Tag Archives: daily

May Industrial Production, June UI Claims, Regional Manufacturing, Builders

Production Stalls after April Surge Industrial Production was unchanged in May as vehicle assemblies declined. Initial Claims for Unemployment Insurance dipped by 8,000 for the week ending June 10, to hit 237,000. Industrial production for May was unchanged after surging … Continue reading

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Federal Reserve Monetary Policy

 Fed Raises Short-Term Interest Rates 25 Basis Points As Expected The Federal Reserve raised the target range of the fed funds rate by 25 basis points. The new Dot Plot remains consistent with three 25 basis point rate hikes in … Continue reading

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May Retail Sales, Consumer Price Index, Producer Price Index

Soft Pricing Contributes to Soft Spending in May May Retail Sales decreased by 0.3 percent, as gasoline prices fell. The Consumer Price Index fell by 0.1 percent in May, as the energy price index declined by 2.7 percent. The Producer … Continue reading

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May U.S. Employment

May Payrolls Up Just 138,000, Unemployment Rate Down to 4.3% Payroll Employment increased by 138,000 jobs in May, below expectations. The Unemployment Rate for May fell to 4.3 percent. Average Hourly Earnings increased by 0.2 percent for the month; the … Continue reading

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May ADP Jobs, ISM MF Index, UI Claims, April Construction Spending

   Strong Private Sector Jobs Report Raises Expectations The May ADP Employment Report showed a strong 253,000 net gain in private sector jobs. The ISM Manufacturing Index inched up to a positive 54.9 in May. Initial Claims for Unemployment Insurance … Continue reading

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April Personal Income, May Consumer Confidence, March Home Prices

 Stronger Consumer Spending Will Lift Q2 GDP            U.S. Real Disposable Personal Income increased by 0.2 percent in April. The Personal Consumption Expenditure Price Index increased by 0.2 percent in April. After inflation, Real Consumer Spending increased by 0.2 percent in … Continue reading

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April New and Existing Home Sales

 Sales Slip but Inventories of Existing Homes for Sale Remain Tight New Home Sales decreased by 11.4 percent in April to a 569,000 unit annual rate. Existing Home Sales fell by 2.3 percent in April to a 5,570,000 unit annual … Continue reading

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April Housing Starts, Industrial Production, May Empire State and NAHB

Builder Confidence High but Construction Eased in April, Industrial Production Up Housing Starts decreased in April by 2.6 percent to a 1,172,000 unit annual rate. Permits for new residential construction decreased by 2.5 percent to a 1,229,000 unit pace in … Continue reading

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April PPI, Import Prices, May UI Claims

Wholesale Inflation Warmer Than Expected in April The Producer Price Index for Final Demand increased by 0.5 percent in April. The Import Price Index also increased by 0.5 percent in April. Initial Claims for Unemployment Insurance eased by 2,000 for … Continue reading

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April U.S. Employment

April Payrolls Gain 211,000 after a Soft March Report, Unemployment Rate Drops to 4.4% Payroll Employment increased by 211,000 jobs in April. March payroll gains were revised down to 79K. The Unemployment Rate for April fell to 4.4 percent. Average … Continue reading

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