Weekly Jobless Claims

IN A NUTSHELL: “Businesses are investing again and given that capital spending was the weakest link in the last GDP report, third quarter growth could be really strong.” WHAT IT MEANS: Another day, another day of pretty good data. Business investment reduced growth in...

July Employment Report and June Trade Deficit

KEY DATA: Payrolls: 255,000; Private: 217,000; Unemployment Rate: 4.9% (Unchanged); Wages: +0.3%/ Trade Deficit: $44.5 billion ($3.6 billion wider) IN A NUTSHELL: “Dear Fed: Wake up and smell the job growth.” WHAT IT MEANS: Maybe it’s not morning in America, but the...

Economy Continuing to Grow Modestly

KEY DATA: ADP Jobs: 179,000/ ISM (NonManufacturing): -1 point; Orders: +0.4 point; Hiring: -1.3 points/ HWOL: +156,800 IN A NUTSHELL: “The July data are pretty decent, but we still have the big-dog, the employment report, on Friday.” WHAT IT MEANS: It looks like the...