Monthly Archives: September 2011

Comerica Economic Weekly

The August jobs data confirmed the determined grip of the “soft patch” and suggests that we may have to come up with a new name…”the extended soft patch.” Payroll employment was unchanged in August; zero new jobs were created on … Continue reading

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Posted in Economic Activity, General, United States | Comments Off

August Employment and Vehicle Sales

                              Payroll Survey Lays a Goose Egg, Auto Sales Parked The August Payroll Employment Survey was unchanged from July; zero new jobs were added on net. The separate Household Survey showed a sizeable gain of 331,000 jobs. The Unemployment Rate … Continue reading

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ISM Manufacturing, Construction Spending, Productivity, UI Claims

                       Manufacturing Sector Dodges Bullet with Positive ISM Report The August ISM Manufacturing Index fell slightly to a still-positive 50.6, better than expected. Construction Spending for July slipped by 1.3 percent as June spending was revised up. Q2 Productivity Growth … Continue reading

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Posted in General, United States | Comments Off