Monthly Archives: April 2012

U.S. Economic Update, April 2012

 Labor Markets, Interest Rates and Shakespeare When Shakespeare’s soothsayer warned Julius Caesar to “beware the Ides of March” there were dire events ahead for the Roman emperor (he was stabbed to death in the Roman Senate).  Are we in store … Continue reading

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Comerica Economic Weekly

U.S. economic data released in early April was mixed after a solid run through the first quarter. Payroll employment for March gained 120,000, below consensus expectations of about 205,000 and breaking the string of three consecutive +200K months. There may … Continue reading

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March U.S. Employment

                   Disappointing Payroll Gain of 120K Feels More Quirky Than Ominous The March Payroll Employment Survey increased by a less than expected 120,000 jobs for the month. The separate Household Survey posted a decrease of 31,000 jobs in March after … Continue reading

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March ADP Employment, ISM Non-Manufacturing, Auto Sales, Mortgage Apps

   Bad Economy Getting Better, Still not Good, Definitely not Great The ADP Employment Report for March showed an overall increase of 209,000 private sector jobs. March ISM Non-Manufacturing Survey’s Purchasing Managers’ Index fell to 56.0 percent. Auto sales for … Continue reading

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March ISM Manufacturing, European PMI, Feb. Construction

                U.S. Manufacturing Conditions Improve, Europe Goes the Other Way The March ISM Manufacturing Index elevated to 53.4 percent with gains in production and employment. The Eurozone Manufacturing Purchasing Managers’ Index for March fell to 47.7, indicating contraction. Construction Spending … Continue reading

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