Tag Archives: jobless claims

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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April ISM Manufacturing, FOMC, March Construction, Income/Spending

Grab Bag of Data Consistent with Ongoing Expansion  The ISM Manufacturing Index for April increased to a solid 54.9 percent, boosted by employment. The Federal Reserve tapered asset purchases as expected. No change to the fed funds rate. March Construction … Continue reading

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2013Q2 GDP, August Durable Goods, New Home Sales, Sept. Claims

So-So Data Fails to Vanquish Lingering Uncertainty Real Gross Domestic Product increased at a 2.5 percent annualized rate in 2013Q2 in the third estimate. New Orders for Durable Goods increased by 0.1 percent in August. Sales of New Homes bounced … Continue reading

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July ISM Manufacturing, UI Claims, June Construction Spending

More Good News as Key Manufacturing Indicator Jumps  The ISM Manufacturing Index for July increased to 55.4 percent, well above expectations. Construction Spending for June dipped by 0.6 percent as public projects continued to shrink. Initial Claims for Unemployment Insurance … 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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May Income and Spending, June UI Claims, Q1 GDP Revision

Income Gains Plus Home Equity Accumulation Equals Steadier Consumer Spending  U.S. Personal Income increased by 0.5 percent in May, driven by interest and dividend income. After accounting for inflation and taxes, Real Disposable Personal Income gained 0.4 percent in May. … Continue reading

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May Retail Sales, April Biz Inventories, June UI Claims

Consumer Resilience Is a Wonderful Thing  May Retail Sales increased by 0.6 percent, boosted by stronger auto sales. Ex-auto Retail Sales gained 0.3 percent as gasoline sales dipped slightly. Business Inventories increased by 0.3 percent in April, after a 0.1 … Continue reading

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December Leading Indicators, January UI Claims, KC Fed

  Data Buoys Equity Markets, Equity Markets Buoy Data The Leading Economic Index for December gained 0.5 percent as labor data normalized post-Sandy. Initial Claims for Unemployment Insurance fell by 5,000 for the week ending January 19 to hit 330,000. Favorable … Continue reading

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