Tag Archives: Economic Alert

October U.S. Employment

Strong Jobs Report Increases Likelihood of December Fed Rate Hike October Payroll Employment increased by a stronger-than-expected 271,000 jobs. August and September payroll levels were revised up by a total of 12,000 jobs. The Unemployment Rate for October fell to … Continue reading

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October ISM Manufacturing, September Construction Spending

Manufacturing Sector Approaches Stall Speed The ISM Manufacturing Index for October decreased again to a barely-positive 50.1 percent. Construction Spending increased by 0.6 percent in September, boosted by private multi-family. The ISM Manufacturing Survey declined in October, for the fourth … Continue reading

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2015Q3 GDP, October UI Claims, Fedspeak

Third Quarter GDP Growth Cooled as Inventories Were Drained Real Gross Domestic Product for 2015Q3 increased at a tepid 1.5 percent annual rate. Initial Claims for Unemployment Insurance were little changed at 260,000 for the week ending Oct. 24. The … Continue reading

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September Existing Home Sales, Leading Indicators, Oct. UI Claims

Home Sales Rebound, Indicators Dip on Stock Prices, Claims Low Existing Home Sales for September increased by 4.7 percent to an annual rate of 5.55 million units. The Leading Economic Index fell by 0.2 percent in September, as the stock … Continue reading

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September Residential Construction, October Home Builders Survey

Builder Confidence Grows as Single-Family Construction Gains September Housing Starts increased by 6.5 percent to a 1,206,000 unit annual rate. Permits for new residential construction dropped in September by 5.0 percent to a 1,103,000 unit pace. The National Association of … Continue reading

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September U.S. Employment

Disappointing Jobs Report Adds to Fed Uncertainty September Payroll Employment increased by a weaker-than-expected 142,000 jobs. August and July payroll levels were revised down by a total of 59,000 jobs. The Unemployment Rate for September stayed at 5.1 percent. Average … Continue reading

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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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