التسجيل
The Cefa Brief

تعليقاتاستنتاجاتوجهات نظرشروح

الأرشيف

المطابق لهذه المرشّحات: 25 مادة

المواد

  • استنتاجMacroeconomics & Markets

    Since 2022 the home-price index has risen 10.1 per cent while the median new house has sold for less each year

    The index stands at 328.5 for 2025 against 298.3 for 2022, and the median price of a new house sold runs 433, 427, 419 and 415 thousand dollars over the same four readings. The two series cover different housing and report different statistics, so neither one corrects the other.

  • استنتاجTrade & Investment

    Imports fell once in five years and that fall is the least reliable number in the series

    Imports of goods and services dropped from 3.97 to 3.86 trillion dollars in 2023, the only decline in the run. Producer prices fell that same year, which means the one movement most often read as evidence of reshoring is the one that can least bear the reading.

  • استنتاجEconomic Security

    Two thirds of the M2 increase since 2020 arrived in a single year

    The money stock is 4.26 trillion dollars larger than in 2020. Of that, 2.84 trillion came between 2020 and 2021, and the four years since have added half as much again, including the only contraction in the window.

  • استنتاجWorkforce & Skills

    Prime-age participation rose four years running, then held at 83.6 percent

    The share of the 25 to 54 population in the labour force went from 81.4 percent in 2020 to 83.6 in 2024, a gain of 2.2 points, and 2025 came in at 83.6 again. The headline rate, which covers the civilian population rather than one age band, gained 0.7 points over the same six readings and fell in the final year.

  • استنتاجWorkforce & Skills

    The quits rate has fallen below where it stood in 2020, while job openings have not

    The rate rose from 2.1 percent of employment in 2020 to 2.8 in 2022, then fell in each of the next three years to 2 percent, below where it began. Job openings peaked in the same year and remain above their own 2020 level, so the two halves of the picture no longer agree.

  • استنتاجEnergy & Power

    Crude has fallen back below its 2021 price and the all-commodities index has not

    West Texas Intermediate averaged 95 dollars a barrel in 2022 and 65 in 2025, three dollars below its 2021 reading and thirty below the peak. The producer price index for all commodities peaked in the same year, sits 1.6 per cent below that peak, and rose 2.2 per cent in the year crude fell 15.6 per cent.

  • استنتاجWorkforce & Skills

    Broad underemployment has risen in each of the last two years, to its highest reading since 2021

    The U-6 rate fell from 13.7 percent of the labour force in 2020 to 6.9 in 2022, held at 6.9 in 2023, and has since risen to 7.5 and then 8. The 1.1 points it has added from that floor exceed the 0.7 the headline unemployment rate has added from its own, but as a multiple of the headline rate the broad measure has narrowed since 2023.

  • استنتاجIndustrial Policy

    Research spending has no down year, and its largest annual addition was in 2022

    The quarterly average rose from 754 billion dollars in 2020 to 1,081 billion in 2025, 327 billion higher across five steps. The largest of those steps, 103 billion, came in 2022, and the three years since have added 139 billion between them.

  • استنتاجMacroeconomics & Markets

    Four fifths of the rise in new business applications since 2020 came in a single year

    The weekly average went from 84 thousand applications in 2020 to 104 thousand in 2021, and the four years since have added five. The 2025 reading of 109 thousand is the highest of the six, and also the third rise in a series that has fallen in the year between each one.

  • استنتاجMacroeconomics & Markets

    The debt ratio fell for three years while the debt itself rose in every year the series records

    Federal debt as a share of GDP fell from 122.3 percent in 2020 to 117.7 in 2023, then turned and reached 120.7 in 2025. The debt rose in every year the same file records, so what fell in those three years was the ratio and not the obligation.

  • استنتاجWorkforce & Skills

    The largest fall in job openings came in the year unemployment was lowest

    Openings peaked at 11.2 million on the monthly average in 2022 and have fallen in each of the three years since, by 1.9 million, then 1.6 million, then 0.6 million. The largest of those falls landed in 2023, when the unemployment rate read 3.6 percent, the lowest of its six readings, and the smallest landed in 2025, when the rate read 4.3 percent.

  • استنتاجMacroeconomics & Markets

    Average hourly earnings rose in every year of the window, and the price level rose by slightly more

    Private-sector pay went from 29.36 dollars an hour in 2020 to 36.44 in 2025, a gain of 7.08 dollars with no down year. Restated at 2020 prices using the consumer price index, the 2025 figure is 29.30 dollars, about six cents below where the series started.

  • استنتاجMacroeconomics & Markets

    The deficit widened most in the year the debt ratio was lowest

    Into 2023 the deficit widened by 313 billion dollars, the largest single-year widening in the window, and federal debt that year stood at 117.7 per cent of GDP, the lowest of its own six readings. Across the five year-on-year moves the two series ran in the same direction three times and in opposite directions twice.

  • استنتاجMacroeconomics & Markets

    The dollar index gained 7.6 points in one year and 2.0 in the three that followed

    The broad index fell to 113.1 in 2021, rose to 120.7 in 2022, and has since read 120.3, 122.9 and 122.7. Each annual point is the average of that year's observations, so a flat line between two years does not establish a quiet year inside either of them.

  • استنتاجIndustrial Policy

    Manufacturing output has been below its 2017 level in every year since 2020

    The manufacturing index read 93 on a 2017 base of 100 in 2020 and 97.3 in 2025, with a high of 98 in 2022. Total industrial production, on the same base and from the same board, crossed 100 in 2022 and has stayed above it, and the distance between the two lines has widened at every step since 2021.

  • استنتاجIndustrial Policy

    Half the capacity use gained after 2020 has since been given back

    Manufacturing capacity utilisation rose 4.7 points between 2020 and 2022, and 4.4 of them arrived in the first year. It has given back 2.3 points in the three years since.

  • استنتاجEconomic Security

    The consumer price index has not fallen in a single year since 2020

    Prices rose more slowly after 2022, and the index kept rising anyway. It stands at 322 against 258.9 five years earlier, a level about 24 percent higher.

  • استنتاجEconomic Security

    Real output per person rose again in 2025, by less than in any earlier year of the window

    Output per person has risen at every reading, from 61,127 chained 2017 dollars in 2020 to 69,749 in 2025, but the step into 2025 is 1,068 dollars and it is the smallest of the five. The total the figure is drawn from slowed in the same year, adding 0.49 trillion dollars against 0.64 in each of the two years before it, so the flatter step is not a story about population alone.

  • استنتاجMacroeconomics & Markets

    The low point of this vehicle sales window is 2022, not 2020

    The annual rate ran 14.9 million units in 2020, rose to 15.4 in 2021, then fell to 14.2 in 2022, the lowest of the six readings. Three quarters of the recovery since arrived in a single step, and the two years after it added 0.3 million units each.

  • استنتاجIndustrial Policy

    Electronics output rose more in 2025 than in the three years before it combined

    The computer and electronic product index added 8.5 points in 2025, against 8 points exactly across the three preceding years together, on a base where 2017 is 100. A narrower semiconductor index published on the same base added 21 points in that same year, and the file does not say how much of the broader move belongs to it.