Daily Archives: June 29, 2012

Comerica Economic Weekly

Posted on June 29, 2012 by Comerica Economics

Economic data from the last week of the second quarter show a U.S. economy limping into the summer with little prospect of a sudden reacceleration. Monthly job gains have averaged only 96,000 for March through May, keeping wage and salary … Continue reading →

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May Income and Spending, Durable Goods, UI Claims

Posted on June 29, 2012 by Comerica Economics

Weak Job Growth = Weak Income Growth = Weak Spending Growth = Weak GDP U.S. Personal Income increased by 0.2 percent in May, held in check by weak hiring. Personal Consumption Expenditures were unchanged, before adjusting for inflation.  The PCE … Continue reading →

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