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April jobs report lower than anticipated; economy gains 266k jobs The Bureau of Labor Statistics revealed that non-farm payrolls increased 266,000 in April, and the unemployment rate rose to 6.1 percent. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report in a new NAFCU Macro Data Flash report. “Job gains in April were well below expectations, and the downward revision to March may reset expectations for how quickly the recovery will proceed through the summer,” said Long. “Many will view the poor returns from last month as confirmation that enhanced un...

CTWLK 2020 a success with Infinity and Showtec lights The Netherlands – The Muziekgieterij in Maastricht has provided the stage for three CTWLK fashion shows, watched by over 150,000 viewers through live stream or attendance. Showtec and Infinity fixtures provided the perfect solution for the difficult lighting circumstances with TF-260C7 Fresnel and iB-2R fixtures, Spectral M800 Q4, Data Flash and Stage Blinders. Fashion event planner Sessibon had organised the CTWLK hybrid fashion show, commissioned by the municipality of Maastricht to take place in the Muziekgieterij in August 2020. Sess...

March jobs report stronger than anticipated; NAFCU expects strong recovery in 2021 “The March jobs report topped expectations as the unemployment rate fell to 6 percent,” said Long. “Gains were broad, extending beyond the hard-hit restaurant and retail sectors. The employment-to-population ratio among prime age workers improved by even more than the unemployment rate, as participation picked up. “Despite the positive news, there remain 4.2 million workers that have been sidelined for more than six months, and there was only modest improvement last month among the 3.4 million workers o...

February jobs report stronger than anticipated; NAFCU expects robust gains in coming months Macro Data Flash report. Long’s commentary on the report was also featured in  Of note, the January non-farm payrolls rate was significantly revised up to a gain of 166,000. “The February jobs report was stronger than anticipated, thanks to a spike in restaurant employment,” said Long. “Private payrolls grew by 465,000, and restaurants accounted for over 60 percent of that total. “With vaccine distribution continuing to accelerate and with the economy in the initial stages of a reopening, ...

New-home sales decline for fourth consecutive month in November New-home sales declined 11 percent from October’s downwardly revised rate of 945,000 annualized unites to 841,000 units in November. In a new NAFCU Macro Data Flash report, NAFCU’s Nadir Tekarli noted that although this is the fourth consecutive decline, sales were up 20.8 percent versus November 2019. “New-home sales are generally volatile from month to month, but four consecutive months is a trend,” said Tekarli, NAFCU’s research assistant. “Regardless, new home sales levels are still near their highest level since...