Category Archives: United States

Comerica Economic Weekly

U.S. economic data released over the last full week of September were consistent with ongoing GDP expansion. However, the data was somewhat nuanced, and subject to interpretation. The interpretation of housing-related data is challenging. The real face of the housing … Continue reading

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August New and Existing Home Sales

New Home Sales Jump in August, Existing Sales Cooler New Home Sales for August jumped by 18.0 percent, to an annual rate of 504,000. Existing Homes Sales dipped by 1.8 percent in August, to hit an annual rate of 5.05 … Continue reading

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Comerica Economic Weekly

U.S. economic data released in early September remains consistent with ongoing moderate economic expansion. The miss in August payroll employment last week, coming in at +142,000 jobs, was countered today by better than expected retail sales. Today’s retail sales report … Continue reading

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September 2014, Comerica U.S. Economic Update

The Miss, the Pivot, the De-Synchronization, the Drag and the End of Slack U.S. payroll employment increased by only 142,000 in August, missing the consensus expectation of about 215,000. The weaker-than-expected jobs report breaks the chain of six consecutive +200K … Continue reading

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Comerica Economic Weekly

Most U.S. economic data for the week was favorable, with one notable exception. In what looks like an aberration, U.S. payroll employment increased by only 142,000 in August, well below the consensus expectation of about 215,000. The weak report breaks … Continue reading

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August U.S. Employment

Job Gains Disappoint At +142K, U. Rate Ticks Down to 6.1% The August Payroll Employment Survey showed a weaker-than-expected gain of 142,000 jobs. The Unemployment Rate for August dipped slightly to 6.1 percent. Average Hourly Earnings increased by 0.2 percent … Continue reading

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August ADP Employment, Auto Sales, ISM Non-MF, UI Claims, July Trade, ECB

Late Summer U.S. Data Sizzles, Draghi Doubles Down The August ADP Employment Report showed an increase of 204,000 private-sector jobs. Auto Sales for August geared up to a 17.5 million unit annual rate. The ISM Non-Manufacturing Index increased to 59.6 … Continue reading

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Comerica Economic Weekly

U.S. economic data at mid-August was favorable. July housing starts increased by a stronger-than-expected 15.7 percent. Existing home sales for July gained 2.4 percent, to a 5.15 million unit annual rate. The Leading Economic Index increased by 0.9 percent in … Continue reading

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July Existing Home Sales, Leading Indicators, August UI Claims

Coincident Data Good, Leading Indicators Better Existing Home Sales for July increased by 2.4 percent, to an annual rate of 5.15 million units. The Conference Board’s Leading Economic Index jumped by 0.9 percent in July. Initial Claims for Unemployment Insurance … Continue reading

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July Residential Construction, Consumer Prices

Construction Revved Up, Prices Tame July Housing Starts were up significantly, by 15.7 percent to a 1,093,000 unit annual rate. Permits for new residential construction increased in July by 8.1 percent to a 1,052,000 unit pace. The Consumer Price Index … Continue reading

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