Category Archives: Daily

January Retail Sales, December Inventories, February UI Claims

Job Gains and Cheap Gasoline Were Not Enough to Spur Sales January Retail Sales decreased by 0.8 percent, as non-gasoline categories slumped. Ex-auto Retail Sales fell by 0.9 percent. Business Inventories for December were up by 0.1 percent. Initial Claims … Continue reading

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January 2015 U.S. Employment

U.S. Jobs Machine in High Gear The January Payroll Employment Survey showed a stronger-than-expected gain of 257,000 payroll jobs. The Unemployment Rate for January ticked up to 5.7 percent. Average Weekly Hours for all employees were steady at 34.6 hours. … Continue reading

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January ADP Employment, ISM Non-Manufacturing Index, Auto Sales, Rig Count

January Numbers Point to Ongoing Momentum While Oil Patch Consolidates The January ADP Employment Report showed an increase of 213,000 private-sector jobs. The ISM Non-Manufacturing Index for December increased to a still-positive 56.7. Light Vehicle Sales for January eased to … Continue reading

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January ISM Manufacturing, December Income and Construction Spending

Manufacturing Sector Still Expanding but West Coast Docks Problematic The ISM Manufacturing Index for January decreased to a still-positive 53.5 percent. December Personal Income increased by 0.3 percent with little help from wages and salaries. December Personal Consumption Expenditures decreased … Continue reading

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2014Q4 GDP, January UI Claims

Fourth Quarter Real GDP Growth Eased to 2.6 Percent Real Gross Domestic Product growth for 2014Q4 eased to 2.6 percent after 5 percent growth in Q3. Inventories were stronger than expected, setting the stage for weaker gains in 2015Q1. Real … Continue reading

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December 2014 U.S. Employment

Another Strong Month for Job Creation, Unemployment Rate Falls to 5.6 Percent The December Payroll Employment Survey showed a gain of 252,000 payroll jobs. The Unemployment Rate for December dropped to 5.6 percent. Average Weekly Hours for all employees were … Continue reading

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January Rig Count, December ADP Employment, ISM Non-MF Index, Auto Sales, November Trade

U.S. Economy Finishes 2014 Strong, Oil Prices and Rig Count Still Sliding The December ADP Employment Report showed a strong gain of 241,000 private-sector jobs. The ISM Non-Manufacturing Index for December eased to a still-positive 56.2. Light Vehicle Sales for … Continue reading

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November Home Sales, Income and Spending, Durable Goods Orders, Q3 GDP

Naughty and Nice, Home Sales Stutter but GDP Roars Ahead New Home Sales for November declined by 1.6 percent to an annual rate of just 438,000 units. November Existing Home Sales fell by 6.1 percent, to a 4,930,000 unit annual … Continue reading

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November Leading Indicators, CPI, December UI Claims, Fedspeak

Solid Economic Data Supports Another Step in the Fed’s Pivot The Leading Economic Index for November gained 0.6 percent. The Consumer Price Index for November fell by 0.3 percent with lower gasoline prices. Initial Claims for Unemployment Insurance fell by … Continue reading

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November Residential Construction, Industrial Production, December Rig Count

 Home Construction Dips, MF Output Surpasses Pre-Recession Peak November Housing Starts dipped by 1.6 percent to a 1,028,000 unit annual rate. Permits for new residential construction fell in November by 5.2 percent to a 1,035,000 unit pace. The Industrial Production … Continue reading

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