Shutdown blip over but the trend continues to be dominated by a drop in those counted as looking for work. Both the Labor Force Participation rate and the Employment/Population rate are worse than in September. Read More
Posts Categorized: Release Observations
Payroll Survey – 203,000 jobs added in November.
196,000 in the private sector. Published revisions to prior months total gains were minimal. Read More
Manufacturing Survey – New Orders down 1%
Shipments and New Orders for Non-Durables continue to plateau. Transportation continues steady growth in shipments but new orders slowing, Read More
GDP Revision – 3rd Qtr growth revised up from 2.8% to 3.6%
The 0.8 percentage point revision in GDP quarterly growth is matched exactly by the 0.8 point jump in the contribution of non-farm inventories. Read More
Trade Balance – Improved by $2.3bn (5%) in October
October’s exports 1.8% higher than September’s (seasonally adjusted). Imports rose by only 0.4%. However, September’s imports revised upwards by $1bn. Read More
Construction Spending – Suggests a fall in Single-Family Starts
Delayed October and September data released. Total October spend up 0.5% from August. Single-family residential spending dipped in both months. Read More
Residential Construction – Delayed Sep. & Oct. Permits
Housing starts delayed again until December. Single-family home permits were flat in September and August. Overall growth came mostly from apartment building permits in the South. Read More