Monthly Archives: January 2014

December U.S. Employment

Quirky Jobs Report Blasts Arctic Air on Sanguine Outlook, U. Rate Down to 6.7 Percent The December Payroll Employment Survey showed a much weaker-than-expected gain of 74,000 jobs. The Unemployment Rate for December fell to 6.7 percent as the labor … Continue reading

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December ADP Employment, November Consumer Credit, FOMC Minutes

Labor Data is Positive, FOMC Contemplates Taper Trajectory  The ADP Employment Report for December showed an increase of 238,000 private-sector jobs. Consumer Credit for November expanded by $12.3 billion, almost all the increase was in nonrevolving. The FOMC Minutes from … Continue reading

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November International Trade, December ISM Non-Manufacturing, Auto Sales, Yellen Vote

Strong Trade Data Supportive of 2013Q4 GDP, Yellen Confirmed by Senate The U.S. International Trade Gap narrowed to $34.3 billion in November, a positive for Q4 GDP. The December ISM Non-Manufacturing Index fell to a still-positive 53.0 percent. U.S. light … Continue reading

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Comerica Economic Weekly

Economic data from the end of 2013 support a cautiously optimistic view of 2014. The U.S. economy shows evidence of a continued virtuous cycle. House prices are still going up. Home builders picked up the pace late last year. Consumer … Continue reading

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