Author Archives: Danielle Hall

Employment Rebounds: 287,000 Jobs Added in June, Unemployment at 4.9%

Total nonfarm payroll employment rose by 287,000 in June, the highest monthly increase since October 2015. The national unemployment rate rose to 4.9 percent. Leisure and hospitality added 59,000 jobs, after little change in May. Healthcare and social assistance added 58,000 jobs. Financial activities employment rose by 16,000 and has risen by 163,000 over the year. Employment in information increased ...

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Factory Orders Declined in May

New orders for manufactured goods, down following two consecutive monthly increases, fell $4.6 billion or 1.0 percent to $455.2 billion, according to the U.S. Census Bureau. This followed a 1.8 percent increase in April. Shipments, down three of the last four months, decreased $0.6 billion or 0.2 percent to $231.6 billion. Inventories, down ten of the last eleven months, decreased ...

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Consumer Credit Grew 5.8 Percent (SAAR) in February

Consumer Credit increased at a seasonally adjusted annual rate of 5.8 percent in February, rising $17.2 billion (compared to $14.9 billion in January) to $3.57 trillion. Revolving credit rose at an annual rate of 3.7 percent ($2.9 billion) to $940.6 billion, compared to a 0.3 percent decrease in January. Non-revolving credit increased at an annual rate of 6.6 percent, or ...

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Construction Spending Fell 0.5 Percent in February

Construction spending fell 0.5 percent in February to $1,144.0 billion (SAAR). January’s spending estimate was revised up to $1,037.5 billion. During the first two months of the year, construction spending amounted to $157.1 billion, 11.2 percent higher than in the first two months of 2015. Total private construction fell to a rate of $846.2 billion, 0.1 percent below January’s estimate ...

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Gas Prices Bring down CPI in February

The Consumer Price Index fell 0.2 percent in February, largely due to declines within the energy index, which offset increases in other indexes. Over the last 12 months, the index for all items increased 1.0 percent before seasonal adjustment. The energy index declined 6.0 percent from January due to a 12.5 percent decline in energy commodities, a 13.0 percent decline ...

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Retail Sales Rose 0.2 Percent in January

There were $449.9 billion of retail and food service sales in January (after adjustment for seasonal variation and holiday and trading-day differences, but not for price changes), up 0.2 percent from December, and 3.4 percent above January 2015, according to the U.S. Census Bureau. Core retail sales – excluding automobiles and parts – increased 0.1 percent last month, consistent with ...

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Consumer Confidence Improves After Two Monthly Declines

The Conference Board’s Consumer Confidence Index improved in December to 96.5, after declining the previous two months. The Present Situation Index also increased to 115.3, up from 110.9 the previous month. The Expectations Index rose to 83.9, up from 80.4 in November. According to Lynn Franco, Director of Economic Indicators at The Conference Board, “As 2015 draws to a close, ...

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Home Prices Continue to Accelerate

The 20-City Case-Shiller Composite gained 5.5 percent year-over-year in October, up from September’s gain of 5.4 percent. The 10-City Composite gained 5.1 percent from the previous year, up from a 4.9 percent annual increase last month. The National Index posted a 5.2 percent annual increase, compared to a 4.9 percent increase in September. On a monthly basis, the National Index ...

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Conference Board Sees Declining Consumer Confidence

The Conference Board’s Consumer Confidence Index declined for a second straight month in November to a reading of 90.4, down from 99.1 in October and 102.6 in September. The Present Situation Index also decreased for a second month to 108.1, down from 114.6 in October and 120.3 in September. The Expectations Index saw a third monthly decline, to 78.6 in ...

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Home Prices Accelerate in September

The 20-City Case-Shiller Composite gained 5.5 percent year-over-year in September, up from August’s gain of 5.1 percent. The 10-City Composite gained 5.0 percent from the previous year, up from a 4.7 percent annual increase last month. The National Index posted a 4.9 percent annual increase, compared to a 4.6 percent increase in August. On a monthly basis, the National Index, ...

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