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Consumer Analysis: All Analysis Feb 03, 2012Employment Gains Blow Past Expectations in January Fears of weakening economy dispelled by strong performance.  Feb 02, 2012Vehicle Sales Rise on Robust Auto Sales January's auto sales hit the highest level since 2008.  Feb 02, 2012Misleading Acceleration in Chain Store Sales Weakly performing retailers were not in data. Jan 31, 2012 Credit Conditions Taking Baby Steps Toward Improvement Lending standards and willingness to lend are mixed but generally better. Jan 31, 2012 ICSC, Redbook Sales Week Ending January 28 Chain store activity is yet to pick up in the new year. Jan 30, 2012 Modest Spending Decline Helps Boost Savings Rate Consumers cut their spending despite rising income to raise saving in December. Jan 30, 2012 Consumer Prices Remain Range-Bound The pause in the commodities price rally spells relief for consumers. Jan 30, 2012 Income Growth Ends 2011 on an Upbeat Note Wage growth and expanding dividend income provided the pillars of support. Jan 27, 2012 Increase in Sales Tax Revenues a Sign That Sentiment Has Improved Growth in sales tax revenues signals increase in consumer spending in 2011 was widespread geographically. Jan 27, 2012 More Modest Spending Growth in Fourth Quarter Spending growth exceeded income growth for the quarter, but the pattern is changing. Jan 27, 2012 Consumers' Attitudes Continue to Improve in January The University of Michigan sentiment index rose to an 11-month high. Jan 23, 2012 Outlook: Balance Sheets After a tough third quarter, the improvement in household balance sheets has accelerated. Jan 20, 2012 Long-Term Unemployed Workers Will Be Left Behind The recovery will be too weak to absorb many long-term unemployed. Jan 19, 2012 Luxury Vehicle Sales Reflect Post-Recession Economy Luxury sales are growing as a share of total vehicle sales. Jan 19, 2012 Inflation Pipeline Continues to Thin Headline prices again failed to rise in December and core inflation moderated. Jan 18, 2012 ICSC, Redbook Sales Week Ending January 14 Consumer activity has yet to pick up in the new year. Jan 13, 2012 Credit Conditions Stall in December Balance growth slows as delinquency rates are unchanged from November. Jan 13, 2012 Confidence Improving Along With the Economy The University of Michigan index reaches its highest level since the first half of 2011. Jan 10, 2012 Iran Oil Threat Could Reduce Real Spending Military action would sap consumption and damage confidence. Jan 10, 2012 ICSC, Redbook Sales Week Ending January 7 Consumer activity slows noticeably following a strong end to the holiday season. Jan 10, 2012 Consumer Credit Surges in November Consumers turn to borrowing as confidence improves and income disappoints. Jan 06, 2012 ABA Data Confirm Slowing in Consumer Credit Quality Improvement Bankcard delinquencies remain flat. Jan 05, 2012 December Chain Store Sales Confirm Moderate Holiday Growth Spending growth improved modestly from November. Jan 05, 2012 Vehicle Sales Remained Strong at Year's End The year ended on a fairly strong note, as auto sales rose 8% from year-ago levels. Jan 05, 2012 Weekly Sales Summary Strong spending at chain stores as price-sensitive consumers respond to discounts. Jan 04, 2012 ICSC, Redbook Sales Week Ending December 31 The holiday shopping season ends on a high note. Dec 29, 2011 Weekly Sales Summary Chain stores experience second consecutive strong week in the lead-up to Christmas. Dec 28, 2011 ICSC, Redbook Sales Week Ending December 24 Shopping stays strong as consumers take advantage of a full shopping week before Christmas. Dec 27, 2011 Consumer Confidence Is Being Restored The Conference Board index rises more than expected in December led by improved views of future conditions. Dec 23, 2011 Income Growth Fails to Inspire Savings remained low despite consumers' increased reluctance to spend. Dec 23, 2011 Global Slowdown Imposing Chilling Effect on Prices Headline PCE deflator inflation declined again in November. Dec 23, 2011 Consumers Played a Smaller Role in the Recovery Last Quarter Services accounted for the entire downward revision to real spending. Dec 22, 2011 Consumers Feel Better Heading Into the New Year The University of Michigan sentiment index rose more than expected in December. Dec 20, 2011 Down to the Wire for Extending the Payroll Tax Holiday Not extending the payroll tax holiday would hurt spending. Dec 20, 2011 ICSC, Redbook Sales Week Ending December 17 Consumers playing catch-up with holiday shopping. Dec 16, 2011 Vehicle Sales Will Continue to Climb in 2012 Pent-up demand, better access to credit, and demographics will support new- and used-vehicle sales. Dec 16, 2011 Headline Inflation Stalled in November Strength in some core categories barely prevented another decline in the CPI. Dec 15, 2011 Credit Conditions Steadily Improve in November Consumers open more accounts as delinquency rates fall. Dec 14, 2011 Financial Obligations Stop Falling Another small decline in debt payments was offset by an increase in other obligations. Dec 14, 2011 Housing Outlook: The Sun Will Come Out Tomorrow Fundamentals support a solid rebound in house prices on the other side of the market bottom. Dec 14, 2011 Weekly Sales Summary Frustratingly slow week at chain stores indicative of moderating spending. Dec 13, 2011 ICSC, Redbook Sales Week Ending December 10 The post-Black Friday shopping lull continues. Dec 12, 2011 An Uneven Labor Market Recovery The economy has added 2.5 million jobs, but many are still being left out, and real earnings are falling Dec 09, 2011 Confidence on the Rise The University of Michigan index is at its highest level in six months. Dec 06, 2011 ICSC, Redbook Sales Week Ending December 3 Spending is growing modestly despite sharp declines in weekly indices. Dec 02, 2011 Lackluster Gains and Job Quality in November Payrolls The unemployment rate declines as more men find work and women leave labor force. Dec 02, 2011 Vehicle Sales Hit Highest Level Since 2009 Strong vehicle sales data join other data suggesting spending remains healthy. Nov 28, 2011 Holiday Shopping Starts Strongly The season will not end as well since consumers remain cautious and discount-focused. Nov 23, 2011 Consumers Replenish Depleted Savings Firmer income growth in October is welcome, but additional gains are needed. Nov 23, 2011 Fed's Data Highlight the Diverging Patterns In Consumer Credit Mortgage credit quality goes in one direction, nonmortgage credit quality in another. Nov 23, 2011 Spending Gains Moderate Despite Faster Income Growth Consumers tempered their enthusiasm for spending in October. Nov 23, 2011 Improvement in Confidence Not Consistent University of Michigan index revised down slightly. Nov 22, 2011 ICSC, Redbook Sales Week Ending November 19 Indices send mixed signals on chain store activity. Nov 18, 2011 The Devil Is in the Details of the October Employment Report Younger workers find jobs, but they are not necessarily good ones. Nov 18, 2011 MBA Survey Points to Improving Mortgage Credit Quality Foreclosures are still running high, but fewer loans became delinquent. Nov 17, 2011 E-Commerce Sales Outpace On-Site Counterparts Although online sales growth slowed, it remains noticeably above that of bricks-and-mortar stores. Nov 17, 2011 Inflation Eased in October; More Relief Ahead Many of the temporary factors that boosted inflation this year are fading. Nov 11, 2011 Credit Conditions Making Slow Progress Lending standards were little changed, and demand for consumer loans was mixed in recent months. Nov 08, 2011 ICSC, Redbook Sales Week Ending November 5 Chain store sales consistent with modest spending growth. Nov 08, 2011 Consumer Credit Rebounds in September Gains in vehicle sales boost demand for nonrevolving credit. Nov 07, 2011 Bankruptcy Filings Fall Again The decline in the third quarter was larger than seasonally normal. Nov 04, 2011 Jobs Report: Good, but Not Good Enough The economy is still not creating enough jobs to bring down unemployment. Nov 03, 2011 Chain Store Sales Growth Slows The slowdown comes earlier than expected, casting a cloud over the holiday outlook. Nov 02, 2011 Vehicle Sales Rise Modestly Despite Weak Consumer Confidence The monthly rise in vehicle sales isn't pronounced, but continued improvement is encouraging. Oct 28, 2011 Slower Benefits Expansion Constrains Compensation Wages and salaries provided the support. Oct 28, 2011 Spending Rises on the Back of Falling Savings Consumer spending rose despite weak income growth. Oct 27, 2011 Income Declined in 2010 Despite Promising Recovery Before-tax nominal income declined in 2010. Oct 27, 2011 Consumers Spend at Expense of Saving Spending rose despite a decline in real income in the third quarter. Oct 21, 2011 Outlook: Balance Sheets Like much of the economy, the improvement in balance sheets has slowed. Oct 19, 2011 Social Security Checks to Increase After Two Flat Years Recipients will see their benefits checks increase 3.6%. Oct 14, 2011 Retail Sales Surprisingly Strong in September Some of the gain is attributable to payback from Hurricane Irene. Oct 14, 2011 Chronic Unemployment The huge pool of long-term unemployed poses a threat to long-run economic growth. Oct 14, 2011 Confidence Takes a Step Back Sentiment's decline is likely overstated and should be reversed. Oct 12, 2011 Energy Expenditures Creep Up in 2010 After receding in 2009, energy expenditures absorbed more of household budgets last year. Oct 12, 2011 As Equity Prices Go, So Goes Consumer Confidence The decline in confidence has run its course, which bodes well for future spending. Oct 10, 2011 Slow Improvement in Credit Conditions Continues Delinquencies cannot go much lower, but defaults will. Oct 07, 2011 A Sigh of Relief From the Better September Employment Report Employment gains and revisions allay fears of recession. Oct 05, 2011 Credit Quality at a Crossroads Credit quality takes a hit as the recovery comes to a standstill. Oct 04, 2011 Vehicle Sales Bounce Back Pent-up demand and lower interest rates spur vehicle sales despite recession worries. Oct 04, 2011 More People Relying on Government for Health Insurance The uninsured rate was essentially unchanged in 2010, but job losses pushed more people to public insurance. Sep 30, 2011 Falling Personal Income Buffets Consumer Spending Real spending levels are flat because of recession-like consumer confidence levels and falling personal income. Sep 27, 2011 Highlights of 2010 Consumer Expenditure Survey Consumers kept cutting even as the recession was over. Sep 21, 2011 Weekly Sales Summary Consumer spending moderates under the weight of the struggling economy. Sep 20, 2011 Household Balance Sheet Recovery Slows Household finances are becoming less of a drag on growth, but the improvement has been slow and bumpy. Sep 15, 2011 Consumer Prices Proving to Be Sticky Seasonal adjustments and residual effects of previous commodity price rallies are holding inflation up. Sep 14, 2011 August Was a Bad Month for Retailers Don't blame Hurricane Irene for all of the weakness in spending. Sep 14, 2011 Economic Uncertainty Spooks Consumer Credit Markets Consumer confidence has been shaken along with credit performance. Sep 13, 2011 Household Income 2010 Highlights In the first full calendar year following the recession, incomes fell, poverty rates rose, and uninsurance rates held. Sep 12, 2011 Job Market Threatens to Hold Back Spending Consumers want to spend, but the odds are stacked against them. Sep 02, 2011 The Labor Market Lays an Egg in August Temporary factors suppress payroll gains in August Sep 01, 2011 Income From the Wrong Source Government’s outsize support will fade, limiting spending growth. Aug 31, 2011 Weekly Sales Summary Spending growth has moderated, but is still healthy for post-recession standards. Aug 30, 2011 Confidence Shows Hints of a Turn in August Turn should be coming soon if it is not here now. Aug 30, 2011 ICSC, Redbook Sales Week Ending August 27 Consumers have not stopped spending, but growth has moderated. Aug 29, 2011 Headline Inflation Spike to Prove Temporary The causes of high food and energy price inflation are subsiding. Aug 29, 2011 Spending Rebounds Despite Negative Headlines Consumer spending rises at the fastest pace in 18 months. Aug 29, 2011 Wages' Expansion Aids Income Growth Revisions to first quarter data show higher wages throughout 2011. Aug 23, 2011 Fed Data Confirm Credit Quality Improvement Outside Mortgages Mortgage delinquencies are rising again. Aug 23, 2011 ICSC, Redbook Sales Week Ending August 20 Consumer spending moderating, but still healthy. Aug 22, 2011 A Weaker Recovery Dings Mortgage Credit Conditions Delinquency rates will resume falling when the recovery reaccelerates. Aug 19, 2011 Student Loan Debt Weighs on Young Consumers Student loan balances rise while volumes fall for other consumer loans. Aug 18, 2011 Headline CPI Jumps, Core Moderates in July The July seasonal adjustment abnormally inflated gasoline prices. Aug 17, 2011 Weak Earnings Growth Holds Risks for Spending Rebound Lower-paid workers have done slightly better during the recovery. Aug 16, 2011 Credit Conditions Slowly Improving Consumer loan standards are easing, but stronger demand remains elusive. Aug 16, 2011 ICSC, Redbook Sales Week Ending August 13 Despite slowdown, year-ago trends are still upbeat. Aug 12, 2011 Retail Sales Grow Slowly Again in July The growth is impressive in light of falling sentiment. Aug 12, 2011 Michigan Sentiment Index Hits 30-Year Low Plunging stock market takes confidence along for the ride. Aug 09, 2011 ICSC, Redbook Sales Week Ending August 6 Spending still appears strong by post-recession standards. Aug 08, 2011 Consumer Credit Picks Up Revolving and nonrevolving consumer credit rose for a second straight month in June. Aug 05, 2011 Core Inflation Not a Threat Core consumer prices do not rise for long in response to higher energy and food prices when excess capacity abounds. Aug 05, 2011 Labor Market Is Bumbling Along the Bottom The gain of 117,000 jobs in July is not much to celebrate. Aug 05, 2011 Improvement in Credit Conditions Still Inconsistent The moderation in economic recovery continues to affect credit. Aug 04, 2011 Equity Extraction Falls, Tempering Spending Outlook Cash-out refinancing remains near a record low, leaving many without a source of extra cash. Aug 03, 2011 Auto Sales Begin Expected Recovery Pent-up demand pushes auto sales higher as supply chain disruptions fade. Aug 02, 2011 Consumer Spending Stagnates While Revisions Show Steeper Declines Wary consumers cut spending and boost savings. Aug 02, 2011 Core Inflation Spike Proves Temporary Crude oil price correction takes headline inflation down. Aug 02, 2011 ICSC, Redbook Sales Week Ending July 30 Reports are mixed, though sales appear to be holding their own. Jul 26, 2011 ICSC, Redbook Sales Week Ending July 23 Mixed reports lend some doubt to recent sales strength. Jul 21, 2011 Another Risk to the Spending Outlook Home sales could foreshadow weaker spending in the months to come. Jul 19, 2011 ICSC, Redbook Sales Week Ending July 16 Mixed reports, but growth still looks relatively strong. Jul 15, 2011 Hiring Plans Slowly Picking Up Job availability is better than last year, but still weak. Jul 15, 2011 Core CPI Steals the Spotlight in June Boost to core CPI from vehicle and apparel prices lingers longer than expected. Jul 15, 2011 Events in Washington Undermine Confidence Fundamentals did not justify the sharp decline in confidence. Jul 14, 2011 Retail Sales Weak in June Although well above last year, sales have grown little in recent months. Jul 12, 2011 ICSC, Redbook Sales Week Ending July 9 Chain store sales appear to be making a break to higher growth. Jul 08, 2011 Poor Labor Report, No Caveats June's weak job report casts doubt on an expected pickup in growth. Jul 08, 2011 Recovery’s Pause Impacts Credit Conditions Consumers have greater need to borrow while payments remain difficult. Jul 08, 2011 Debt-Ceiling Concerns Weighing on Consumers' Moods A resolution to the debt-ceiling issue may be needed soon to support confidence. Jul 07, 2011 Uneven Performance in Consumer Credit Quality is moving at the right direction, but not consistently. Jul 06, 2011 Low Inventories Pull Auto Sales Lower in June The faltering economy and declining affordability are also to blame for weak auto sales. Jun 28, 2011 Conference Board Confidence Index Stumbles Again Stock and labor market woes weigh on confidence. Jun 28, 2011 ICSC, Redbook Sales Week Ending June 25 One report shows consumers taking a turn for the better. Jun 27, 2011 Mostly Temporary Factors Lift Core Inflation Sharply Higher Drop in crude oil prices checked headline inflation. Jun 27, 2011 Household Debt Burdens Are Manageable Debt levels may seem high, but payments are manageable. Jun 21, 2011 Fuel Prices Nix Travel Plans Real tourism spending growth continued, albeit at its slowest pace since mid-2009. Jun 20, 2011 Delayed Housing Correction Will Weigh on Consumer Spending Extended housing correction will weigh on wealth and confidence. Jun 17, 2011 Financial Burdens Plunge Again Lower debt payments and more income growth provides substantial budgetary relief. Jun 15, 2011 May CPI Is a Mixed Bag Core inflation rose sharply as high fuel prices made it through the supply chain. Jun 14, 2011 Broad Weakness in May Retail Sales May sales looked good compared with last year’s sharp drop. Jun 13, 2011 Wall Street's Pain May Hurt Spending Consumers finally get relief at the pump, but falling equity prices will hit wealth. Jun 10, 2011 Vehicle Sales Should Rebound With Japanese Production but Risks Are Rising Insufficient inventory of Japanese brands explains most of May sales decline. Jun 08, 2011 Balance Declines Moderate Despite Economic Pause The reduction in deleveraging is very slow. Jun 07, 2011 ICSC, Redbook Sales Week Ending June 4 Mixed reports do not change the view of modest spending growth. Jun 03, 2011 A Temporary but Troubling Stumble in the Job Market The slowdown in job growth last month raises concern about a stalling recovery. Jun 02, 2011 Vehicle Sales Suffer Largest Monthly Drop Since 2009 Falling consumer confidence and persistently high gasoline prices push vehicle sales lower. May 31, 2011 Confidence Rebound Inconsistently Beginning As weights seem to lift, most measures of confidence respond. May 27, 2011 Consumer Spending Growth Slows Further Growth in consumer spending falls again, and the savings rate drops. May 27, 2011 Income Shows Steady Yet Modest Growth Details show that energy has taken a bite out of saving. May 27, 2011 Headline Inflation Moderates Slightly, Core Picks Up The commodity price rally is faltering a bit, spelling relief for consumers. May 27, 2011 Michigan Confidence Recovering From Gasoline Price Shock The index is approaching its February highs. May 25, 2011 Credit Quality Improvement Is Not Uniform Consumer credit quality improves at an uneven pace. May 20, 2011 One Surprising Mortgage Credit Quality Report Delinquencies rose slightly, but foreclosure starts are down. May 17, 2011 ICSC, Redbook Sales Week Ending May 14 Sales soften, but this is not particularly concerning. May 16, 2011 E-Commerce Sales Off to a Solid Start in 2011 Growth remained strong in the first quarter. May 13, 2011 Hiring Finally Accelerates In 2010, the labor market improved because of an abatement in job losses; this year hiring picks up. May 13, 2011 Headline Inflation Moderates While Core Prices Edge Higher Food and energy prices remain elevated but are decelerating. May 13, 2011 Expectations Bolster Consumer Confidence Expectations gained, overshadowing a slight decline in current assessments. May 12, 2011 Gasoline Prices Undermine Retail Sales High gasoline prices hurt discretionary sales in April. May 10, 2011 ICSC, Redbook Sales Week Ending May 7 Consumers not caving to pressure of high gasoline prices. May 09, 2011 Revolving Credit Supports Greater Borrowing Higher gasoline prices show up on credit cards. May 06, 2011 Bankruptcy Filings Keep Falling Slight decline in the first quarter is impressive in light of normal seasonal increases. May 05, 2011 Easter, Gas Prices Send Chain Store Sales Higher The delayed holiday added 1 to 2 percentage points to growth. May 05, 2011 Vehicle Sales Increase Modestly in April Cars outsell trucks as consumers look for fuel efficiency. May 03, 2011 Lending Standards Showing Uneven Progress Mortgage requirements are still tightening, while other consumer loans are slowly easing. Apr 29, 2011 Transfer Payments Cause Income Growth to Accelerate Reversal in UI benefit income boosts growth. Apr 29, 2011 Headline Inflation Surging, but Pricing Power Still Limited Core PCE inflation slipped slightly in March. Apr 28, 2011 Spending Slowed, Especially for Autos Spending still led the economy in the first quarter. Apr 27, 2011 Weekly Sales Summary High gasoline prices have not been enough to derail spending growth. Apr 26, 2011 ICSC, Redbook Sales Week Ending April 23 Consumers exhibit wherewithal despite gasoline price drag. Apr 19, 2011 Higher Oil Prices Mean Trouble for Consumers Both direct and indirect effects harm consumer budgets. Apr 15, 2011 The Recession's Impact on Household Finances A new Fed survey shows U.S. consumers suffered substantial losses in wealth during the recent recession. Apr 15, 2011 Consumer Prices Continue Advance on Strength in Fuel and Food Higher commodity prices help inflation climb further. Apr 13, 2011 Retail Sales Growth Slows in March Widespread sales gains suggest consumers are spending. Apr 08, 2011 Big-Ticket Purchases Boost Consumer Credit in February The demand for credit is gradually improving, but it is not widespread. Apr 06, 2011 Job Growth Picks Up, but Workers Aren't Better Off Though job growth is gaining momentum, real wages are falling for most workers. Apr 05, 2011 ICSC, Redbook Sales Week Ending April 2 Mixed results, but sales are generally holding up. Apr 01, 2011 Labor Market Gains Momentum in March Private-sector hiring is broadening while the public sector sheds fewer jobs in March. Mar 29, 2011 Confidence Rebound Abruptly Ends Rising gasoline prices and events overseas scare consumers. Mar 28, 2011 Inflation Set to Mount Higher Food and energy prices soar in February, but pass-through holds steady. Mar 28, 2011 Wage Growth Holding Steady The absence of January's distortion shows moderating income growth. Mar 28, 2011 Fed Survey Shows Increased Consumer Caution Households are determined to save more, and more workers plan to postpone retirement. Mar 25, 2011 Michigan Confidence Keeps Falling A downward revision indicates confidence continued to drop in late March. Mar 23, 2011 Investors Buying Homes, but Households Shift to Renting Renting is a better deal, while investors are returning to the housing market. Mar 18, 2011 Deleveraging in Consumer Loans Is Not Uniform U.S. consumer debt is declining, but at different rates among different groups of borrowers. Mar 17, 2011 Food and Energy Mostly to Blame for Jump in Consumer Prices Soaring food and fuel prices are lifting both headline and expected inflation. Mar 16, 2011 Deleveraging Slowed in February Some delinquency measures are lower than they were during the housing boom. Mar 14, 2011 Financial Burdens Keep Falling Declines in debt burdens slowed, but income growth accelerated as 2010 ended. Mar 14, 2011 Will the Labor Force Ever Rebound? Still waiting for sidelined workers to rejoin the job hunt. Mar 11, 2011 Retail Sales Demonstrate Strong Spending Growth February sales were supported by upward revisions. Mar 11, 2011 Michigan Confidence Plunges Rising gasoline prices and lower stock prices take a large toll on confidence. Mar 08, 2011 Consumer Credit Rises as Write-Offs Ease Nonrevolving credit offsets drop in revolving balances. Mar 08, 2011 ICSC, Redbook Sales Week Ending March 5 Mixed trends are not atypical for this time of year. Mar 04, 2011 Broad-Based Job Gains in February Snapback from January, combined with building momentum, boosts job gains in February. Mar 03, 2011 Chain Store Sales Growth Still Strong, for Now Strong February will be followed by weak March. Mar 02, 2011 Vehicle Sales Shift Into Higher Gear Rising gasoline prices did not weaken demand for cars in February. Mar 01, 2011 Credit Card Lending Turns Slowly Despite Improved Quality Lower losses are only slowly generating new lending. Feb 28, 2011 Food Prices Surge, Modest Core Inflation Returns Inflation risks are shifting to the upside. Feb 28, 2011 Income Jumps on Government Distortions The underlying trends remain encouragingly healthy. Feb 25, 2011 Is Confidence Finally Rising? Hints of a rise in confidence are growing, but not yet convincing. Feb 24, 2011 Fed Data Also Suggest Better Consumer Credit Quality Quality is still weak by historical standards, but it is improving gradually. Feb 24, 2011 Middle East Unrest Threatens U.S. Consumers Libyan protests begin to cut oil supply, but OPEC could make up the difference. Feb 23, 2011 Rising Gasoline Prices Could Take Some Steam Out of Spending Rising gas prices come at an inopportune time, as consumers were finally finding their sea legs. Feb 18, 2011 Lower Delinquencies but High Foreclosures Mortgage credit quality improves, but some weakness remains. Feb 17, 2011 Focus of Inflation Debate Shifting to Upside Risks Headline inflation stays elevated; core picks up. Feb 15, 2011 Bankruptcy Filings Fall as Credit Conditions Improve Filings are below their year-ago level for the first time since 2006. Feb 15, 2011 ICSC, Redbook Sales Week Ending February 12 Erratic weekly sales trends remain the norm in early 2011. Feb 14, 2011 Data Adjustments Show Consumers More Optimistic Changes to the Conference Board index don't alter the outlook. Feb 14, 2011 Less Slack in Labor Market Than Declining Participation Rate Suggests Return to sustained job growth will spur stronger labor force growth only briefly. Feb 11, 2011 University of Michigan Sentiment Index Breaks February Pattern It was the first increase in February since 1999. Feb 09, 2011 Weekly Sales Summary Some bounce back occurred, though there are still signs of weather's impact. Feb 08, 2011 Revolving Credit Contributes to Greater Consumer Borrowing The long decline of revolving credit takes a breather. Feb 08, 2011 ICSC, Redbook Sales Week Ending February 5 Chain store sales bounce up but continue to lag the late-2010 trend. Feb 07, 2011 Improved Auto Lending Landscape Will Support Vehicle Sales in 2011 But it will be a slow thaw for poorer quality borrowers Feb 01, 2011 Homeownership Falls and Vacancies Stay High Far too many homes clog the market, keeping downward pressure on prices. Feb 01, 2011 ICSC, Redbook Sales Week Ending January 29 Weather is limiting consumers' ability to shop. Feb 01, 2011 Senior Loan Officer Survey Suggests Uneven Easing of Standards Only prime borrowers are seeing much in the way of looser standards on mortgage loans. Jan 31, 2011 Core Inflation Slips Again, but Cost Pressures Build Energy and food prices are soaring, but core inflation remains low and supportive of consumer spending. Jan 28, 2011 Compensation Growth Holds Steady Wages and salaries improved after a brief blip downward. Jan 21, 2011 Credit Condition Improvement Slowed in December Deleveraging slowed in December, but so did the improvement in credit quality. Jan 14, 2011 Headline Inflation Leaps, Core Holds Energy prices drove the headline CPI sharply higher, while services prices supported core inflation. Jan 14, 2011 Unexpected Dip in Michigan Confidence The sentiment index remains unable to break out of its range. Jan 14, 2011 Even Strong Holiday Sales Leave Some Segments Below Prerecession Peaks Healthy sales growth will continue. Jan 12, 2011 Payroll Tax Holiday Will Not Be Wasted at the Pump Record gas prices needed to offset direct benefit of payroll tax holiday. Jan 12, 2011 Improvement in Credit Conditions Pauses Temporarily Lack of improvement in the labor market is mostly to blame. Jan 07, 2011 Consumer Credit Expands More Slowly The recent surge in federal government nonrevolving balances ends. Jan 07, 2011 Employment Report Fails to Live Up to Expectations Payroll employment disappoints, but the unemployment rate declines. Jan 06, 2011 Chain Store Sales Point to a Good Holiday Season Growth was better than the level of sales. Jan 04, 2011 ICSC, Redbook Sales Week Ending January 1 Post-Christmas shopping carrying some momentum. Dec 28, 2010 ICSC, Redbook Sales Week Ending December 25 Last minute holiday rush lifts spending growth. Dec 23, 2010 Income Holds Up Well Though below the prior month's pace, income growth nonetheless beat expectations. Dec 21, 2010 Population Growth Weakest Since the 1930s Few surprises as the West and South lead the way. Dec 21, 2010 How Will the Foreclosure Mess Affect Consumers? Another surge in distress sales may hurt home equity next year. Dec 20, 2010 Consumer Travel Jumps As consumers find their footing, discretionary spending is rebounding. Dec 17, 2010 Debt Payments Plunge Again Slower income growth reduces decline in debt service and financial obligations ratios. Dec 15, 2010 Weekly Sales Summary Spending not accelerating quickly with a few more weeks left for holiday shopping. Dec 14, 2010 ICSC, Redbook Sales Week Ending December 11 Consumers are increasing spending but not storming retailers. Dec 13, 2010 Job Growth Set to Accelerate in Coming Quarters The federal stimulus and stepped-up need for workers will boost employment. Dec 08, 2010 Nonrevolving Credit Drives Consumer Borrowing Higher Government-backed student loans push up nonrevolving balances. Dec 07, 2010 Payroll Tax Holiday Will Provide Big Boost to Consumer Spending The tax holiday is a key factor behind the forecast for faster growth and a better labor market in 2011. Dec 03, 2010 A Not So Jolly Pre-Holiday Labor Market Report November's private sector job gains were the smallest since January. Dec 02, 2010 Vehicle Sales Hold Onto Recent Gains Pent-up demand, particularly for trucks, underpins sales. Dec 02, 2010 Beige Book Points to Cautious Optimism on Spending The tone of the November Beige Book was more upbeat on consumer spending. Nov 30, 2010 ICSC, Redbook Sales Week Ending November 27 Black Friday spurs shopping, though survey still suggests a slow holiday start. Nov 22, 2010 Another Positive Credit Quality Report Federal Reserve shows lower delinquencies and defaults in the third quarter. Nov 22, 2010 Why Unemployment Insurance Benefits Matter If Congress fails to pass another extension of federal benefits, it would be unprecedented. Nov 18, 2010 Recovery in Online Retail Sales Continues E-commerce sales accelerate in the third quarter. Nov 16, 2010 Consumers Returning to Old Spending Habits Wal-Mart’s weakness confirms consumers are loosening their purse strings. Nov 12, 2010 Expiration of UI Legislation Will Not Undermine Recovery Unemployed lose out, but recovery will press on. Nov 11, 2010 Deleveraging Continues and Delinquencies Fall in October Defaults yet to follow delinquencies lower. Nov 09, 2010 Credit Crunch Not Yet Fully Played Out Banks reined in lending standards on mortgages in the latest quarter. Nov 05, 2010 October Employment Surprise Payroll employment gains were much stronger than had been expected. Nov 04, 2010 Chain Store Sales Slip in Warm October Weather weighed on growth, but the trend is still one of anemic expansion. Nov 04, 2010 Trucks Keep Recovery of Vehicle Sales on Track Sales rate rises well above year-to-date average. Nov 02, 2010 ICSC, Redbook Sales Week Ending October 30 Consumer spending is not yet firmly recovering. Nov 01, 2010 Inflation Running Uncomfortably Low September price data further justify an additional monetary stimulus. Nov 01, 2010 Spending Growth Weakens in September Third quarter spending growth was solid despite September's slip. Nov 01, 2010 Income Surprises on the Downside Flat wages and less support from emergency UI benefits combined to drag total income lower. Oct 29, 2010 Consumers Remain in a Funk Confidence moved little in October, remaining at recessionary levels. Oct 28, 2010 Cash-Out Refinancing on the Back Burner Homeowners were more likely to refinance to reduce their payment. Oct 26, 2010 Recovery Will Weather Loss of Jobless Benefits Lost income will deliver a minor hit to spending this quarter. Oct 26, 2010 Conference Board Confidence Recovers a Little The index remains low enough to cloud spending outlook. Oct 26, 2010 ICSC, Redbook Sales Week Ending October 23 Consumers are still too nervous to build spending momentum. Oct 25, 2010 Middle Income Earners, Younger Households Cut Spending Retirees were the only age group to increase spending. Oct 20, 2010 October Beige Book Brings Mixed Messages on Spending Expectations are for a decent, but unspectacular holiday shopping season. Oct 19, 2010 This Year's Labor Market Has Winners and Losers Few higher-quality jobs are being created this year. Oct 19, 2010 ICSC, Redbook Sales Week Ending October 16 Little momentum in consumer spending patterns. Oct 15, 2010 No Inflation Adjustment, but More Transfer Payments Next Year More consumers will be eligible for benefits. Oct 15, 2010 Headline Inflation Slows, Core Still Absent Disinflationary presures are still evident in the economy. Oct 13, 2010 Recession Undermines Health Insurance Coverage Mounting job losses brought the rate of U.S. health insurance coverage to a record low in 2009. Oct 12, 2010 By Choice or by Force, Consumers Deleverage Persistent economic weakness identifies two camps of solid and weak borrowers with little room in between. Oct 12, 2010 ICSC, Redbook Sales Week Ending October 9 Spending has yet to pull out of its recent slump. Oct 11, 2010 More Deleveraging and Defaults in September Credit conditions remain weak despite sharp drops in early-stage delinquencies. Oct 08, 2010 Painfully Slow Labor Market Recovery Job gains in the private sector are being trumped by public sector losses. Oct 07, 2010 Revolving Credit Drags Down Consumer Borrowing Lacking confidence, consumers are still deleveraging. Oct 06, 2010 Dimmer Housing Outlook a Risk to Consumers The worsening near-term outlook for housing will present problems for consumers. Oct 05, 2010 Highlights of 2009 Consumer Expenditure Survey Consumers pulled back as recession carried into 2009. Oct 05, 2010 ICSC, Redbook Sales Week Ending October 2 Mixed results don't change moderating growth story. Oct 04, 2010 Replacement Demand and New Models Boost Vehicle Sales in September Vehicle sales reached their highest pace of the year. Oct 01, 2010 Income Growth Encouraging, Still Not a Strong Rebound The resumption of extended and emergency unemployment insurance benefits supported growth. Oct 01, 2010 Confidence Falls Again After improving in August, confidence moved lower but stayed within its recent range in September. Sep 23, 2010 Consumers Traveling Again A quick rebound is not likely because of the problems in the labor market. Sep 23, 2010 Lower Gas Prices Could Help This Holiday Shopping Season With the recovery having slowed since this spring, retailers can use the help. Sep 20, 2010 Longest Postwar Recession Is Officially in the Books What matters now is how long the recovery will take. Sep 20, 2010 Household Balance Sheet Repair Slows Household wealth fell last quarter as equity prices declined. Sep 17, 2010 Core Inflation Is Still on Shaky Ground Renewed weakness in housing kept the core CPI in check. Sep 17, 2010 Confidence Under Renewed Pressure The University of Michigan index unexpectedly declined in September. Sep 17, 2010 Household Income 2009 Highlights With the economy in recession, incomes fell, poverty rose, and uninsurance rates increased last year. Sep 16, 2010 Holiday Sales Will Disappoint Again Prospects for the holiday shopping season are not promising. Sep 16, 2010 Import Prices Cast Doubt on Durability of August Retail Sales A jump in food import prices likely provided a temporary boost to nominal sales. Sep 15, 2010 Impact of Tax Cut Proposals: A Prudent Middle Course A compromise that addresses both the near-term recovery threat and the long-term fiscal threat. Sep 14, 2010 Temporary Factors Boost August Retail Sales Back-to-school shopping lifts sales in the month. Sep 14, 2010 ICSC, Redbook Sales Week Ending September 11 Risks of renewed spending downturn are waning. Sep 10, 2010 Tentative Labor Market Means Slow Growth for Spending Skittish employers keep wage growth depressed. Sep 10, 2010 Beige Book Points to Sturdy Consumer Spending But spending is still relegated to value-priced items. Sep 09, 2010 Weekly Sales Summary Labor Day and back-to-school shopping are important trends in latest week. Sep 08, 2010 ICSC, Redbook Sales Week Ending September 4 Chain store sales have slumped in recent weeks. Sep 02, 2010 Vehicle Sales Weaken Slightly Consumers struggle, but automakers avoid generous incentives. Aug 31, 2010 ICSC, Redbook Sales Week Ending August 28 Spending levels off, only modest year-ago growth. Aug 24, 2010 ICSC, Redbook Sales Week Ending August 21 Frugal consumers contribute to the downshift in growth. Aug 23, 2010 Credit Quality Improves Inconsistently Consumer loans and mortgage are experiencing different dynamics. Aug 17, 2010 Modest Acceleration in Online Retail Sales Internet sales post small gain, outlook calls for slow improvement. Aug 17, 2010 ICSC, Redbook Sales Week Ending August 14 Recent softer results do not challenge slow spending growth story. Aug 17, 2010 Credit Crunch Shifts Gears to Easing For the first time in four years, prime mortgage and credit card standards eased on net. Aug 16, 2010 Slower Improvement Includes Credit Conditions The pace of improvement is consistent with the economic environment. Aug 16, 2010 Men Have Fared Better Than Women During the Recovery The vast majority of net new jobs have gone to men. Aug 13, 2010 Journey to Normal Levels of Inflation Resumes Headine inflation returns to positive territory as the commodity cycle comes back to life. Aug 12, 2010 Less Discounting of Vehicles May Slow Recovery of Sales Domestic vehicle manufacturers have changed their pricing strategy. Aug 09, 2010 Borrowing Is Gradually Stabilizing Credit balances steadier despite weaker spending growth. Jul 30, 2010 Slow and Steady Compensation Growth After a big benefits jump in the first quarter, growth eased. Jul 23, 2010 Return of Jobless Aid Will Support Income But the implication for spending will be small. Jul 20, 2010 ICSC, Redbook Sales Week Ending July 17 Mixed news consistent with fragile spending recovery. Jul 16, 2010 Core CPI Holding Out Against Deflation Headline inflation is still stuck in deflation, but core prices are showing strength. Jul 16, 2010 Good News for Spending Outlook Hidden in Mortgage Data Refinancing is lowering mortgage payments. Jul 16, 2010 Slower Spending Growth Typical for a Recovery Consumers show signs of fatigue, but recovery will prevail. Jul 15, 2010 Credit Card Chargeoffs Will Fall Ahead of Unemployment Another unique element of this cycle. Jul 13, 2010 ICSC, Redbook Sales Week Ending July 10 Consumers pull back following recent acceleration. Jul 09, 2010 UI Benefits Matter for Consumer Spending Delaying the extension of federal UI benefits has real consequences for the recovery. Jul 07, 2010 Consumer Credit Quality Trending Upward ABA data add to evidence of improving credit quality. Jul 02, 2010 Disappointing June Employment Report Census jobs ending while fragile business confidence weighs on private sector. Jul 01, 2010 Income Constraints Growing for Unemployed Lack of further unemployment benefit legislation further burdening low-income consumers. Jun 29, 2010 ICSC, Redbook Sales Week Ending June 26 Mixed consumer spending data point to continued weakness. Jun 28, 2010 Headline Inflation Largely Absent Core prices rose in May, but headline inflation is stuck near zero because of low energy prices. Jun 22, 2010 An End to the Staycation? Tourism spending rose in the first quarter, but a strong rebound is unlikely. Jun 22, 2010 ICSC, Redbook Sales Week Ending June 19 Customer traffic slowing, particularly at department stores. Jun 21, 2010 Cash for Appliances Provides Temporary Boost Much like cash for clunkers, the program juiced sales for a few months. Jun 11, 2010 Gains in Productivity Suppress New Hiring Most new jobs are in low value-added industries. Jun 08, 2010 Consumer Credit Is Treading Water Nonrevolving credit balances increased while revolving balances fell in April. Jun 04, 2010 Census Hiring Hides Labor Market Pause Private sector job growth faltered, and the labor force shrank. May 28, 2010 Prices on a Tight Leash Inflation remains a distant concern at this stage of the recovery. May 28, 2010 Wage Growth, Lower Taxes Support Income Growth Revisions to personal taxes show a higher savings rate. May 28, 2010 Consumer Fundamentals Improve More Than Confidence Confidence hints at improvement but remains recessionary. May 26, 2010 More Evidence of Gradually Improving Credit Conditions Federal Reserve data show charge-offs are down. May 20, 2010 Increasing Impact of HAMP on Mortgage Credit Quality MBA data show late delinquencies are up, foreclosure starts are down. May 19, 2010 Underwater Homeowners: How Bad Is It? Negative equity is still posing a threat to housing market recovery. May 19, 2010 Online Retail Sales Slow Unexpectedly Retail e-commerce sales growth slowed measurably in the three months to March. May 18, 2010 ICSC, Redbook Sales Week Ending May 15 Unfavorable weather has consumers taking the week off. May 14, 2010 Michigan Confidence Up, but Still Range-Bound Confidence is still at a recessionary level. May 11, 2010 Mobility Improves Modestly in 2009 Consumers are still less likely than historically to move. May 07, 2010 Labor Market Gains Momentum in April April marks the fourth consecutive month of acceleration in payroll employment. May 06, 2010 Chain Store Sales Falter After March's Strong Growth Averaging the two months shows paints a much better picture. May 04, 2010 Credit Crunch at a Turning Point? Not yet easing standards, banks are no longer ratcheting them in. Apr 21, 2010 Weekly Sales Summary Moderation following Easter, but still relatively strong spending growth. Apr 20, 2010 ICSC, Redbook Sales Week Ending April 17 Spending data remain generally strong despite weak fundamentals. Apr 16, 2010 Michigan Confidence Takes a Wrong Turn In April Consumers remain nervous nine months into the recovery. Apr 15, 2010 Strategic Defaults: Downside Risk for Mortgage Credit Quality Negative equity encourages homeowners to default on their mortgages even when affordable—a downside risk for housing. Apr 14, 2010 Consumer Prices: Still Avoiding Deflation Top-line inflation is still low but has avoided going negative so far. Apr 13, 2010 ICSC, Redbook Sales Week Ending April 10 Consumers increase spending despite Easter drag. Apr 12, 2010 Deleveraging Impacting Credit Conditions Delinquencies keep falling despite declining balances. Apr 09, 2010 March Employment Report Contained Significant Weakness Hiring and the quality of new jobs remains weak. Apr 07, 2010 Consumer Credit Conditions Improve Modestly Signs improvement is gaining traction become increasingly visible. Apr 06, 2010 ICSC, Redbook Sales Week Ending April 3 Easter shift lifts growth; ICSC revises forecast. Apr 02, 2010 Back to Job Growth Job gains returned in March, though the headline number is misleading. Mar 30, 2010 Disconnect Between Confidence and Spending Is Increasingly Visible Spending growth precedes confidence gains as in the early 1990s. Mar 30, 2010 Surge in Incentive Spending Will Help Boost Consumer Purchases of Autos Recent strength in vehicle prices will be short-lived. Mar 30, 2010 ICSC, Redbook Sales Week Ending March 27 Spending gains beginning to come more frequently. Mar 29, 2010 Deflation: Not Quite There Yet Consumer price inflation is alarmingly low, but will move back to positive territory by year end. Mar 29, 2010 Income Growth Falls Flat No change in tax burdens held disposable income growth flat, too. Mar 23, 2010 Consumers Were Less Likely to Move in 2009 The broad recession held metro area mobility in check. Mar 23, 2010 Outlook: Spending Growth will continue, but the pace will remain modest through the remainder of this year. Mar 22, 2010 Tourism Struggles as Consumers Focus Elsewhere In 2009, tourism spending contracted for the second consecutive year. Mar 18, 2010 Living on the Edge of Deflation The slow rate of recovery translates to very low inflation. Mar 17, 2010 Jobs Bill Doesn't Alter the Forecast A modest boost to consumers, but this was already included in the forecast. Mar 16, 2010 ICSC, Redbook Sales Week Ending March 13 Pent-up demand following weather likely still having an impact. Mar 16, 2010 Poor State and Local Government Conditions Threaten Labor Market While output growth has now resumed in the private sector, more pain lies ahead for state and local government budgets. Mar 16, 2010 Housing: No Help to Consumer Spending This Year Housing's weak start in 2010 portends a fitful recovery, with negative implications for consumer spending. Mar 12, 2010 Labor Market Close to Stabilizing, Recovery Still Uncertain Layoffs have abated, but there is only slight improvement in hiring plans. Mar 10, 2010 Workers Losing Confidence in Retirement Capability Recession and corresponding lost wealth cushion have increased retirement concerns. Mar 10, 2010 Weekly Sales Summary ICSC and Redbook show conflicting signals about early March spending trends. Mar 09, 2010 ICSC, Redbook Sales Week Ending March 6 Consumers unleash pent-up demand as weather clears. Mar 05, 2010 Consumer Credit Breaks Its Year-Long Losing Streak Consumers borrow more to sustain spending. Mar 05, 2010 Weather Dampened Employment Less Than Expected in February Payrolls are beginning to stabilize thanks to an abatement in job cuts. Mar 02, 2010 Bankruptcy Filings Dip in Fourth Quarter But weights on household finances remain severe. Mar 02, 2010 ICSC, Redbook Sales Week Ending February 27 Volatility persists, but consumers' hesitancy remains apparent. Mar 01, 2010 Income: Wage Growth Balances Other Market-Based Weakness Revisions to the second half of 2009 lowered the level of wages and saving. Feb 24, 2010 Fed: Mortgage Credit Quality Is Still Weakening Consumer loans and credit cards stabilized. Feb 22, 2010 Stabilization in Mortgage Credit Quality Is Broad Based Delinquencies and foreclosure starts declined in the fourth quarter. Feb 18, 2010 Online Retail Sales Grow Modestly Sales are well above the prior year, in contrast to total retail spending. Feb 16, 2010 The Tale of Two Surveys Seasonal factors on top of a very challenging labor market muddle January's employment data. Feb 12, 2010 New Concepts Add Detail to Income Story While revisions make the recently ended recession appear even worse. Feb 10, 2010 Weekly Sales Summary Later Super Bowl lifts year-ago growth; underlying trend remains modestly positive. Feb 09, 2010 ICSC, Redbook Sales Week Ending February 6 Shift in Super Bowl and winter weather lift sales growth. Feb 05, 2010 Slow and Steady Improvement in Labor Markets January's job losses were in line with expectations, though the unemployment rate's decline was a surprise. Feb 04, 2010 Easy Comparisons Make January Chain Store Sales Look Good Year-ago declines not reversed. Feb 03, 2010 Weekly Sales Summary Weather plays a large role in more modest year-ago growth for the week. Feb 02, 2010 Price-to-Rent Ratio Narrows, but Not Enough High price-to-rent ratio encourages strategic defaults, adding to foreclosures. Feb 02, 2010 Credit Crunch Easing but Not Yet Turning Around Lenders will need to ease standards before credit can flow normally. Feb 02, 2010 ICSC, Redbook Sales Week Ending January 30 Bad weather limits year-ago growth in the latest week. Feb 01, 2010 December: Signs of Recovery Rather Than Deflation Better consumer spending will keep inflation low and positive. Feb 01, 2010 Consumer Spending Expands More Slowly Consumers spend less on goods, but more on services. Jan 29, 2010 Compensation Growth Points to Easing Labor Market Woes A strong bounce back, however, is unlikely. Jan 26, 2010 ICSC, Redbook Sales Week Ending January 23 Low sales volume distorting trend in spending measures. Jan 21, 2010 Weekly Sales Summary Low sales volume month bringing about greater volatility in sales measures. Jan 20, 2010 ICSC, Redbook Sales Week Ending January 16 Low sales volume contribute to seasonally typical volatility. Jan 15, 2010 QCEW Data Paint Bleaker Labor Market Picture Larger job losses will hold wage growth in check. Jan 15, 2010 Consumer Prices: The Pulse Gets Fainter With energy prices in a short-term downturn, inflation declines. Jan 14, 2010 Beige Book Shows a Modest Improvement in Holiday Sales Lean inventories could be a drag on January sales. Jan 11, 2010 Sharp Decline in Consumer Credit Consumers limit credit card balances even as they resume spending. Jan 08, 2010 Terrible Year for the Labor Market Ends With Disappointment Winter weather likely overstates some of the weakness in the December report. Jan 07, 2010 Holiday Spending Ends Stronger Than It Started Sales growth is good compared with the last two years. Jan 06, 2010 Vehicle Sales Finish 2009 on a High Note Consumers increase spending broadly, but sales remain very weak. Jan 05, 2010 ICSC, Redbook Sales Week Ending January 2 Consumers begin cashing in their holiday gift cards. Dec 29, 2009 Improving Expectations Drive Confidence Gains Assessment of the present situation remains bleak. Dec 29, 2009 ICSC, Redbook Sales Week Ending December 26 Last-minute holiday shopping provides a boost to chain store sales. Dec 28, 2009 Today's Consumer Story More restrained spending growth will be a legacy of the Great Recession. Dec 23, 2009 Inflation Continues at a Deflated Pace November data suggest deflation risks are abating, but still exist. Dec 23, 2009 Michigan Confidence Up a Little Less Revision implies confidence decline in late December. Dec 22, 2009 ICSC, Redbook Sales Week Ending December 19 Winter storm puts the freeze on chain store sales. Dec 21, 2009 Financial Obligations Fall Further in the Third Quarter Consumers work to control their budgets. Dec 15, 2009 ICSC, Redbook Sales Week Ending December 12 Delayed shopping holding back chain store sales. Dec 08, 2009 ICSC, Redbook Sales Week Ending December 5 Consumers holding back on their holiday cheer. Dec 07, 2009 More Costly Winter Energy Consumers will pay more for energy as the global economy recovers. Dec 04, 2009 Labor Market in Transition but Not Yet in Recovery Fewer job cuts are behind the surprising jobs report; evidence of a resumption in hiring is less clear. Dec 03, 2009 Beige Book: Spending Is Improving but Hurdles Remain Retailers turn more upbeat about holiday sales. Dec 02, 2009 Household Saving Higher Than It Appears In recessions, negative savings by nonprofits blur trends. Dec 01, 2009 ICSC, Redbook Sales Week Ending November 28 A better start to the holiday shopping season than last year. Nov 25, 2009 Spending Resumes Its Upward Trend Stronger spending is evident across many types of goods and services. Nov 25, 2009 Inflation: Still Low, Still Steady Thanks to moderate energy prices and weak demand, both core and top-line inflation are low. Nov 25, 2009 Personal Income Growth Stabilizing, Saving Increases Revisions highlight consumer focus on saving as government still supports incomes. Nov 24, 2009 ICSC, Redbook Sales Week Ending November 21 Declines in comparable week last year boosting growth figures. Nov 20, 2009 Risks to Mortgage Credit Quality Remain High However, signs of coming improvement are growing. Nov 19, 2009 Regional Spending Comparison 2008 Housing remains the dominant expense, but it varies significantly by region. Nov 18, 2009 Online Retail Sales Maintain Recovery Consumers remain cautious, and growth will be slow through spring. Nov 18, 2009 Consumer Prices Are Still Rising Despite lower consumer confidence, there is no sign of falling prices yet. Nov 18, 2009 Fed Data Confirm Coming Credit Quality Improvement Losses mount, but not for much longer. Nov 17, 2009 Housing Inventories Remain High House price declines will soon return as inventories and excess supply climb. Nov 17, 2009 Personal Income: Training Wheels Will Come Off Removal of government support will be a major hurdle for income and spending into 2011. Nov 16, 2009 Great Recession Pushes Poverty Higher Increases in poverty were nearly universal across demographic groups. Nov 13, 2009 Why Is Spending Improving While the Job Market Is Sinking? Better-educated, higher-income households have supported increased spending in recent months. Nov 13, 2009 Long-Term Drivers of Vehicle Sales: The New Normal Once pent-up demand from recession is released, vehicle sales will stabilize below prerecession pace. Nov 12, 2009 Aging Baby Boomers and Consumer Markets Aging boomers will create disequilibrium in consumer markets. Nov 10, 2009 ICSC, Redbook Sales Week Ending November 7 Small decline in ICSC ends six straight weekly gains. Nov 06, 2009 October's Employment Report Is Disappointing and Troublesome Unemployment increased by more than expected Nov 04, 2009 The Leading Edge of Baby Boomers Becomes Seniors The aging baby boomers will disrupt metropolitan markets. Nov 04, 2009 Vehicle Sales Start Down Slow Road to Recovery Sales improve more than expected in October. Nov 04, 2009 Energy Took a Greater Share in 2008 The burden on consumers has intensified in recent years; 2009 is likely only a temporary reprieve. Oct 30, 2009 Income Flatlines in September No change in taxes and little in inflation held real growth in check, too. Oct 30, 2009 Compensation Growth Holds at Low Level Wages and benefits touched historical lows in year-ago growth. Oct 27, 2009 Spending Distribution Improves Odds of Recovery High-income households cut back the most in 2008. Oct 22, 2009 Real Incomes Tumble According to CPS Annual Survey Data, real household income suffered its largest ever drop in 2008. Oct 15, 2009 No COLA, but White House Proposes One-Time Social Security Payment The proposal would fit with our outlook for additional stimulus. Oct 15, 2009 Inflation Stayed Level in September Moderating gasoline and service prices are keeping core inflation low. Oct 14, 2009 More Evidence of Firmer Spending in September Sales But lack of cash remains a constraint. Oct 08, 2009 Chain Store Sales Declines End September sales lifted by easing comparisons and calendar effects. Oct 07, 2009 2008 Consumer Expenditure Survey Highlights Survey shows consumer habits early in the recession. Oct 07, 2009 HMDA Data Reflect Changes in Housing Finance The mortgage market contracted in 2008 as a result of the housing and credit market crisis. Oct 02, 2009 A Step Backwards for the Job Market Job losses in September were larger than anticipated, but things are slowly getting better. Oct 02, 2009 Vehicle Sales Fall After Clunkers Incentive Ends Vehicle sales return to their previous pace. Oct 01, 2009 Mixed Signs From Consumer Credit Quality Consumer credit quality deteriorated further, with some signs of stabilization. Oct 01, 2009 Consumer Spending Surges in August Cash for clunkers lifts vehicle sales and total spending. Sep 29, 2009 ICSC, Redbook Sales Week Ending September 26 Sales are not moving consistently in either direction. Sep 25, 2009 Michigan Confidence Jumps in Late September Consumers may be starting to believe the recession is over. Sep 24, 2009 Consumers Remain Heavily Burdened Temporary surge in income reduced second-quarter burdens. Sep 22, 2009 ICSC, Redbook Sales Week Ending September 19 Typical seasonal spending plunge masks flat trend. Sep 17, 2009 Health Coverage Down With Job Losses Uninsurance rates rose in 2008, reflecting tough economic times. Sep 16, 2009 Inflation Is Slowing Rather Than Speeding Up Gasoline pushes up top-line CPI, but other consumer price growth slows. Sep 15, 2009 August Retail Sales Surprisingly Strong But they do not signal a change in consumer behavior. Sep 15, 2009 ICSC, Redbook Sales Week Ending September 12 Weaker comparisons send year-ago growth higher. Sep 11, 2009 An Army of Underemployed Underemployment is at an all-time high and will stymie the job market's recovery. Sep 10, 2009 Household Income 2008 Highlights Consistent with the beginning of the recession, income fell, while poverty and uninsurance rates rose. Sep 08, 2009 Consumers Will Struggle in Early 2010 Many weights will remain even with the recession over. Sep 08, 2009 Moderating Job Cuts First Step to Labor Market Recovery But unemployment is up to its highest rate since early 1983. Sep 02, 2009 Cash for Clunkers Drives Vehicle Sales Higher Sales will fall now that the incentive has expired. Aug 28, 2009 Income Holds Its Ground Wages edged higher, as the supports from government transfers and lower taxes faded. Aug 28, 2009 Prices Stay Flat in July The economy is on the mend, but deflation is still a serious downside risk. Aug 28, 2009 No Improvement in Confidence Yet Gains will gradually come as consumers realize the recession is ending. Aug 24, 2009 Social Security Increase Not Likely in January Although tied to the CPI-W, the cost-of-living adjustment cannot take benefits lower. Aug 21, 2009 Credit Quality Might Be Approaching a Turning Point MBA data confirm reasons for optimism. Aug 18, 2009 Fed Confirms That Credit Quality Weakened Further Consumer loan delinquency and default rates rise. Aug 18, 2009 Credit Crunch Still Squeezing Consumers The latest senior loan officer survey highlights banks' tightening lending standards. Aug 17, 2009 Online Retail Sales Grew for Second Straight Quarter E-commerce sales have likely bottomed, but recovery will be slow. Aug 14, 2009 Unemployment Will Remain Elevated for Years to Come Rising numbers of jobless older workers and productivity gains will keep unemployment higher. Aug 14, 2009 Inflation Is Not Around the Corner Without rising gasoline prices, inflation still trends downward. Aug 10, 2009 Declines in Consumer Credit Accelerate Consumer credit outstanding is at its lowest since 2007 as recession reduces consumer borrowing. Aug 07, 2009 Recovery Comes Into View Job losses are growing smaller with each passing month, but numerous pitfalls abound. Aug 04, 2009 Income Struggles Following Stimulus Boost Benchmark revisions also weighed on 2009 outlook. Aug 04, 2009 Core Inflation Holds, Top-Line Edges Up Higher gasoline prices push up top-line inflation, but core prices remain steady in June. Aug 04, 2009 Vehicle Sales Take Off With Government Help About 250,000 consumers cash-in their clunkers. Jul 31, 2009 Compensation Growth Not Encouraging Quarter-ago growth picked up, but compensation is weak on a year-ago basis. Jul 27, 2009 Recession Changes Shopping Behavior Consumers focus on necessities, not housing-related goods. Jul 25, 2009 Credit Conditions: A Light at the End of the Tunnel Emerges Early delinquencies fall despite reduced balances. Jul 24, 2009 Services Spending Share Has Steadily Grown The change has been driven by inflation and economic shifts. Jul 21, 2009 Consumer Spending on Vehicles Has Improved Modestly The disappointing sales in June were due to weak sales to businesses and the government. Jul 15, 2009 Consumer Energy Prices Jump, Core Prices Hold Higher prices at the gasoline pump led to a jump in top-line inflation for June, but core prices are steady. Jul 14, 2009 Foreclosures Weigh on Consumers Rising home foreclosures are weighing on the housing market, to the detriment of a consumer recovery. Jul 10, 2009 Recession's End Will Be Little Comfort to Consumers Jobs and wages will continue to fall after the recession's end. Jul 08, 2009 Consumer Credit Declined More Slowly in May Demand for credit remains weak even as spending gradually recovers. Jul 03, 2009 A Disappointing June Employment Report Job losses increased in June following four months of moderation. Jul 03, 2009 Vehicle Sales Take Wrong Turn in June Real spending likely fell 1% at an annual rate in the second quarter. Jul 01, 2009 Uneven Gains in Confidence Future improvement in sentiment hinges on labor and housing markets. Jun 30, 2009 Financial Obligations Ratio Post Another Decline A combination of slower borrowing growth and strong income gains. Jun 30, 2009 ICSC, Redbook Sales Week Ending June 27 Tentative signs that the recent spending slump is nearing an end. Jun 26, 2009 U.S. Still at Risk of Deflation Despite improved confidence, slow consumer spending is still pulling down retail prices. Jun 26, 2009 Consumers Choosing to Save Rather Than Spend Flat real spending trends are better than last year's steep declines. Jun 26, 2009 One-Time Payments, Lower Taxes Boost Income Growth Absent their influence, disposable personal income only edged higher. Jun 26, 2009 Michigan Confidence Resumes Its Ascent Confidence improves in late June after holding steady for two months. Jun 19, 2009 Cash-for-Clunkers Attempts to Jump-Start Vehicle Sales The bill will only have a modest impact on sales. Jun 17, 2009 Consumers Will Not Spend Merrily Holiday sales will not fall as fast as spending is now, though. Jun 12, 2009 Surging Permanent Joblessness Means a Long Labor Market Recovery Joblessness at a record high for prime-age men. Jun 11, 2009 Wealth Declines Continued in the First Quarter But they may have ended in the current quarter. Jun 05, 2009 Share of Spending on Nondurable Goods Has Fallen Within the segment, however, the composition of spending has shifted more subtly. Jun 02, 2009 Credit Card Legislation Ups Costs and Lowers Access Borrowers receive greater disclosure at the same time. Jun 02, 2009 ICSC, Redbook Sales Week Ending May 30 Both measures show slightly positive year-ago sales growth. Jun 01, 2009 Consumer Spending Inched Lower in April Spending is weak, but it is no longer in free fall. May 29, 2009 MBA Data Verify Weakening Credit Conditions Mortgage credit conditions weakened substantially. May 28, 2009 Education Needs Will Contribute to Long-Run Saving Education plays a not so insignificant role in saving trends. May 27, 2009 ICSC, Redbook Sales Week Ending May 23 Mixed reports consistent with flat spending growth. May 19, 2009 A Historical Overview of Spending Trends Consumer spending patterns have changed greatly since the 1950s. May 19, 2009 ICSC, Redbook Sales Week Ending May 16 Year-ago growth in both measures falls back below zero. May 15, 2009 Consumer Prices: Service Prices Up, Energy Prices Down Top-line inflation falls with energy prices, but core prices are still recovering. May 15, 2009 Online Retail Sales Manage Weak Growth E-commerce sales inched up in the first quarter but remain below 2008 levels. May 15, 2009 Upward Trend in Michigan Holds Confidence is climbing out of the cellar but remains very low. May 05, 2009 Credit Crunch Still in Place Banks are tightening standards, but at a slower rate than late 2008. Apr 30, 2009 Inflation Holds Steady in March Core PCE inflation holds low and steady for the third straight month. Apr 30, 2009 Spending Slips in March, but Signs of Recovery Remain Consumers spend more of their newfound cash. Apr 28, 2009 Hope Springs for Housing Recent indicators of housing give hope that the correction is bottoming. Apr 20, 2009 Credit Conditions Worsen and Balance Growth Ends As balance growth ends, faint signs of hope amid soaring defaults. Apr 17, 2009 Modification Efforts Have Had Mixed Success Though trends point to potentially more success down the line. Apr 14, 2009 Retail Sales Surprisingly Decline in March Special factors and weak fundamentals are to blame. Apr 10, 2009 Rapidly Rising Unemployment Tests Safety Net Duration of unemployment is increasing rapidly. Apr 09, 2009 Refi Surge Supplementing Household Cash Flow More favorable mortgage interest rates are a powerful incentive. Apr 03, 2009 Are We Nearing a Bottom for Job Losses? The worst may be over, but it is too soon to tell. Apr 02, 2009 Credit Quality Problems Intensified ABA data point to weak credit quality at the end of 2008. Apr 01, 2009 Government Finds New Ways to Stimulate Spending Policymakers target sales of homes and new vehicles. Mar 27, 2009 Consumer Prices: Stable So Far Consumer prices show no trend toward deflation, or back toward inflation, as of yet. Mar 27, 2009 The Very Wealthy, the Less Wealthy, and the Indebted The richest 1% of households became more wealthy before the credit crisis. Mar 26, 2009 Housing ATM Is Out of Business Net home equity withdrawal is negative for third straight quarter. Mar 24, 2009 ICSC, Redbook Sales Week Ending March 21 Sales declines accelerate but remain ahead of earlier in the year. Mar 20, 2009 More Safety, Less Income Money market fund change offers greater protection but lower returns. Mar 18, 2009 February Inflation: So Far, So Good So far, the U.S. has avoided both deflation and stagflation. Mar 17, 2009 ICSC, Redbook Sales Week Ending March 14 Sales growth flattening out, still far behind last year. Mar 16, 2009 How Consumers Use Debt The 2007 SCF showed increased usage of education- and real estate-related loans. Mar 12, 2009 Retail Sales Show Spending Declines Have Moderated Income increase in January lifted spending. Mar 10, 2009 Where Job Losses Hurt the Most Minorities and those with less education are bearing the brunt of the current downturn. Mar 06, 2009 Another Disastrous Month for the Labor Market Near-record employment losses in recent months. Mar 06, 2009 Mortgage Credit Conditions Tumble Further Mortgage credit conditions weakened further as more loans became delinquent. Mar 04, 2009 Beige Book Paints Grim Picture for Consumers Rising unemployment and declining wages will test household finances. Mar 04, 2009 Vehicle Sales Are Stuck in a Downward Spiral Both fleet and retail customers buy fewer cars. Mar 03, 2009 Shifting Trends in Saving Heading Into Recession SCF shows fewer homeowners report saving. Mar 03, 2009 ICSC, Redbook Sales Week Ending February 28 ICSC and Redbook take a step back; still better than a month ago. Mar 02, 2009 Distortions Drive Income Growth Adjustments to federal pay, transfers and taxes increased January's personal income figure. Mar 02, 2009 Real Spending Gets a Temporary Lift Several one-time factors boost personal spending and income. Feb 27, 2009 Less Spending Than Thought Late in 2008 But the downward revision was solely due to energy. Feb 27, 2009 More Homeowners in Financial Trouble During Housing Boom But overall debt burdens rose modestly. Feb 25, 2009 Fed Data Confirm Credit Quality at Record Lows Confirming evidence that consumer credit conditions deteriorated severely in 2008. Feb 24, 2009 Income Growth Under Pressure as Recession Began The 2007 SCF showed that median income edged lower between 2004 and 2007. Feb 24, 2009 ICSC, Redbook Sales Week Ending February 21 Marginal improvement in sales, still lagging behind last year. Feb 23, 2009 House Prices Lifted Middle Class Wealth Data from the 2007 SCF show increases in wealth and debt, especially for the middle class between 2004 and 2007. Feb 18, 2009 ICSC, Redbook Sales Week Ending February 14 Recent sales boost doesn't change weak trend. Feb 13, 2009 Highlights of the 2007 Survey of Consumer Finances More wealth was more equally distributed in 2007. Feb 13, 2009 No Signs of Improvement in Consumer Sentiment The one index showing some strength falls back. Feb 12, 2009 Recreation Industry Hit Headwinds in 2007 Revenue growth decelerated, further strain ahead. Feb 06, 2009 Still Looking for a Bottom...and Not Finding One Job losses continue to get worse and there is no end in sight. Feb 04, 2009 Housing in Crisis: An End in Sight With the help of policymakers, the unprecedented housing downturn will bottom at the end of this year. Jan 30, 2009 Compensation Growth Slows to a Crawl Wages and benefits are rising at their slowest pace in 25 years. Jan 26, 2009 Excess Inventories May Offer Consumers Bargains Retailer woes in some segments will benefit consumers. Jan 16, 2009 Consumer Prices: Deflation Is Possible but Not Likely Top-line prices fall, but core prices hold steady even with feeble spending. Jan 16, 2009 Recession Casts a Dark Shadow on Medical Expenditures Recession is curtailing medical spending. Jan 16, 2009 Why Wage Growth Is Still Holding Up The mix of jobs being lost explains why wage growth still appears decent. Jan 15, 2009 Beige Book: More Bad News for Consumers Sharp reduction in bonuses will hurt spending in the first quarter. Jan 09, 2009 The Worst Year for the Labor Market Since 1945 The self-reinforcing recession drove broad-based and deep employment losses in 2008. Jan 09, 2009 Consumers' Appetite for Credit Diminishes More evidence that consumers are packing it in. Jan 07, 2009 Consumer Credit Quality in Trouble Credit conditions weakened in most of the credit lines covered by the ABA. Jan 06, 2009 Vehicle Sales End Their Free Fall Sales inched upward in December, but they will remain weak for months to come. Jan 06, 2009 ICSC, Redbook Sales Week Ending January 3 Early 2009 improvement not enough to reverse consistent weakness. Dec 31, 2008 ICSC, Redbook Sales Week Ending December 27 A disappointing end to the holiday shopping season. Dec 24, 2008 Falling Prices Lift Real Spending in November A slight improvement in consumer confidence helps as well. Dec 24, 2008 Deteriorating Economy Drags Down Income Growth Wages and salaries contracted in November. Dec 24, 2008 Slower Population Growth and Migration in 2008 Growth was weakest in the Northeast and strongest in the West. Dec 16, 2008 ICSC, Redbook Sales Week Ending December 13 Consumers perhaps holding back for last-minute shopping. Dec 15, 2008 Spending Became Slightly More Balanced in 2007 Highest-income half of households still account for 71% of spending. Dec 09, 2008 ICSC, Redbook Sales Week Ending December 6 A disappointing second week of the holiday shopping season. Dec 09, 2008 Housing Takes Bigger Share of Spending However, growth slowed from previous years' fast pace. Dec 08, 2008 Energy Burden Increased CE survey shows gas led consumers to spend more on energy in 2007. Dec 05, 2008 Not the Great Depression, but Greatly Depressing Nonetheless November's job loss was the largest since 1974. Dec 01, 2008 NBER: U.S. Recession Began in December 2007 The question now is how long and severe will it be. Nov 28, 2008 Consumer Spending at an Inflection Point Spending's share of GDP will decline in the long run. Nov 26, 2008 2007 Consumer Expenditure Survey Highlights Smallest gain in average spending since 2003. Nov 26, 2008 Real Spending Retreats Further in October Lacking confidence, consumers are saving rather than spending. Nov 26, 2008 No Lift to Confidence From Tumbling Gasoline Prices Confidence consistent with a severe consumer recession. Nov 25, 2008 Conference Board Confidence Index Rebounds Modestly But confidence remains consistent with a severe recession. Nov 25, 2008 Fed Announces Plan to Support Consumer and Mortgage Debt Fed pledges $800 billion to unclog credit markets. Nov 20, 2008 Senate Extends Unemployment Insurance Benefits The extension will help but not cure all that ails the consumer. Nov 19, 2008 Households Get Creative in Search for Cash Lack of cash forces households to eat into retirement assets. Nov 19, 2008 Consumer Prices Reach Deflation Status Deflation a risk as monthly core CPI inflation falls in October. Nov 19, 2008 Online Retail Sales Slow Sharply E-commerce fails to avoid retail spending slump, outlook dark for the holidays. Nov 17, 2008 The Pain Is Not Over for Consumers Expect 2009 to be worse for employment, retail sales, and income growth. Nov 13, 2008 Deteriorating Labor Market Stresses Consumers Extension of unemployment benefits would help laid-off workers. Nov 13, 2008 Treasury Wants Improved Credit Availability U.S. takes aim at improving households' access to credit. Nov 12, 2008 Some Help for Distressed Homeowners Coming This will not be enough to stem the flow of foreclosures. Nov 10, 2008 Consumer Credit Recovers in September Demand for nonrevolving credit increases temporarily. Oct 31, 2008 Real Spending Resumes Its Decline Lacking confidence and cash, consumers reduce spending broadly. Oct 31, 2008 Personal Income Strength Not Actually Comforting Personal income rose, but wage income growth was weak. Oct 31, 2008 Strong Food Inflation Remains a Burden Inflation is moderating because of declining oil and gasoline costs, but food prices haven't gotten the message. Oct 31, 2008 Slow, Steady Compensation Growth Both wage and benefit growth were little changed from the second quarter. Oct 29, 2008 Real Estate Wealth Drag Is Severe Will drag on spending beyond the bottom in house prices. Oct 28, 2008 ICSC, Redbook Sales Week Ending October 25 Low gas prices provide some lift to sales, but only a little. Oct 21, 2008 ICSC, Redbook Sales Week Ending October 18 Falling gas prices outweighed by economic concerns. Oct 16, 2008 Financial Panic Hits Retirement Accounts Reduced retirement balance will influence consumer behavior. Oct 14, 2008 ICSC, Redbook Sales Week Ending October 11 Second consecutive weekly gain in ICSC fails to bring hope. Oct 10, 2008 A Crisis of Confidence Undermines Hiring Job losses will continue until confidence returns. Oct 08, 2008 Consumers Stopped Borrowing in August Consumer credit usage falls for the first time in 10 years. Oct 08, 2008 Does MEW Still Matter? Yes, but as a drag on sales as it declines for the first time since 1992. Oct 03, 2008 Labor Market Downturn Intensified in September Labor market conditions are set to deteriorate further in the fourth quarter. Oct 03, 2008 Credit Conditions Erode Further Relief from rebate checks was limited according to ABA data. Oct 03, 2008 Consumers Living With Family Do Best Those living with unrelated persons are the worst off. Oct 01, 2008 Insights Into the Relationship of Wealth and Savings III Saving rate has been improving in several age cohorts for more than two years now. Sep 30, 2008 ICSC, Redbook Sales Week Ending September 27 The ICSC's fourth consecutive weekly decline. Sep 25, 2008 Number of Americans in Poverty Increases Modestly Very little change in poverty rates across demographic cohorts. Sep 24, 2008 Insights Into the Relationship of Wealth and Savings II Easy access to credit and rapid asset appreciation had a negative impact on the saving rate. Sep 24, 2008 Policymakers Act to Combat Financial Crisis Even with the government engaged, the economic fallout will be significant. Sep 23, 2008 Financial Obligations Ratio Declines Tax rebates' boost to disposable income the major factor. Sep 19, 2008 Insights Into the Relationship of Wealth and Savings I Households' motivations for saving have changed significantly in last two decades. Sep 16, 2008 Inflation Peaks, for Now Headline inflation declined in August but core prices remain elevated. Sep 11, 2008 Home Mortgage Originations Tumbled in 2007 HMDA data show fallout from the bursting housing bubble. Sep 09, 2008 A—Temporary?—Moderation in Uninsured Rates Health insurance remains more common among old and young. Sep 09, 2008 ICSC, Redbook Sales Week Ending September 6 Moderating growth as tax rebates' impact fades. Sep 08, 2008 U.S. Takes Control of Fannie and Freddie Government actions will narrow mortgage spreads. Sep 08, 2008 MBA Data Point to Mounting Foreclosures Rebate checks had a measurable but temporary effect on mortgage credit quality. Sep 05, 2008 The Job Figures Prove It…We’re in a Recession Rapid labor market deterioration is spreading to all reaches of the U.S. economy. Sep 04, 2008 Vehicle Sales Finally Shift Into Forward Gear Light trucks break a year-long losing streak. Aug 29, 2008 Inflation Peaks Just in Time for Consumers PCE inflation is high, but poised to follow energy prices lower. Aug 29, 2008 July Income Growth Distorted by Rebate Effects A change in rebate distributions drives weaker personal income. Aug 26, 2008 Household Income 2007 Highlights Higher real median incomes and more health insurance coverage. Aug 26, 2008 ICSC, Redbook Sales Week Ending August 23 Mixed messages in two chain store sales reports. Aug 15, 2008 E-Commerce Sales Respond to Rebates Internet sales pick up in the second quarter, though year-ago growth slows. Aug 15, 2008 A Pop in Population Growth The Census Bureau's newest projections show faster population growth than previously forecast. Aug 15, 2008 Inflation Gas Pedal Is Off, but Speed Is Still High It will take some time before falling oil and gasoline prices are passed through to lower inflation. Aug 15, 2008 Confidence Surprisingly Slips While up for the month, confidence fell from late July to early August. Aug 13, 2008 Waning Rebate Impact Weighs on Retail Sales in July But modest growth continues outside autos. Aug 08, 2008 Job Losses Are Hitting Lower-Paid Workers More Higher-paying blue-collar jobs are also disappearing. Aug 06, 2008 Real Spending Takes a Step Backward Demand is exceptionally weak for motor vehicles and other durables. Aug 06, 2008 Inflation Might Have Turned the Corner June's PCE numbers herald slower inflation in the coming year. Aug 05, 2008 Modest Income Growth in June Lower rebate distributions make personal income comparatively weaker. Aug 04, 2008 Vehicle Sales Are Running on Empty Lower gasoline prices cannot lure buyers into showrooms. Jul 31, 2008 Wage Growth Dips in the Second Quarter Rounding masks a deceleration in wages and salaries. Jul 31, 2008 Spending Growth Slowed More Before Rebates Revisions show more slowing in spending growth. Jul 29, 2008 ICSC, Redbook Sales Week Ending July 26 Rebates and lower gas prices lift chain store sales. Jul 28, 2008 Minimum Wage Risks and Rewards Stimulus checks spent, higher minimum wage will support spending for low-income workers. Jul 25, 2008 Rebates Prove Preventative, Not Healing The gas price blow could have been so much worse. Jul 15, 2008 Retail Sales Concentrated on Necessities in June Pressures on consumer finances remain evident. Jul 14, 2008 More Responsible Mortgage Lending Fed finalizes plan to protect consumers from predatory lending. Jul 14, 2008 Troubles at Fannie and Freddie Will Extend Housing Correction Mammoth financial institutions vital to the nation’s housing market. Jul 09, 2008 Stimulus Checks Did Not Ease Credit Usage in May Revolving credit balances increase at a steady rate. Jul 07, 2008 Washington Lends Helping Hand to Laid-Off Workers But benefits to consumers will be limited. Jul 03, 2008 Labor Market Deterioration Continued in June Employment losses are broad-based, the unemployment rate remained elavated, and real income declined. Jul 02, 2008 Disaster for Vehicle Sales in June Consumers and auto dealers turn away from gas guzzlers in droves. Jun 27, 2008 Inflation Edges Up as Energy Prices Increase Inflation picked up slightly in May, thanks mainly to higher fuel costs. Jun 25, 2008 House Prices, Wealth and Spending Pin-pointing capital losses on housing assets depends on the price measure. Jun 18, 2008 Mortgage Equity Withdrawal Tumbles The full impact of falling MEW is waiting in the wings. Jun 16, 2008 Tax Rebates: Spending, but Not Happy About It? Retail data suggest rebates are being spent. Jun 13, 2008 Are Consumers Better Off Than Last Year?…Probably Not Real wages are falling across nearly every industry. Jun 04, 2008 Truck Sales Downshift Again Vehicle sales suffer as consumer preferences go through a sea change. May 13, 2008 Healthy Gain in April Retail Sales Excluding Autos Sales still dominated by food and energy prices. May 09, 2008 Brief Downturn and Rapid Jobs Recovery Fewer jobs created in expansion; fewer will be lost in recession. May 08, 2008 Demand for Consumer Credit Increases Consumers utilize both revolving and non-revolving credit. May 05, 2008 Banks Put the Squeeze on Lending Reduction in the availability of credit poses a challenge to spending. May 05, 2008 Cash-Out Refinancing Slams on the Brakes Share taking larger loan amount hits multiyear low. May 02, 2008 A Kinder, Gentler Recession This labor market downturn will be brief and comparatively painless. Apr 04, 2008 Convincing Evidence of Recession in March Jobs Report Labor market contraction has become a self-reinforcing trend. Apr 03, 2008 ABA Delinquency Rates Verify Weakening Credit Quality As stress on households intensifies. Mar 28, 2008 The Wait Is Over: Inflation Is Finally Coming Down Core prices showed weaker growth in February. Mar 25, 2008 ICSC, Redbook Sales Week Ending March 22 Weakest year-over-year growth in nearly five years by one measure. Mar 14, 2008 Stepping Out of the Labor Force Declining labor force participation reflects poor employment prospects. Mar 12, 2008 Financial Obligations Remain High Even though growth in debt payments is at a nearly 14-year low. Mar 07, 2008 The Recession Is Here Job losses in two consecutive months more than likely signal recession. Mar 06, 2008 Record High Energy Prices Exacerbate Consumer Woes Consumers scale back energy consumption. Feb 29, 2008 Inflation Weighs on Consumers Despite the current economic downturn, inflation for consumer goods and services remains stubbornly high. Feb 26, 2008 ICSC, Redbook Sales Week Ending February 23 Minor improvement in sales growth by one measure. Feb 20, 2008 ICSC, Redbook Sales Week Ending February 16 Energy prices and recession fears weigh on sales. Feb 15, 2008 E-commerce Sales Growth Rebounds in the Fourth Quarter Year-ago growth slows as headwinds strengthen. Feb 14, 2008 Home Cash-Outs: The ATM Is Closed The relationship between refi activity and cash-out volumes weakens. Feb 12, 2008 Mortgage Help Intensifies Policymakers step up efforts to help bail out mortgage borrowers. Feb 07, 2008 The Labor Market in Recession The recession outlook now calls for job declines through the first half of 2008. Feb 05, 2008 ICSC, Redbook Sales Week Ending February 2 Year-over-year growth below 2% for fifth consecutive week. Feb 04, 2008 Vehicle Sales Hit the Skids in January Weakening labor market weighs on consumer spending power. Feb 01, 2008 January Employment Report Tips the Scale for Recession January employment report confirms contraction in U.S. economy. Jan 31, 2008 Inflation Pushes the Limits But underlying fundamentals don't support further acceleration. Jan 30, 2008 Consumers Star Once Again Despite modest growth, real spending leads in the third quarter. Jan 29, 2008 Confidence Stabilizing? Conference Board index reversed December gains, but falls no further. Jan 18, 2008 One Step Closer to a Fiscal Stimulus Package President Bush calls for "rapid" tax relief. Jan 16, 2008 Inflationary Trends Remain Under Control Lower energy prices were some relief this month. Jan 15, 2008 ICSC, Redbook Sales Week Ending January 12 Weakest year-over-year growth since July 2003 by one measure. Jan 14, 2008 Job Seekers Need Not Despair in 2008 The economy will create plenty of jobs in 2008, even if it sinks into recession. Jan 04, 2008 Job Market Ends 2007 on a Sour Note The job market is now following suit with the rest of the economy. Jan 04, 2008 Vehicle Sales Improve Slightly as 2007 Ends But automakers cannot put a good spin on a bad situation. Jan 02, 2008 ICSC, Redbook Sales Week Ending December 29 Strong last-minute shopping puts a floor under sales. Dec 26, 2007 Consumers in 2008: Not a Pretty Picture Lower credit quality, spending and wealth growth. Dec 07, 2007 A Near-Perfect Jobs Report Spending growth hinges on the job market...and so far, so good. Dec 04, 2007 High-Income Households Drive Aggregate Spending Half of households account for 72% of spending. Nov 30, 2007 Underlying Inflation Continues to Hold Steady But energy prices accelerated again in October. Nov 28, 2007 More Evidence of Eroding Mortgage Credit Quality Fed data confirm household finances are stretched. Nov 20, 2007 ICSC, Redbook Sales Week Ending November 17 Retailers cross fingers as holiday shopping season approaches. Nov 15, 2007 Energy Takes Up a Larger Chunk of Spending No relief in sight as oil prices remain elevated. Nov 13, 2007 ICSC, Redbook Sales Week Ending November 10 Retailers crossing fingers as holiday season quickly approaches. Nov 09, 2007 Waiting for the Bottom to Drop Out of the Job Market The job market is much weaker than it looks. Nov 07, 2007 Consumer Credit Growth Hits a Speed Bump Weak demand for autos weighs on nonrevolving credit. Nov 05, 2007 Banks Tighten the Vise on Lending It's no longer a subprime story; prime borrowers pinched as well. Nov 02, 2007 October's Employment Situation: Too Good to Last The rebound in payroll growth hides worrying trends. Oct 31, 2007 Wage Growth Holds Up, for Now Developing slack in the labor market points to slower wage growth. Oct 05, 2007 No Slowing Down Demand for Consumer Credit Rebound in vehicle sales bolsters demand for nonrevolving. Oct 05, 2007 Only Moderate Job Growth Despite the rebound, there is ample evidence that the labor market is moderating. Oct 02, 2007 ICSC, Redbook Sales Week Ending September 29 Sales growth stalls following two weeks of hefty declines. Sep 26, 2007 Credit Problems Remain Isolated to Mortgages Slower hiring will lead to a deterioration in other segments. Sep 17, 2007 Equity Markets Supported Wealth in the Second Quarter Continued borrowing undercut housing wealth. Sep 17, 2007 The Effects of an Aging Population on Income and Spending Changing demographics will weigh on median income growth more than spending. Sep 14, 2007 More Job Declines? Further erosion in business and consumer confidence could send the economy into recession. Sep 11, 2007 Income Is Increasing...for Now Good news in the Census Bureau's recent income report may be overshadowed by current data. Sep 10, 2007 Consumers Turn to Credit Cards in July Installment credit continues to advance, led by revolving credit. Sep 07, 2007 Housing and Credit Woes Cast a Pall Over Labor Market Though August data overstate the weakness. Sep 06, 2007 Chain Store Sales Show No Financial Market Contagion Though August sales growth is modest. Sep 05, 2007 ICSC, Redbook Sales Week Ending September 1 Another week, another batch of soft sales reports. Aug 31, 2007 No Break from Moderate Spending Trend Spending growth is unlikely to accelerate over the near term. Aug 31, 2007 PCE Inflation Continues to Moderate Slower growth in energy prices helps lower the topline index. Aug 31, 2007 Confidence Crushed by Financial Turmoil But indices remain divergent and decline may have ended. Aug 30, 2007 Snapshot of Regional House-Price Trends Industrial Midwest, previously hot housing markets among weakest. Aug 28, 2007 Fed Data Suggest Mortgage Woes Are Contained Tight labor markets keep credit card delinquencies in check. Aug 28, 2007 2006 Household Income Highlights Real median household income up for second straight year. Aug 28, 2007 Confidence Drop in August Confirmed by Conference Board Confidence drops to one-year low. Aug 24, 2007 401(k) Plans Record Solid Growth in 2006 Average account increases for fourth consecutive year. Aug 22, 2007 Investor Jitters Slam Consumer Confidence Sentiment falls to lowest level since Hurricane Katrina. Aug 15, 2007 Inflationary Pressures Continue to Moderate Tame energy prices keep a lid on topline inflation in July. Aug 10, 2007 Downhill from Here for Jobs Preponderance of indicators points to weaker employment trends. Aug 08, 2007 Installment Credit Rises Modestly Weak auto sales will crimp demand for nonrevolving credit. Aug 01, 2007 Rise in July Confidence Confirms Lack of Trend Job and income growth offsets many weights. Jul 31, 2007 Income Growth Remains Moderate in June Revisions lift wages, personal income, and saving. Jul 31, 2007 ICSC, Redbook Sales Week Ending July 28 Sales improve as back-to-school shoppers hit the stores. Jul 06, 2007 Another Solid Employment Report in June The housing market has dampened job creation much less than expected. Jul 05, 2007 Vehicle Sales Take a Turn for the Worse Domestic vehicles and light trucks were especially hard hit. Jul 02, 2007 New Rules with Small Impacts Neither new lending nor pricing rules will have major effects. Jun 29, 2007 A Decent but Not Spectacular Spending Report Second quarter U.S. consumption growth tracking below 2%. Jun 15, 2007 Core Inflationary Trends Moderate Even though energy prices are a constant source of volatility. Jun 01, 2007 Where Are the Construction Job Losses? The payroll survey is likely not fully capturing housing's downturn. May 31, 2007 Mutual Funds Garner Growing Share of Household Wealth Comprehensive ICI report focuses 2006 investment industry trends. May 31, 2007 No Spring in Spring for Housing Housing activity remains muted at the height of the selling season. May 21, 2007 Mortgage Credit Quality in Trouble Payment resets will ensure things will get worse before they improve. May 16, 2007 Slower Growth in Internet Sales But the sales continue to gain ground on brick-and-mortar stores. May 14, 2007 Subprime Woes Force Banks to Tighten Lending Standards May extend downturn in housing market. May 08, 2007 Installment Credit Growth Bounces Back in March Rising gas prices and strong retail sales lift revolving credit. May 03, 2007 Apparel Inflation Returns The result of shifting cyclical, structural, and political factors. May 01, 2007 More Evidence That Housing Has Yet to Hit Bottom Rising homeowner vacancy rate bodes ill for wealth accumulation. Apr 27, 2007 Wage Growth Accelerates as Labor Markets Tighten For now, wage growth helps ease the pain from rising energy prices. Apr 24, 2007 Home Equity Extraction Boosted Personal Spending According to analysis by Greenspan and Kennedy. Apr 18, 2007 Corn for Ethanol: Modest Impact on Food Prices Corn prices slightly noticeable at retail level. Apr 16, 2007 The Labor Market's Demographic Headwinds Steady job growth has failed to raise the labor force participation rate appreciably. Apr 09, 2007 Installment Credit Growth Slows Demand will accelerate, particularly for revolving credit. Apr 06, 2007 What Jobs Slowdown? Trend job growth is still around 150,00 per month and the job market is tighter than ever. Apr 03, 2007 Why Has the Saving Rate Declined? The decline has been broad-based across population groups. Mar 21, 2007 Bad Loans Heighten Risks for Consumers The troubles in the subprime market will weaken consumer spending, but only slightly. Mar 20, 2007 ICSC, Redbook Sales Week Ending March 17 Sales improve but gas prices are back on consumers' radar. Mar 19, 2007 Downshift in Hiring Activity Businesses are turning more cautious about staffing expansions. Mar 01, 2007 Core Price Growth Picks Up in January Overall index lower due to volatility in energy prices. Feb 27, 2007 Fed Data Confirm Erosion in Mortgage Credit Quality Credit quality will be tested this year. Feb 21, 2007 ICSC, Redbook Sales Week Ending February 17 Sales growth posts second consecutive decline. Feb 13, 2007 ICSC, Redbook Sales Week Ending February 10 Sales are inconsistent, typical for this time of year. Feb 07, 2007 Fed's Bernanke Discusses Income Inequality As the gap continues to widen across income brackets. Feb 06, 2007 Fresh Energy Pain for Consumers Gas prices have bottomed out, and will rise in the next few months. Feb 05, 2007 Mortgage and Consumer Loan Demand Weakening Look for loan demand to slow further this year. Feb 02, 2007 Vehicle Sales Hold Steady in January High consumer confidence will drive near-term sales. Feb 02, 2007 A Soft Landing for the Labor Market Labor market trends are steady, notwithstanding weak January job gains. Feb 01, 2007 Spending Ends 2006 on a Positive Note Spending continues to support aggregate economic growth. Feb 01, 2007 Wage Growth Is Healthy, but Slowing Consumers are enjoying healthy wage gains, although growth seems to have peaked. Jan 17, 2007 ICSC, Redbook Sales Week Ending January 13 Colder weather and low gasoline prices support sales. Jan 16, 2007 A Tight Labor Market Puts Upward Pressure on Wages Recent wage trends are indicative of the tight labor market. Jan 12, 2007 A Decent Holiday Season December retail sales growth surprises, but November revisions offset the surprise. Jan 08, 2007 Installment Credit Growth Accelerated in November Revolving credit usage continues to accelerate. Dec 20, 2006 Job Growth Set to Continue Employment opportunities will remain steady in the new year outside of manufacturing and construction. Dec 08, 2006 November Jobs Report Stronger Than Expected Outside of housing and manufacturing, the labor market holds steady. Dec 08, 2006 Foggy Bottom for Housing The worst of the deterioration in housing looks over, but negative implications for consumer activity still loom. Dec 08, 2006 Weakening Expectations Hurt Michigan Sentiment Current conditions strong in early December. Dec 08, 2006 Installment Credit Retreats In October Led entirely by a reduction in nonrevolving credit. Dec 07, 2006 Wealth Grows, Borrowing Shifts Stock equity drives wealth gain; mortgage borrowing slows. Dec 06, 2006 Personal Bankruptcies Remain Quite Low But don't be fooled, consumer finances are being squeezed. Dec 05, 2006 More of the Same for Autos November’s vehicle sales are flat as auto makers struggle with a saturated market. Nov 17, 2006 E-Tailers Hoping for Happy Holidays E-commerce sales proving resilient to spending slowdown. Nov 14, 2006 Signs of Trouble Ahead for the Labor Market Labor market indicators show a still healthy economy, but signs of a slowdown are emerging Nov 03, 2006 Shock and Awe in the October Jobs Report The job market is much stronger than we previously thought. Nov 03, 2006 A Sign of Things to Come for Autos October’s weaker vehicle sales expected to set the tone for 2007. Oct 31, 2006 Wage Growth: Healthy But Peaking? Wage growth has improved to the fastest pace in four years, but further acceleration is unlikely. Oct 11, 2006 An Orderly Transition for the Labor Market The slowing economy is not all bad for the average worker. Oct 06, 2006 Job Growth Slows in September Although September's jobs report was weaker than anticipated, the details are not all bad. Oct 03, 2006 Housing Costs Become a Larger Burden Robust house-price growth and high energy costs are to blame. Sep 22, 2006 Income and Earnings Move In Opposite Directions Full-time employment and non-earned income growth prove keys to mystery. Sep 20, 2006 Wealth Levels Off Slower growth in housing wealth nearly offset by declines in stock equity. Sep 12, 2006 Retail Payrolls Under the Microscope Department stores and housing are to blame for retail's lackluster performance. Sep 12, 2006 ICSC, Redbook Sales Week Ending September 9 Sales soften as consumer finances face increasing headwinds. Sep 11, 2006 Installment Credit Inches Higher Revisions illuminate consumers willingness to take on additional debt. Sep 06, 2006 How Low Will Gas Prices Go? Do not get too excited as consumer fundamentals remain mixed. Sep 05, 2006 House-Price Growth Quickly Heading South Low affordability and rising inventories are the main catalysts. Sep 01, 2006 A Near-Perfect Employment Report Solid job gains and lower unemployment, only modest earnings growth stains the picture. Aug 30, 2006 2005 Household Income Highlights Higher incomes, especially for well to do; less health coverage. Aug 18, 2006 More Weakness in Michigan Confidence The sharp drop in early August is likely at least partially temporary. Aug 18, 2006 Alternative Measures of Core Inflation No matter how you slice it consumers face rising prices. Aug 18, 2006 Summer Heat Wilts E-Commerce Sales Growth Interest rate hikes and rising energy prices put the heat on consumers, wilting both e-commerce and retail sales growth. Aug 16, 2006 Demographics Between Decennial Censuses An aging, more racially diverse, and less traditional family structure characterizes recent demographic shifts. Aug 04, 2006 The Job Market Weakens in July Job gains disappoint and unemployment rises, but wage growth continues. Aug 03, 2006 Consumers Buy More Cars, but Not American Ones U.S vehicle market share sinks to new low. Aug 01, 2006 ICSC, Redbook Sales Week Ending July 29 Chain store sales data continue to show mixed results. |
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