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April U.S. Employment and ISM Non‐Manufacturing, March Intl. Trade
Bullet Dodged as Payrolls Gain, Upward Revisions Help The April Payroll Employment Survey showed a moderate gain of 165,000 jobs, with positive revisions. The Unemployment Rate for February decreased to 7.5 percent, as the household survey gained 293K. Average Weekly … Continue reading
February U.S. Employment
Solid Hiring is the Antidote to Fiscal Tightening The February Payroll Employment Survey showed a solid gain of 236,000 jobs, beating expectations. The Unemployment Rate for February decreased to 7.7 percent, the lowest since December 2008. Average Weekly Hours … Continue reading
January U.S. Employment, ISM Manufacturing Index, Dec. Construction
Limping Into 2013 as Fiscal Headwinds Increase The January Payroll Employment Survey showed a gain of 157,000 jobs, a bit below expectations. The Unemployment Rate for January increased to 7.9 percent, essentially unchanged for 5 months. Average Weekly Hours were … Continue reading
Posted in Daily, United States
Tagged alert, Construction, daily, employment, ISM, Manufacturing, unemployment
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December U.S. Employment, Auto Sales, ISM Non-Manufacturing
Payroll job growth in December met expectations, up 155,000 for the month. The December unemployment rate was unchanged at 7.8 percent after an upward revision to the November rate. The good news in the report is that more workers working longer hours for more pay is at least a partial counterforce to the expected hit to real disposable income in the current quarter, coming as fiscal headwinds start to blow. Continue reading
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