Date As of December 12, 2020
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In November, the unemployment rate declined by 0.2 percentage points to 6.7 percent, and the number of people unemployed decreased by 0.4 million to 10.7 million. | For the week ending December 12, the advance figure for seasonally adjusted initial claims was 885,000, an increase of 23,000 from the previous week's revised level. |
SOURCE: U.S. DEPARTMENT OF LABOR
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The preliminary December University of Michigan consumer sentiment reading increased 5.9 points. | Although confidence levels have recovered from the TTM low point reached in April 2020, confidence remains subdued by the pandemic impact and currently is 18.0% below the sentiment level reported in the prior-year period. | Consumer sentiment increased in early December primarily due to a more favorable long-term outlook for the economy, while year-ahead prospects for the economy as well as personal finances remained unchanged. |
SOURCE: UNIVERSITY OF MICHIGAN
SOURCE: U.S. CENSUS BUREAU
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The November residential building permit rate increased by 6.2% from October and was 14.0% above the February (pre-pandemic) rate, and 8.5% above the prior year rate. | Privately-owned housing starts increased 1.2% for November on a month-over-month basis but had still not reached pre-pandemic levels and remained 1.3% below the February rate. |
SOURCE: U.S. CENSUS BUREAU, Marketwatch
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SOURCE: U.S. CENSUS BUREAU
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SOURCE: THE WEEKLY ECONOMIC INDEX: DANIEL LEWIS, NEW YORK FEDERAL RESERVE; KAREL MERTENS, DALLAS FEDERAL RESERVE; AND JAMES STOCK, HARVARD UNIVERSITY
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SOURCE: THE CONFERENCE BOARD, ATLANTA FEDERAL RESERVE