Tag Archives: employment

2013Q2 GDP, July ADP Employment

Good News and Bad News: Current Data Better Than Expected but History Revised Down Real Gross Domestic Product increased at a better-than-expected 1.7 percent annualized rate in 2013Q2. Real Consumer Spending increased at a moderate 1.8 percent annual rate in … Continue reading

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Comerica Economic Weekly

It was a light week for economic data following the short, but data intensive, 4th of July holiday week. Last Friday‘s jobs report for June was positive, both in terms of the June payroll gain, but also in terms of … Continue reading

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June ADP Employment, ISM-NMF Index, Auto Sales, UI Claims, May Trade

U.S. economic data heading into the July 4th holiday was generally positive and consistent with the idea that the economy is maintaining moderate momentum at the start of the third quarter. Continue reading

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May ADP Employment, ISM Indexes, Auto Sales, April Trade and Construction

Caught Between the Push of Monetary Expansion and the Pull of Fiscal Tightening The ADP Employment Report for May showed a modest increase of 135,000 private sector jobs. The May ISM Manufacturing Survey PMI ticked down to a weak 49.0 … Continue reading

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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

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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

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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

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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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