Category Archives: Daily

June ADP Jobs, Challenger Job Cuts, July UI Claims, Fed Minutes

Multiple Data Sources Point to Steady June Job Creation after May Miss The June ADP Employment Report showed a gain of 172,000 private-sector jobs. The June Challenger Job Cuts Report showed a slight increase in job cuts for June to … Continue reading

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June ISM Non-NMF, Auto Sales, May International Trade

Service Sector Gains Momentum at Mid-Year, June Employment Indicators Positive The ISM Non-Manufacturing Index for June increased to 56.5 percent. The U.S. International Trade Gap widened in May to -$41.1 billion. U.S. Auto Sales for June dipped to a 16.7 … Continue reading

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May Income and Spending, April Case-Shiller HPI

Another Solid Spending Report Supports Expectations of Stronger Q2 GDP  U.S. Personal Income increased by 0.2 percent in May. After inflation and taxes, Real Disposable Income gained 0.1 percent for the month. Nominal Consumer Spending increased by 0.4 percent in … Continue reading

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BREXIT

The World has Changed The consequences of BREXIT will be felt over years. The odds of a fed funds rate hike this year are significantly lower because of BREXIT. In a stunning rebuke to transnationalism, the citizens of the United … Continue reading

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May Consumer Prices, June UI Claims, Fed Policy, BREXIT

Warming Inflation, but Not Yet Hot, Warming BREXIT Too  The May Consumer Price Index increased by 0.2 percent with gains in energy prices. The May Core CPI also gained 0.2 percent, and was up 2.2 percent over the previous 12 … Continue reading

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May Retail Sales, NFIB Survey, Import Prices, April Inventories

Second Month of Solid Sales Supported by Gasoline May Retail Sales increased by 0.5 percent, after gaining 1.3 percent in April. Ex-auto Retail Sales improved by 0.4 percent, supported by gasoline station sales. The NFIB’s Business Optimism Index increased slightly … Continue reading

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May U.S. Employment, April International Trade

Poor May Jobs Report Reduces Likelihood of June 15 Fed Rate Hike May Payroll Employment increased by just 38,000 jobs, the lowest since September 2010. The Unemployment Rate for May fell to 4.7 percent as the labor force declined sharply. … Continue reading

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May ADP Jobs, UI Claims, ISM MF, Auto Sales

Data Shows Better, But Not Great Q2, Maybe Not Enough for Fed in June The May ADP Employment Report showed a gain of 173,000 private-sector jobs. Initial Claims for Unemployment Insurance at the end of May fell by 1,000 to … Continue reading

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April Income and Spending, March House Prices:

Consumer Spending Adds to Fed Rate Hike Expectations U.S. Personal Income increased by 0.4 percent in April. After inflation and taxes, Real Disposable Income gained 0.2 percent for the month. Nominal Consumer Spending increased by a strong 1.0 percent in … Continue reading

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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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