Monthly Archives: August 2013

July U.S. Employment and June Income and Spending

Jobs Report Confounds in Both Directions, Payrolls Weaker, Unemployment Better  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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July ISM Manufacturing, UI Claims, June Construction Spending

More Good News as Key Manufacturing Indicator Jumps  The ISM Manufacturing Index for July increased to 55.4 percent, well above expectations. Construction Spending for June dipped by 0.6 percent as public projects continued to shrink. Initial Claims for Unemployment Insurance … Continue reading

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