Daily Archives: January 4, 2013

December U.S. Employment, Auto Sales, ISM Non-Manufacturing

Payroll job growth in December met expectations, up 155,000 for the month. The December unemployment rate was unchanged at 7.8 percent after an upward revision to the November rate. The good news in the report is that more workers working longer hours for more pay is at least a partial counterforce to the expected hit to real disposable income in the current quarter, coming as fiscal headwinds start to blow. Continue reading

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