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FAX ARCHIVE   September 2015
Date  Subject Descriptive Information
September 29 SLOWING AHEAD Pace of Consumer Spending Growth is Slowing;  Housing Sales Eased in August; As the Mix Moved to New Homes but Prices Lower; August Travel trends Weak;  The Inventory Gain a GDP +, Has Started to Slow; In the 1970's Household Formations Benefitted From Growing 25-44 Year Olds.  Today, 35-44 Year Olds are Moving from Decline to Growth, But 25-34 Year Olds Are Going in the Opposite Direction.
September 28 BEST OF MOMENTUM Consumer Spending Highlights
September 16 LABOR Day SHIFT CONFUSION Retail Revenues August/July Little Changed;  Lodging Occupancy & Revpar August Collapse;  Income Expectations OK but No Plans to Spend It; Housing News Favorable but Home Price Expectations Keep Easing; Retail Spending Nothing if Not Volatile; Housing Units Flat but Prices Up
September 8 GOOD BUT NO BETTER Private Employment Growth Slowing & Past Its Peak;  Slowing is Both Unadjusted & SAAR Data;  Plunge in Unemployment Rate Not Jobs Related;  Hourly Earnings Rising; Wages Acceleration Still Less Than Pre-Year-End 2014 Rates; Household Formation A Function of the Young Population


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