Tag Archives: daily

March ADP Jobs, January Home Prices, Yellen Speech

Jobs Growth and House Prices Support U.S. Households, Yellen Dials Back Expectations The February ADP Employment Report showed a gain of 200,000 private-sector jobs. The January Case-Shiller U.S. National House Price Index was up 5.4 percent from a year earlier. … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off on March ADP Jobs, January Home Prices, Yellen Speech

February Income and Spending

Modest Income Growth Tempered by Declining Corporate Profits U.S. Personal Income increased by 0.2 percent in February, despite strong job growth. Real disposable income gained 0.3 percent for the month. Nominal Consumer Spending increased by just 0.1 percent in February … Continue reading

Posted in Daily, General, United States | Tagged , , , | Comments Off on February Income and Spending

February Residential Construction, Consumer Prices, Industrial Production

Houses Started, Manufacturing Produced, Oil Up, Fed on Hold February Housing Starts increased by 5.2 percent to a 1,178,000 unit annual rate. Permits for new residential construction decreased by 3.1 percent to a 1,167,000 unit pace in February. The Consumer … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off on February Residential Construction, Consumer Prices, Industrial Production

February Retail Sales, Producer Prices

Auto Sales Top Out as Energy Prices Bottom Out February Retail Sales declined by 0.1 percent, and January was revised down to -0.4 percent. Ex-auto Retail Sales also dipped by 0.1 percent as categories showed mixed results. The Producer Price … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off on February Retail Sales, Producer Prices

February U.S. Employment, January Trade

Strong Jobs Data Confirms Economic Momentum February Payroll Employment increased by a strong 242,000 jobs, well above consensus expectations. The Unemployment Rate for February was unchanged at 4.9 percent. Average Hourly Earnings dropped by 0.1 percent. Average Weekly Hours dipped … Continue reading

Posted in Daily, General, United States | Tagged , , , | Comments Off on February U.S. Employment, January Trade

February ADP Jobs, Auto Sales

Jobs and Cars Signal Healthy Consumer Sector The February ADP Employment Report showed a gain of 214,000 private-sector jobs. February Auto Sales ticked down slightly to a 17.5 million unit rate. Our thesis for this year is that consumer spending … Continue reading

Posted in Daily, General, United States | Tagged , , , , | Comments Off on February ADP Jobs, Auto Sales

February ISM Manufacturing, January Construction Spending

Merely Mortal Data for Super Tuesday The ISM Manufacturing Index for February increased to a barely contractionary 49.5 percent. Construction Spending increased by 1.5 percent in January as highway construction surged. The ISM Manufacturing Index for February increased to 49.5 … Continue reading

Posted in Daily, General, United States | Tagged , , , , | Comments Off on February ISM Manufacturing, January Construction Spending

January New and Existing Home Sales, December House Prices

Soft Home Sales in the West, but Conditions Look Good for Spring Sales Season New Home Sales for January sagged, down 9.2 percent to a 494,000 unit annual rate. Existing Home Sales in January were essentially unchanged, up 0.4 percent … Continue reading

Posted in Daily, General, United States | Tagged , , , , , | Comments Off on January New and Existing Home Sales, December House Prices

January Residential Construction, Producer Prices, Industrial Production

It’s Winter! Housing Snowed Out, Prices Up, Utility Output Up January Housing Starts decreased by 3.8 percent to a 1,099,000 unit annual rate. Permits for new residential construction ticked down by 0.2 percent to a 1,202,000 unit pace. The Producer … Continue reading

Posted in Daily, General, United States | Tagged , , , | Comments Off on January Residential Construction, Producer Prices, Industrial Production

January U.S. Employment, December Trade

Payroll Gains Less Than Expected, But Other Labor Indicators Positive January Payroll Employment increased by a 151,000 jobs, below consensus expectations of 185,000. The Unemployment Rate for January declined to 4.9 percent. The U.S. International Trade Gap widened in December … Continue reading

Posted in Daily, General, United States | Tagged , , , | Comments Off on January U.S. Employment, December Trade