Daily Archives: August 2, 2013

Comerica Economic Weekly

The advance estimate of 2013Q2 GDP is a good news/bad news story. The good news was that real GDP growth for the second quarter exceeded gloomy expectations at 1.7 percent. The bad news is that GDP growth in the four … Continue reading

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July U.S. Employment and June Income and Spending

Jobs Report Confounds in Both Directions, Payrolls Weaker, Unemployment BetterĀ  The July Payroll Employment Survey showed a weaker-than-expected gain of 162,000 jobs. The Unemployment Rate for July decreased to 7.4 percent, better than expected. Average Weekly Hours ticked down for … Continue reading

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