John Carney

John Carney

Articles by John Carney

Carney: Enhanced Jobless Benefits May Be a Drag on Retail Trade Hiring

Job openings in the retail trade sector rose in February, according to data from the Department of Labor’s Job Openings and Labor Turnover Survey. In January, employers posted 793,000 help wanted notices. These rose to 817,000 in February.

But the number of hires actually fell in February, the second straight monthly decline.

In other words, the number of people retail businesses want to hire is rising. But the number of workers accepting jobs in retail trade is falling.

P20210122AS-0140: President Joe Biden adds a log to the fire in the Oval Office of the White House Friday, Jan 22, 2021. (Official White House Photo by Adam Schultz)

Job Openings Surge Above 7 Million

Employers in the U.S. posted 7.4 million open jobs in February, an indication that economic activity was ramping up well before the Biden administration’s stimulus plan was finalized or signed into law in March.

American flag with San Francisco Bay cityscape. Smoky orange sky for Californian fires in September 2020 in United States. Composition.

U.S. Home Prices Rise at Fastest Pace in 15 Years

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering the entire U.S., reported an 11.2 percent annual gain in January, up from 10.4 percent in the previous month. That is the fastest pace for home prices since 2006, the peak of the housing bubble.

Young parents having fun spending hot sunny summer day outdoors with their children, eating slices of watermelon by the swimming pool

Consumer Confidence Surges Much Higher Than Expected

Consumer confidence soared in March to its best level in a year, the Conference Board said Tuesday. The index of consumer confidence jumped to a reading of 109.7 from a downwardly revised 90.4 in February.

American Flag jean jacket. Collar popped as confidence rises.