Tag Archives: Economic Alert

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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July Retail Sales, NFIB, June JOLTS

Shoppers Feeling Good, Went on Vacation in July, Sales Soft  Retail Sales for July disappointed, unchanged from June, providing a soft start to Q3 consumer spending. Ex-auto Retail Sales gained just 0.1 percent, pushed by clothing, personal care and food/beverages. … Continue reading

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June International Trade, July ISM Non-MF, Mortgage Apps

U.S. Economic Data Continues a Strong Run The U.S. International Trade Gap narrowed to -$41.5 billion in June, adding to Q2 GDP. The ISM Non-Manufacturing Index advanced to 58.7 in June, its best reading ever, since 2008. The Composite Index … Continue reading

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July U.S. Employment, June Income and Spending

Solid Job Growth Shows Ongoing Improvement to U.S. Economy July U.S. Payroll Employment increased by 209,000 jobs. May and June were revised up by 15,000. The Unemployment Rate for July ticked up inconsequentially to 6.2 percent. Average Hourly Earnings were … Continue reading

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2014Q2 GDP, July ADP Employment

Inventory Rebound Propels Q2 GDP, Job Growth Continues Real Gross Domestic Product growth for 2014Q2 was stronger than expected at 4.0 percent. Inventories rebounded after a weak first quarter, adding 1.7 percent to real GDP growth, not sustainable. Real Consumer … Continue reading

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June U.S. Employment, May International Trade

Robust Job Growth Signals Ongoing Expansion for U.S. Economy The June Payroll Employment Survey showed a gain of 288,000 jobs. April and May were revised up. The Unemployment Rate for June fell to 6.1 percent. Average Hourly Earnings increased by … Continue reading

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June ADP Employment and Auto Sales, May Factory Orders

Workers Get Jobs and Buy Cars, Equity Markets Rally, Happy Fourth! June’s ADP Employment Report showed a robust increase of 281,000 private-sector jobs. June Auto Sales revved up to a 17.0 million unit annual rate. Factory Orders decreased by 0.5 … Continue reading

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June ISM Manufacturing, May Pending Home Sales, Construction Spending

U.S. Manufacturing Logs Another Strong Month, Europe Not So Much The ISM Manufacturing Index for June ticked down to a still-strong 55.3 percent. The Pending Home Sales Index for May increased by 6.1 percent. May Construction Spending increased by 0.1 … Continue reading

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May Income and Spending, Q1 GDP Revision, June UI Claims

Q1 GDP Revised Down Again, May Income/Spending Data Consistent with Q2 GDP Rebound U.S. Personal Income increased by 0.4 percent in May, with solid wage growth. After accounting for inflation and taxes, Real Disposable Personal Income also gained 0.2 percent. … Continue reading

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May Home Sales, June Consumer Confidence, April Case-Shiller House Prices

Both New and Existing Home Sales Improve, Bolstering Expectations for a GDP Rebound New Home Sales for May jumped by 18.6 percent to reach a 504,000 unit annual rate. Existing Home Sales for May increased by 4.9 percent, to an … Continue reading

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