November 2022

Durable Goods Manufacturers’ Shipments Inventories…

New orders for manufactured durable goods in October, up seven of the last eight months, increased $2.8 billion or 1.0% to $277.4 billion, the U.S. Census Bureau announced. This fo...

U.S. House Prices Rise 12.4…

U.S. house prices rose 12.4% from the third quarter of 2021 to the third quarter of 2022 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House pri...

Average U.S. Pay Increase Projected…

Employers in the U.S. plan to boost salaries an average of 4.6% in 2023, up from 4.2% this year, according to a new study. Employers say inflationary pressures and the ongoing chal...

U.S. Consumer Confidence Declined Again…

The Conference Board Consumer Confidence Index® decreased in November after also losing ground in October. The Index now stands at 100.2 (1985=100), down from 102.2 in October. Th...

Karmak Hires two new VPs

Karmak Inc. announced as of Nov. 1, Neil Osborn has assumed the role of VP of Development and Todd Robertson has assumed the role of VP of Sales. Since Richard Schien sold Karmak t...

Real Average Hourly Earnings Decreased…

Real average hourly earnings for all private nonfarm employees decreased 2.8% from October 2021 to October 2022. The decrease in real average hourly earnings combined with a 0.9% d...

Philadelphia Fed Manufacturing Index Fell…

Responses to the November Nonmanufacturing Business Outlook Survey suggest weakened nonmanufacturing activity in the region. The index for general activity at the firm level fell...

FTR’s Shippers Conditions Index Decline…

FTR’s Shippers Conditions Index (SCI) fell in September into negative territory at -3.1 from a positive 5.0 in August. The freight environment was tougher for shippers in Septe...

FTR Reports Net Trailer Orders…

FTR reports that U.S. trailer net orders surged in October to 44,000, rising 91% from the previous month. Orders were 161% higher than in October 2021. Backlog levels jumped 13% on...

Month: November 29, 2022