LATEST POSTS

Bill Walker

Recent Posts

Latest Small Business Pulse Survey Shows Improvements

Posted October 22, 2020 by Bill Walker

Final results from phase two of the Census Bureau’s Small Business Pulse Survey were released last week, offering new first-hand perspectives on how the pandemic is impacting businesses. Participating businesses must be non-farm, single-location businesses and must have receipts greater than or equal to $1,000, and 500 employees or...

How Supply Chains Have Been Affected by COVID-19

Posted October 06, 2020 by Bill Walker

In addition to millions of people becoming ill, the COVID-19 pandemic has had far-reaching consequences for our economy. We’ve seen millions of job losses. Businesses have watched their profits plummet, leading some to close permanently. The stock market has experienced dizzying volatility. A key contributor to the economic impacts...

Jobless Claims Remain Steady, Though Elevated

Posted September 30, 2020 by Bill Walker

The latest jobs report from the Department of Labor (DOL) showed that for the week ending September 19, the advance figure for seasonally adjusted initial unemployment claims was 870,000. This marks an uptick of 4,000 from the previous week's revised level. The previous week's level (Sept. 12) was revised up by 6,000 from 860,000 to...

August Retail Sales: Are the Winners and Losers Starting to Plateau?

Posted September 24, 2020 by Bill Walker

The Census Bureau released the Advance Monthly Sales for Retail and Food Services, August 2020 report last week. Adjusted for seasonal variations, advance estimates of U.S. retail and food services sales for August 2020 were $537.5 billion. That’s an increase of 0.6 percent from July and a 2.6 percent boost versus August of last year....

Service Sectors Struggle to Regain Past Quarters’ Revenue Levels

Posted September 17, 2020 by Bill Walker

The U.S. Census Bureau recently released the selected services estimates for the second quarter of 2020. The survey revealed that total revenue for the second quarter of 2020 (seasonally adjusted, but not adjusted for price changes) was $3,650.4 billion. That’s down 9.1 percent as compared to first quarter of 2020 and down 9.3 percent...

Jobs Numbers Improving…But Will the Trend Continue?

Posted September 10, 2020 by Bill Walker

We have to find glimmers of hope where we can lately, and the most recent jobs report is no exception. In August, the U.S economy added 1.4 million jobs — an impressive sounding figure — but the truth of the matter is that we are still at a deficit as compared to pre-COVID-19 numbers. 

July Construction Spending Offers Some Optimism, Some Stagnation

Posted September 03, 2020 by Bill Walker

Last week, we shared some positive news about residential construction in the U.S. For July, sales of new single-family houses topped 901,000, 13.9 percent above the revised June 2020 rate of 791,000. July’s numbers were also an impressive 36.3 percent above the July 2019 rate of 661,000 units sold. 

Shiny and New: New Home Sales Continue Upward Trajectory

Posted August 27, 2020 by Bill Walker

The housing market offers one of the few bright spots in the U.S. economy with homebuilders seeing record-setting sales numbers. The U.S. Census Bureau and U.S. Department of Housing and Urban Development released July’s new home sales data this week that bolsters this trend.

The Mixed Bag Continues for Retail and Food Services Sales Numbers

Posted August 21, 2020 by Bill Walker

The U.S. Census Bureau recently released their July 2020 Advance Monthly Sales for Retail and Food Services report. Adjusted for seasonal variation, July sales totaled $536.0 billion, which represents a 1.2 percent increase over June’s numbers ($529.4 billion). This marks the third consecutive month with increases in U.S. consumer...

Building Confidence: Residential Construction Shows Signs of Hope

Posted July 23, 2020 by Bill Walker

On Friday, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development released their Monthly New Residential Construction Report for June, and it reveals some hopeful data. All of the report’s top-level numbers were moving in the right direction, up over May’s stats — some substantially. But as a reality check on...

WhitePaper-Sidebar-1.png

Subscribe to Our Blog

Recent Posts