May 1, 2015
ISM Disappoints, Led by Decline in Employment
Read the article: ISM Disappoints, Led by Decline in Employment
Hard hitting global and local news
Hard hitting global and local news
Read the article: ISM Disappoints, Led by Decline in Employment
Construction Spending "Once Again Defies Expectations" Much Weaker Than Expected; Four Reasons Economists Perplexed Economists have been overly optimistic on the majority of economic reports for going on six months. Today the Bloomberg Consensus estimate for construction spending was for a 0.4% gain. The actual result was a decline of 0.6%
Read the original post: Initial Unemployment Claims Plunge to 262,000 – Lowest Since April 2000; What’s Going On?
View original post here: Fed Cites Weather, "Transitory" Factors in FOMC Statement; No Hat Tricks; What About Consumer Sentiment?
Let’s dive into the First Quarter 2015 (Advance Estimate) report for details. The increase in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures (PCE) and private inventory investment that were partly offset by negative contributions from exports, nonresidential fixed investment, and state and local government spending
The Richmond Fed reports Manufacturing Sector Activity Remained Soft; Employment and Wages Grew Mildly Overall, manufacturing conditions remained soft in April. The composite index for manufacturing moved to a reading of -3 following last month’s reading of -8. The index for shipments and the index for new orders gained seven points in April, although both indicators finished at only -6.
See more here: Deconstructing and Debunking Shadowstats
Originally posted here: Reader Question: Is the Minimum Wage Really a Maximum Wage?
The San Francisco Chronicle details the problem in BART has New Problem: Old Tracks . The nearly half-century-old system needs to replace its worn steel rails and cross ties.
Durable Goods Orders Up but Core Capital Goods Negative Again Posted by Michael Shedlock at 12:08 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)