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  Once the recession ended, we should have seen economic growth continue to accelerate after the 2.4 percent growth in 2010. Instead, economic output has been more sluggish after each year since 2010. These charts, using data from the Bureau of Economic Analysis (BEA), clearly show that we are not really in an economic recovery. [...]

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ISM manufacturing index jumps up in January  The U.S. ISM manufacturing index rose to 53.1 in January from 50.2 in December, which was well above market expectations of 50.7.  The details of the report were mainly positive across the board. Production is up to 53.6 (from 52.6), while new orders were up 53.3 [...]

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U.S. economy keeps turning the crank on jobs  January produced 157K new jobs, which was not far off from consensus of 165K. All the job creation was in private payrolls (+166K) and was broadly based.  Today’s report incorporates the combination of annual benchmark revisions, updated seasonal adjustment factors and updated population estimates. The [...]

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U.S. economy keeps turning the crank on jobs  January produced 157K new jobs, which was not far off from consensus of 165K. All the job creation was in private payrolls (+166K) and was broadly based.  Today’s report incorporates the combination of annual benchmark revisions, updated seasonal adjustment factors and updated population estimates. The [...]

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Personal income accelerated in December, spending grew at a modest pace  Personal spending increased by 0.2% in December, below market expectations for a 0.3% gain. In real terms, spending increased 0.2% on the month.  Real goods consumption advanced 0.6% m/m, on the back of a 1.3% gain in durable goods consumption and a [...]

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