Category Archives: Daily

May ADP Employment, ISM Surveys, Auto Sales, April International Trade

Mixed Bag of Data Mostly Positive, Consistent With Ongoing Moderate Expansion The ADP Employment Report for May showed a moderate increase of 179,000 private-sector jobs. The ISM Manufacturing Index for May improved to 55.4 percent, indicative of healthy conditions. The … Continue reading

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April Existing Home Sales, Leading Indicators, May UI Claims

Existing Home Sales Stabilize After a Big Slide Existing Home Sales for April ticked up by 1.3 percent, to an annual rate of 4.65 million units. The Conference Board’s Leading Economic Index increased by 0.4 percent in April. Initial Claims … Continue reading

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April Consumer and Producer Prices, Industrial Production, May UI Claims

Inflation Indicators Warming Up, Production Cooler in April, Claims Good  The April Consumer Price Index increased by a strong 0.3 percent, with broad-based gains. The April Core CPI increased by 0.2 percent, and was up 1.8 percent over 12 months. … Continue reading

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April Retail Sales, NFIB Survey, March Business Inventories

Sales Soft After March Surge, Business Sentiment Strengthens, Inventories Sag  April Retail Sales were essentially unchanged, gaining 0.1 percent after a strong March. Ex-auto Retail Sales were unchanged for the month, weighed down by electronics and appliances. The National Federation … Continue reading

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Yellen Testimony, Q1 Productivity, April ISM-NMF, March Trade

No Surprises from Yellen Testimony, Eyes on Housing  FOMC Chairwoman Janet Yellen delivered reassuring testimony before the Joint Economic Committee. U.S. Nonfarm Productivity declined at a 1.7 percent annual rate in the first quarter of 2014. Unit Labor Costs increased … Continue reading

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April U.S. Employment, Auto Sales

Upside Surprise as Job Growth Hits 288K, U Rate Down to 6.3 Percent The April Payroll Employment Survey showed a much better-than-expected gain of 288,000 jobs. The Unemployment Rate for April fell to 6.3 percent, but not for good reasons. … Continue reading

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April ISM Manufacturing, FOMC, March Construction, Income/Spending

Grab Bag of Data Consistent with Ongoing Expansion  The ISM Manufacturing Index for April increased to a solid 54.9 percent, boosted by employment. The Federal Reserve tapered asset purchases as expected. No change to the fed funds rate. March Construction … Continue reading

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2014Q1 GDP, April ADP Jobs, February House prices

As Expected, First Quarter GDP Clunker, Second Quarter Metrics Solid Real Gross Domestic Product growth was barely positive at a 0.1 percent annualized rate. The ADP Employment Report for April showed a solid gain of 220,000 private-sector jobs for the … Continue reading

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March New and Existing Home Sales

Spring Home Sales Off to a Slow Start  New Home Sales for March fell sharply by 14.5 percent to an annual rate of just 384,000 units. The Months’ Supply of New Homes on the market increased to 6.0 months’ worth … Continue reading

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March Residential Construction, Industrial Production

Starts Up, Production Up and Positive for GDP March Housing Starts were up by 2.8 percent to a 946,000 unit annual rate. Permits for new residential construction decreased in March by 2.4 percent to a 990,000 unit pace. Industrial Production … Continue reading

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