Category Archives: Daily

July U.S. Employment

Payrolls Up 215,000, Looks like “Some” July Payroll Employment increased by 215,000 jobs. May and June payrolls were revised up by 14,000 jobs. The Unemployment Rate for July was unchanged at 5.3 percent. Average Weekly Hours edged up to 34.6 … Continue reading

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2015Q2 GDP and Revisions, July UI Claims

Second Quarter Real GDP Increased at a 2.3% Annual Rate, Q1 Revised Up Real Gross Domestic Product for 2015Q2 increased at a 2.3 percent annual rate. First quarter real GDP growth was revised up from -0.2 to +0.6 percent. Initial … Continue reading

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June Industrial Production, PPI, Yellen Testimony

Production Gains on Utility Output, Yellen Green Lights 2015 Rate Hike Industrial Production for June increased by 0.3 percent as utility and mining output climbed. The Producer Price Index for Final Demand increased by 0.4 percent in June. FOMC Chairwoman … Continue reading

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June Retail Sales, NFIB

Disappointing June Sales Shave Q2 GDP June Retail Sales declined by 0.3 percent, after gaining 1.0 percent in May. Ex-auto Retail Sales dipped by 0.1 percent, with most broad categories down. The National Federation of Independent Business’ Small Business Optimism … Continue reading

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June U.S. Employment, Auto Sales, ISM MF, UI Claims, May Construction Spending

U.S. Gains Momentum through Q2 as Greece Melts Down June Payroll Employment increased by 223,000 jobs. April and May were revised down by 60,000. The Unemployment Rate for June fell to 5.3 percent as the labor force shrank. Average Weekly … Continue reading

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May Income/Spending, June UI Claims

Strong Spending Points to Q2 GDP Rebound U.S. Personal Income increased by 0.5 percent in May. After taxes and inflation it gained 0.2 percent. Nominal Consumer Spending increased by 0.9 percent in May driven by auto sales. Initial Claims for … Continue reading

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May Home Sales, Durable Goods Orders

Housing Heats Up Ahead of the Fed, Orders Lose Altitude on Aircraft New Home Sales for May increased by 2.2 percent to an annual rate of 546,000 units. Existing Home Sales in May gained 5.1 percent, to a 5.35 million … Continue reading

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May Retail Sales, April Inventories, June UI Claims

Consumers Missing in Action Reappear in May May Retail Sales surged by 1.2 percent as auto sales increased by 2.0 percent. Ex-auto Retail Sales increased by a strong 1.0 percent. Business Inventories for April increased by a moderate 0.4 percent. … Continue reading

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May U.S. Employment

Fear of a Job Slowdown Vanquished by Strong May Payroll Gain of 280,000 May Payroll Employment surged by 280,000, soft March numbers were revised up. The Unemployment Rate for May ticked up to 5.5 percent on a labor force rebound. … Continue reading

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May ADP Employment, Auto Sales, ISM MF and Non-MF, April Trade

U.S. Data Improves, Consistent with 2015 GDP Ramp-Up After Dismal Q1 Private-Sector Employment increased by 201,000 jobs in May, according to ADP. Light Vehicle Sales zoomed to a 17.8 million unit annual rate in May. The ISM Manufacturing Index for … Continue reading

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