Investing and Economic Commentary

Late last week the Conference Board released the Leading Economic Indicators (LEI) for July. This is a group of economic indicators that have historically correlated with the performance of the economy over the next 3-6 months. The LEI rose
This morning the Labor Department reported that our economy generated 209,000 jobs last month—the private sector created 198,000 jobs and the government created 11,000. As well, the unemployment rate rose slightly to 6.2%. The prior two months’ numbers were revised slightly upward by
Today the government announced that the economy grew at a 4% rate during the second quarter. This provides further evidence that the negative growth rate of the first quarter was an anomaly and caused largely by
On Friday, the Conference Board released the June Leading Economic Indicators (LEI). The LEI is a group of economic indicators that have historically done a good job of predicting the growth of the economy over the next few months. The index rose
The Labor Department reported today that the economy generated 288,000 jobs last month. The unemployment rate dropped from 6.3% to 6.1%, the lowest level since September 2008. Additionally, the last two months’ numbers were revised upward by a total of
The government reported this morning that the economy shrank by 1% during the first quarter of this year. This is the first revision to the GDP figure, which was originally reported as .1% growth. While it is always concerning to see such a poor number, recent reports indicate
Earlier this morning, the Bureau of Labor Statistics released another modest employment report. The economy generated 192,000 net new jobs last month, and the previous two months’ numbers were revised up by a total of 37,000 jobs. This gets us past the soft patch we experienced in
This morning, the Bureau of Labor Statistics (BLS) reported that the economy generated 175,000 jobs last month. Additionally, the two prior months’ numbers were revised up slightly as well. The unemployment rate crept higher to 6.7%.
I made the statement in a report I sent out on Friday regarding the just-released monthly employment report that the unemployment rate rose in spite of the fact that over 200,000 jobs were created due to discouraged workers returning to the labor force.
The Labor Department delivered a stunning monthly employment report this morning. During October, our economy generated 204,000 jobs. Though this is still tepid when compared to previous robust economic recoveries, it was much higher than analysts’ expectations of 120,000 jobs created.

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