U.S. Economic News
November 19, 2020
U.S. Economic Indicators
Initial jobless claims rose 31,000 to 742,000 last week. The four-week moving average decreased 13,750 to 742,000. DOL Report
Existing home sales rose 4.3% to a seasonally adjusted annual rate of 6.85 million in October and were up 26.6% compared to a year ago. Home sales increased in all four major regions on both a month-on-month and year-over-year basis with the Midwest posting the strongest sales growth. NAR Report
The Conference Board’s Leading Economic Index (“LEI”) rose 0.7% in October following a 0.7% increase in September. Deceleration of the index in recent months suggests growth will moderate significantly in the finals months of 2020. Conference Board Report