Category Archives: Daily

December U.S. Employment

Middling Jobs Report Leaves Fed Expectations Unchanged Payroll Employment increased by 156,000 jobs in December, a little below expectations. The Unemployment Rate for December increased inconsequentially to 4.7 percent. Average Hourly Earnings jumped by 0.4 percent for the month, after … Continue reading

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December ADP Jobs, ISM-Non MF, UI Claims, Auto Sales

Positive Data at Year-End Shows Momentum Heading into 2017. The Curse of Q1? The December ADP Employment Report showed a gain of 153,000 private-sector jobs for the month. The ISM Non-Manufacturing Index for December was unchanged at 57.2, showing ongoing … Continue reading

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November Consumer Prices, Dec. UI Claims, NY Fed, BOE

No Surprises from Today’s Data as We Wind Down Economics Publications for the Year The November Consumer Price Index increased by 0.2 percent, boosted by energy prices. Core CPI also increased by 0.2 percent, and was up 2.1 percent over … Continue reading

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Federal Reserve Monetary Policy

Fed Raises Short-Term Interest Rates 25 Basis Points As Expected As widely expected, the Federal Reserve raised the target range of the fed funds rate by 25 basis points. The vote of the Federal Open Market Committee was unanimous. The … Continue reading

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November Retail Sales, Industrial Production and Producer Prices

 Holiday Sales, Ho Ho No? November Retail Sales increased by just 0.1 percent. Industrial Production fell by 0.4 percent in November as utility output dropped. The Producer Price Index for Final Demand increased by 0.4 percent in November. The Federal … Continue reading

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November U.S. Employment

Positive Jobs Report Sets the Stage for December 14 Rate Hike Payroll Employment increased by 178,000 jobs in November. The Unemployment Rate for November dropped to 4.6 percent. Average Hourly Earnings decreased by 0.1 percent for the month, after a … Continue reading

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November ISM-MF Index, UI Claims, October Construction Spending

The ISM Manufacturing Index for November increased to 53.2 percent, showing improving conditions. Initial Claims for Unemployment Insurance increased by 17,000, to 268,000 for the week ending Nov. 26. Construction spending increased by 0.5 percent in October. The ISM Manufacturing … Continue reading

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October Industrial Production, Producer Prices

Production Stall Continues as Utility Output Falls, Producer Prices Flat Industrial Production for October was unchanged as utility output fell. The Producer Price Index for final demand was also unchanged in October. Industrial production for October was unchanged after dipping … Continue reading

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October Retail Sales, NY Fed

Consumers Bought Cars, Drove Them October Retail Sales increased by 0.8 percent, supported by autos and gasoline. Ex-auto Retail Sales also increased by 0.8 percent. Retail sales were solid in October, gaining 0.8 percent, after increasing by a strong 1.0 … Continue reading

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The Trump Presidency and the U.S. Economy

Expect Change, but Mind the Gap(s) Donald J. Trump won the presidential election with 290 electoral votes to Clinton’s 228. Trump received 47.3 percent of the popular vote to Clinton’s 47.8 percent. The House of Representatives remains in Republican control, … Continue reading

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