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What We Are Following in the News
FTC action yesterday banning a majority of non-compete agreements is expected to create wage pressures. We also learned some very interesting jobs (like sandwich making) have been using these agreements. buff.ly/3Wd6TBZ buff.ly/3WeeOPb
There has been some concern about the US ability to auction notes. Yesterday saw impressive demand for 2-year notes issuing some $69 billion. buff.ly/3QlUg3B
New home sales rose last month to the highest level since September amid an abundance of inventory.
US business activity expanded in April at the slowest pace this year on a pullback in demand that led to the first drop in employment since 2020. buff.ly/4aM7pLH
Office attendance rose this past week, with the peak day occupancy reaching 60.9% on Tuesday — eight tenths higher than last week.
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Sales of new single-family houses in March 2024 were at a seasonally adjusted annual rate of 693,000. This is 8.8 percent (+/- 17.2%)* above the revised February 2024 estimate of 637,000. ![]()
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March 2024: +8.8* % Change![]()
February 2024 (r): -5.1* % Change
Thoughts on the Latest Economic News