Tag Archives: trade

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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May ADP Employment, ISM Surveys, Auto Sales, April International Trade

Mixed Bag of Data Mostly Positive, Consistent With Ongoing Moderate Expansion The ADP Employment Report for May showed a moderate increase of 179,000 private-sector jobs. The ISM Manufacturing Index for May improved to 55.4 percent, indicative of healthy conditions. The … Continue reading

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Yellen Testimony, Q1 Productivity, April ISM-NMF, March Trade

No Surprises from Yellen Testimony, Eyes on Housing  FOMC Chairwoman Janet Yellen delivered reassuring testimony before the Joint Economic Committee. U.S. Nonfarm Productivity declined at a 1.7 percent annual rate in the first quarter of 2014. Unit Labor Costs increased … Continue reading

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Comerica Economic Weekly

True to form, March came in like a lion and went out like a lamb, at least in terms of economic data. Now we get to see whether or not April is in fact the cruelest month. So far, it … Continue reading

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February International Trade, March ISM Non-MF and UI Claims

Trade Likely to Weigh on Q1 GDP, ISM Reports Supportive of March Jobs  The U.S. International Trade Gap widened to -$42.3 billion in February, as exports eased. The March ISM Non-Manufacturing Index increased to 53.1, the jobs sub-index was positive. … Continue reading

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December International Trade, Q4 Productivity, Jan. UI Claims

Trade Data Points to Downward Revision in Q4 GDP The U.S. International Trade Gap widened to -$38.7 billion in December, weighing on Q4 GDP. Nonfarm Productivity increased at a 3.2 percent annual rate in 2013Q4. Unit Labor costs went down. … Continue reading

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Nov. ADP Employment, ISM Indexes, Auto Sales, New Home Sales, Oct. Trade

Better Economic Data for Fed to Contemplate The ADP Employment Report for November showed an increase of 215,000 private sector jobs. The November ISM Manufacturing Survey PMI improved to a solid 57.3 percent. The November ISM Non-Manufacturing Survey’s Purchasing Managers’ … 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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