Category Archives: Daily

April U.S. Employment

Less-Than-Expected, Not Terrible, Quirky April Payroll Employment increased by a less-than-expected 160,000 jobs. The Unemployment Rate for April was unchanged at 5.0 percent. Average Hourly Earnings increased by 0.3 percent, showing moderate wage gains. Average Weekly Hours were increased to … Continue reading

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April ADP Jobs, ISM Non-MF, Auto Sales, March International Trade

Job Growth Eases, Service Sector Up, Autos Back on Track, Trade Gap Narrows The April ADP Employment Report showed a less-than-expected gain of 156,000 private-sector jobs. The ISM Non-Manufacturing Index increased in April to 55.7 on pricing and new orders. … Continue reading

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2016Q1 GDP, April UI Claims, FOMC

Weak First Quarter GDP Dragged Down by Business Investment, Inventories, Trade, Defense Real Gross Domestic Product for 2016Q1 increased at a weak 0.5 percent annual rate. Initial Claims for Unemployment Insurance increased by 9,000 to 257,000 for the week ending … Continue reading

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March Leading Indicators, Existing Home Sales, April UI Claims, ECB/FOMC

Indicators Positive but Fed not Likely to Respond The Conference Board’s Leading Economic Index for March increased by 0.2 percent. Existing Home Sales for March increased by 5.1 percent to a 5.33 million unit annual rate. Initial Claims for Unemployment … Continue reading

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March Retail Sales, Producer Prices, February Inventories

Headline Numbers Weak, But Details Mixed in Today’s Economic Data March Retail Sales declined by 0.3 percent, as auto sales fell. Ex-auto Retail Sales increased by 0.2 percent, supported by building materials. The Producer Price Index for Final Demand fell … Continue reading

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March ISM Non-MF, February Trade and JOLTS

Trade Expected to Drag on Q1 GDP, Service Sector and Labor Data Positive The ISM Non-Manufacturing Index for March increased to 54.5 percent. The U.S. International Trade Gap widened in February to -$47.1 billion. The JOLTS Report for February showed … Continue reading

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March U.S. Employment

Another Solid Jobs Report. No Fooling! March Payroll Employment increased by a solid 215,000 jobs, just above expectations. The Unemployment Rate for March ticked up to 5.0 percent with strong recent gains in the labor force. Average Hourly Earnings increased … Continue reading

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March ADP Jobs, January Home Prices, Yellen Speech

Jobs Growth and House Prices Support U.S. Households, Yellen Dials Back Expectations The February ADP Employment Report showed a gain of 200,000 private-sector jobs. The January Case-Shiller U.S. National House Price Index was up 5.4 percent from a year earlier. … Continue reading

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February Income and Spending

Modest Income Growth Tempered by Declining Corporate Profits U.S. Personal Income increased by 0.2 percent in February, despite strong job growth. Real disposable income gained 0.3 percent for the month. Nominal Consumer Spending increased by just 0.1 percent in February … Continue reading

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From the Desk of Robert Dye

Taking Auto Sales Out for a Test Drive Data from the Bureau of Economic Analysis shows that U.S. light vehicles sales bottomed out in the Great Recession in February 2009, at a 9.0 million unit sales rate. Auto sales have … Continue reading

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