Series 86/87 Practice Test 4
10 free Series 86/87 practice questions in the real exam format, covering the official content areas, with an explanation for every answer.
Series 86/87 Practice Test 4Tutor mode
Question 1 of 10
Information and Data Collection| Indicator | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| Building permits, private housing (thousands, annual rate) | 1,520 | 1,460 | 1,390 | 1,310 |
| Average weekly initial jobless claims (thousands) | 212 | 224 | 241 | 263 |
| Manufacturers' new orders, consumer goods (% change q/q) | +1.4 | +0.6 | −0.3 | −0.9 |
| Industrial production (% change q/q, annualized) | 2.8 | 2.5 | 2.1 | 1.9 |
| Nonfarm payrolls (average monthly change, thousands) | 245 | 230 | 205 | 180 |
| Unemployment rate | 3.8 | 3.8 | 3.9 | 4.0 |
| Average duration of unemployment (weeks) | 19.2 | 19.6 | 20.3 | 21.1 |
| CPI, year over year | 3.1 | 3.4 | 3.6 | 3.7 |
| 3-month Treasury bill yield | 4.60 | 4.90 | 5.15 | 5.25 |
| 10-year Treasury note yield | 4.70 | 4.75 | 4.65 | 4.45 |
| Policy rate target, upper bound | 4.75 | 5.00 | 5.25 | 5.50 |
A research analyst covering industrial distributors is updating the macroeconomic section of an industry report using the data in Exhibit 1. Which conclusion is BEST supported by the trends from Q1 to Q4?