Monthly Archives: July 2012

June Retail Sales, May Inventories

Summer Slump Saps Spending, Consumer Caution Cooled Q2 June Retail Sales decreased by 0.5 percent, the third consecutive monthly decline. Ex-auto Retail Sales decreased by 0.4 percent as gasoline prices fell. Business inventories for May fell by 0.1 percent, matching … Continue reading

Posted in Daily, United States | Comments Off

Comerica Economic Weekly

Weaker energy prices have kept a check on overall producer and consumer price indexes since March, but that check is starting to diminish as oil prices stabilize near $85 per barrel. The producer price index for finished goods increased by … Continue reading

Posted in United States, Weekly | Comments Off

June Producer Price Index, July Consumer Sentiment, UI Claims

Looking Past the Energy Price Rollercoaster, Core Price Gains are Steady The June Producer Price Index increased by 0.1 percent, after falling by 1.0 percent in May. The Core PPI for Finished Goods increased by 0.2 percent for the fourth … Continue reading

Posted in Daily, United States | Comments Off

May International Trade, JOLTS, Consumer Credit, June NFIB Survey

Backward Looking Data Pile on Soft Q2 Story, Forward Looking Data Points to Similar Q3 The U.S. International Trade gap narrowed in May to -$48.7 billion with cheaper energy imports. The Job Openings and Labor Turnover Survey for May showed … Continue reading

Posted in Daily, United States | Comments Off

Jobs Drought Threatens Recovery, Rainmaking Still on Hold

The official Bureau of Labor Statistics count of payroll jobs created in June was a disappointing 80,000, and the unemployment rate was unchanged at 8.2 percent. The June jobs data confirms that the slowdown in hiring, first visible in March, … Continue reading

Posted in Monthly, United States | Comments Off

Comerica Economic Weekly

Payroll job growth in June was again disappointing at just 80,000, and the unemployment rate was unchanged at 8.2 percent. Several factors have been blamed for the now four-month slowdown in hiring, including: (1) favorable weather early in the year … Continue reading

Posted in United States, Weekly | Comments Off

June U.S. Employment

Jobs Downshift Extends Through Q2, Unemployment Rate Stagnant at 8.2 Percent The June Payroll Employment Survey showed a weak gain of 80,000 jobs for the month. The Unemployment Rate for June was unchanged at 8.2 percent.   The average workweek … Continue reading

Posted in Daily, United States | Comments Off

June ADP Employment, ISM Non-Manufacturing, Auto Sales, UI Claims

U.S. Jobs Data Looks a Little Bit Firmer, Elsewhere Not So Much The ADP Employment Report for June showed an increase of 176,000 private sector jobs. The June ISM Non-Manufacturing Survey’s Purchasing Managers’ Index fell to 52.1 percent. Auto sales … Continue reading

Posted in Daily, United States | Comments Off

June ISM Manufacturing, May Construction

U.S. Manufacturing Cools as Residential Construction Warms Up The ISM Manufacturing Index for June fell to 49.7 percent, the first sub-50 reading since July 2009. Construction Spending for May increased by 0.9 percent, boosted by residential projects. Ominously, the Institute … Continue reading

Posted in Daily, United States | Comments Off