LAST WEEK

News & Commentary Weekly Highlights:

• Wall Street Journal: Why Social Security Checks Likely Won’t See a Big Increase in 2017, Either (Thursday)
• Market Watch Lew Says U.S. Will Reach Debt Limit by Nov. 3, Two Days Earlier Than Previously Estimated (Thursday)
• Bloomberg: Prepare for the Great Moderation in U.S. Job Growth (Thursday)
• Forbes: New Data Shows Large Insurer Losses On Obamacare Plans (Monday)
• Wall Street Journal: Central Bankers Urge Fed to Get On With Interest-Rate Increase (Sunday)

 

Top Economic Indicator Highlights:

Job Openings and Labor Turnover Survey (JOLTS, August)

• Job openings: 5.370 million
• Hires:  5.078 million
• Separations (quits, layoffs, discharges): 4.846 million
• Noteworthy: Job openings fell from the record in July of 5.668 million (revised) and exceeded hires for the seventh consecutive month. Among separations, there were 2.741 million quits and 1.688 million layoffs and discharges. JOLTS data for September are scheduled for release at 10am on November 12.

 

THIS WEEK

Upcoming Economic Reports & Releases:

Major Indicators

• Housing Starts and Building Permits (8:30am, Tuesday)
• Regional and State Employment and Unemployment (10am, Tuesday)
• Existing Home Sales (10am, Thursday)

 

Chart of the Week: