Tag Archives: Economic Alert

August Income/Spending, Fedspeak

Strong Consumer Spending Shows Changing Forces within Economy S. Personal Income lifted by 0.3 percent in August. Real disposable income also gained 0.3 percent. Nominal Consumer Spending increased by 0.4 percent in August, supported by auto sales. New York Federal … Continue reading

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August Home Sales, Durable Goods Orders, Sept. UI Claims

New Home Sales Hit Another Post-Recession High New Home Sales for August increased by 5.7 percent to an annual rate of 552,000 units. Existing Home Sales in August declined by 4.8 percent, to a 5.31 million unit annual rate. New … Continue reading

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August U.S. Employment

Headline Miss Belies Solid Employment Report August Payroll Employment increased by 173,000 jobs. June and July payrolls were revised up by 44,000. The Unemployment Rate for August dipped to 5.1 percent. Average Weekly Hours edged up to 34.6 hours. Average … Continue reading

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August ISM Non-MF, UI Claims, July Trade

Service Sector Strength Provides Insulation from International Events The ISM Non-Manufacturing Index for August eased to a still-strong 59.0 percent. The U.S. International Trade Gap narrowed in August to -$41.9 billion. Initial Claims for Unemployment Insurance gained 12,000 to hit … Continue reading

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August ADP Jobs, Auto Sales, ISM MF Index, July Construction Spending

Grab Bag of Economic Data Consistent with Moderate Growth Economy The August ADP Employment Report showed a moderate increase of 190,000 private-sector jobs. Auto Sales zoomed to a robust 17.8 million unit rate in August. The ISM Manufacturing Index for … Continue reading

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July U.S. Employment

Payrolls Up 215,000, Looks like “Some” July Payroll Employment increased by 215,000 jobs. May and June payrolls were revised up by 14,000 jobs. The Unemployment Rate for July was unchanged at 5.3 percent. Average Weekly Hours edged up to 34.6 … Continue reading

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2015Q2 GDP and Revisions, July UI Claims

Second Quarter Real GDP Increased at a 2.3% Annual Rate, Q1 Revised Up Real Gross Domestic Product for 2015Q2 increased at a 2.3 percent annual rate. First quarter real GDP growth was revised up from -0.2 to +0.6 percent. Initial … Continue reading

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June Industrial Production, PPI, Yellen Testimony

Production Gains on Utility Output, Yellen Green Lights 2015 Rate Hike Industrial Production for June increased by 0.3 percent as utility and mining output climbed. The Producer Price Index for Final Demand increased by 0.4 percent in June. FOMC Chairwoman … Continue reading

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June Retail Sales, NFIB

Disappointing June Sales Shave Q2 GDP June Retail Sales declined by 0.3 percent, after gaining 1.0 percent in May. Ex-auto Retail Sales dipped by 0.1 percent, with most broad categories down. The National Federation of Independent Business’ Small Business Optimism … Continue reading

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June U.S. Employment, Auto Sales, ISM MF, UI Claims, May Construction Spending

U.S. Gains Momentum through Q2 as Greece Melts Down June Payroll Employment increased by 223,000 jobs. April and May were revised down by 60,000. The Unemployment Rate for June fell to 5.3 percent as the labor force shrank. Average Weekly … Continue reading

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