August Producer Price Index

  • September 13, 2017
  • no comment
  • realestate

August Producer Price Index MOM 0.2% vs. estimates of 0.3% with Core PPI MOM 0.1% vs. estimates of 0.2%.  The PPI YOY 2.4% vs. estimates of 2.5% with Core PPI YOY 2.0% vs. estimates of 2.1%. This is a smidge lighter than expectations, but Core YOY did move up from July’s reading of 1.8% to August’s reading of

READ MORE

American workers labored harder in second quarter, revised productivity figures show

  • September 7, 2017
  • no comment
  • realestate

The government on Thursday said productivity increased at a 1.5% annual pace in the spring, up from an initial 0.9% estimate. Productivity rises when workers supply more goods and services in the same amount of time. The upward revision stemmed entirely from workers producing more goods and services. Output was revised up to show a

READ MORE

Most U.S. companies turned growth up a notch in August, ISM survey finds

  • September 6, 2017
  • no comment
  • realestate

The Institute for Supply Management said its non-manufacturing index rose to 55.3% last month from 53.9% in July, which was the lowest reading in the past year. A similar ISM survey of manufacturing firms also showed the fastest growth in six years.

READ MORE

Labor Department estimates it will make upward adjustment of 95,000 jobs

  • September 6, 2017
  • no comment
  • realestate

The Labor Department on Wednesday said its preliminary benchmark revision anticipates a 95,000-job, or 0.1%, increase to March 2017 employment. The final benchmark revision will be issued in February. Each year, the employment estimates are benchmarked to comprehensive counts of employment for the month of March, drawing on state unemployment-insurance tax records.

READ MORE

U.S. trade deficit shows no sign of shrinking

  • September 6, 2017
  • no comment
  • realestate

The trade deficit rose slightly in July, keeping the U.S. on track to post a larger gap in 2017 than in 2016. The deficit edged up to $43.7 billion in July from $43.5 billion in June, the Commerce Department said Wednesday. Economists polled had forecast a $44.8 billion gap.

READ MORE

Consumer sentiment retreats in late August

  • September 1, 2017
  • no comment
  • realestate

Consumer sentiment pulled back to a final August reading of 96.8 in August from a high preliminary reading of 97.6, according to reports on the University of Michigan gauge released Friday.

READ MORE

ISM manufacturing index jumps to six-year high in August

  • September 1, 2017
  • no comment
  • realestate

Manufacturing activity was the strongest in six years in August, according to a survey of purchasing managers released Friday. The Institute for Supply Management said its manufacturing index in August climbed to 58.8% from 56.3% in July. That is the highest reading since April 2011. Economists polled by MarketWatch expected a reading of 56.8%. Any

READ MORE

The Fed: What do they do now?

  • September 1, 2017
  • no comment
  • realestate

The Federal Reserve has been watching the Jobs numbers closely. The Fed has indicated plans to raise its benchmark interest rate target another quarter-point this year, but could be held back due to weak inflation. Specifically, policymakers have been looking for signs of accelerated wage growth, which has been stuck around 2.5 percent for most

READ MORE

Job Growth slows in August

  • September 1, 2017
  • no comment
  • realestate

The U.S. economy added 156,000 net new jobs in August, missing expectations for 180,000 jobs. The unemployment rate ticked up slightly to 4.4% from 4.3%, while the labor force participation rate stayed flat at 62.9% during the month. Average hourly earnings meanwhile increased by 3 cents, or 0.1%. Economists polled had predicted a 170,000 increase

READ MORE

Employment index slips below 50 for first time since March

  • August 31, 2017
  • no comment
  • realestate

The employment subcomponent fell below 50 in August for the first time since March. This is the sixth contraction in the employment indicator in the last 12 months, with fewer firms expecting an increase in hiring. Inflation pressures also eased slightly in August and have been on a downward trend this year.

READ MORE

Subscribe to Newsletter

Get weekly updates on mortgage rates, finance, lending and real estate.