Tag Archives: Economic Alert

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

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January ADP Jobs, ISM Non-MF Index, Auto Sales

Jobs Increasing, Cars Driving, Service Sector Expanding, but at a Slower Rate The January ADP Employment Report showed a gain of 205,000 private-sector jobs. The ISM Non-Manufacturing Index for January dipped again to a still-positive 53.5 percent. January Auto Sales … Continue reading

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January ISM-MF, December Income/Spending, Construction Spending

A Shifting U.S. Economy Struggles to Find Traction This Winter The ISM Manufacturing Index for January increased slightly to 48.2 percent, still indicating contraction. U.S. Personal Income lifted by 0.3 percent in December. Real disposable income gained 0.4 percent. Nominal … Continue reading

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FOMC Statement, December New Home Sales, November House Prices

Fed Keeps Key Interest Rate Unchanged As Expected The Federal Open Market Committee voted today to keep the fed funds target range unchanged. New Home Sales for December surged by 10.8 percent to a 544,000 unit annual rate. The U.S. … Continue reading

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December U.S. Employment

Robust Job Gains in 2015Q4 Support Ongoing Expansion December Payroll Employment increased by a strong 292,000 jobs, well above consensus expectations. Already good October and November payroll levels were revised up by a total of 50,000 jobs. The Unemployment Rate … Continue reading

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December ADP Jobs, ISM Non-MF Index, Auto Sales, November Trade

Data Support Case for Ongoing Momentum in 2016 The December ADP Employment Report showed a strong increase of 257,000 private-sector jobs. The ISM Non-Manufacturing Index for December dipped to a still-positive 55.3 percent. December Auto Sales missed expectations, easing to … Continue reading

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December ISM Manufacturing, November Construction Spending

Manufacturing Sector Contracts for Second Month The ISM Manufacturing Index for December decreased again to a contractionary 48.2 percent. Construction Spending decreased by 0.4 percent in November as public construction eased. The ISM Manufacturing Survey declined in December to 48.2 … Continue reading

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November Home Sales, Income/Spending, Durable Goods and Q3 GDP

Home Sales Slump on Mortgage Processing Personal Income increased by 0.3 percent in November. Consumer Spending also gained 0.3 percent. New Home Sales for November increased by 4.3 percent to a 490,000 unit annual rate. Existing Home Sales for November … Continue reading

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FOMC Policy Announcement

Fed Does the Expected and Raises the Fed Funds Rate The Federal Open Market Committee voted to raise the fed funds rate to a range of 25 to 50 bps. Forward Guidance emphasizes a gradual approach to future rate hikes … Continue reading

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November Residential Construction, Industrial Production

Stronger Construction and Weaker Production Numbers Launch Fed Day November Housing Starts increased by 10.5 percent to a 1,173,000 unit annual rate. Permits for new residential construction increased by 11.0 percent to a 1,289,000 unit pace. Industrial Production fell by … Continue reading

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