Category Archives: United States

Comerica Economic Weekly

We had several U.S. economic data points released this week, but the big news came from a source that is often just background information: the minutes of the Federal Open Market Committee. In the minutes of the FOMC meeting of … Continue reading

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Comerica Economic Weekly

U.S. economic data through mid-May remained consistent with an economy that is expanding while it feels the pressures of low oil prices and increasing oil prices at the same time. Retail sales increased in April by 1.3 percent, the strongest … Continue reading

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May 2016, Comerica U.S. Economic Update

When you are flying close to the treetops, you have to watch out for the downdrafts. Clearly the U.S. economy was flying close to the treetops in the first quarter of this year. Real GDP growth registered a weak 0.5 … Continue reading

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Comerica Economic Weekly

Despite the miss on the April payroll jobs numbers, U.S. economic data this week remained consistent with our expectation for a modest-to-moderate pick up in second quarter GDP growth after a weak first quarter. April’s net payroll job gains of … 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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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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Comerica Economic Weekly

As we close out first quarter U.S. data releases it has become obvious that the U.S. economy lost significant momentum over the winter. First quarter 2016 real GDP growth was a weak 0.5 percent annualized growth. On a quarter-over-quarter basis, … 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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Comerica Economic Weekly

U.S. economic data released this week from the end of the first quarter was consistent with our expectation of anemic Q1 growth, followed by improving conditions in the current quarter and beyond. Let’s start with the good news first. The … 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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