Chicago PMI

Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions).From the Las Vegas Visitor Authority: August 2022… Las Vegas August 2022: Visitor Traffic Down 10.9% Compared to 2019

Note: The occupancy rate will increase next week due to Hurricane Ian.From CoStar: STR: US Weekly Hotel Occupancy Reaches 70%U.S. hotel performance increased from the… Hotels: Occupancy Rate Down 1.5% Compared to Same Week in 2019