However, revisions likely to bring back 25,000+ jobs. July jobs growth now reported as 89,000 – originally estimated as a 162,000 gain. State and local government jobs gain a seasonal adjustment artifact, as expected. Read More
Posts By: xps
September Unemployment: 7.24% (down from 7.28%)
Headline number, to one decimal place fell from 7.2% to 7.1%, change of -0.1%. The actual change of -0.04% was attributable mostly to a net outflow from the labor force. Read More
September Payrolls – Trend Forecast
The mathematical trend is for an increase of 163,000 private-sector, non-farm jobs in September. Our further analysis suggests a possible upside bias to 173,000. October growth to be hit hard by local government seasonal “catch-up”. Read More
Prices rise 0.09% in August, but CPI-U inflation falls to 1.52%
Large drop from July’s year-to-year inflation rate of 1.96% due mostly to last August’s large price increases dropping out of the rate calculation. Read More
Residential Construction. August Starts up 0.9%
However, on a quarter-to-quarter basis, Starts dropped 6.0% and Permits by 3.1% over the prior three-month period (March-June). This is due to a drop in apartment building in the South. Read More
Industrial Production Increased 0.4% in August
The August gains came mainly from Manufacturing (a positive contribution of 0.50%, of which almost all came from Durables). Mining added 0.05% and Utilities contributed a decrease of 0.14%. Read More
Advance Retail Sales rose 0.2% in August
July growth revised up to 0.43% from previously reported 0.20%. August sales growth coming mostly from vehicle sales, that sector now up 12.3% year over year. Read More