Wells Fargo Weekly Economic and Financial Commentary – January 9, 2015

  • by BPC Staff
  • on January 9, 2015

Economics Group: Weekly Economic & Financial Commentary – U.S Review

Finishing the Year Strong

  • Annual payroll gains in 2014 were the strongest since 1999. Growth was broad-based across industries, but the labor force and average hourly earnings declined in December.
  • Data from the factory sector continue to send mixed signals, with factory orders dropping for the fourth straight month in November, while the ISM manufacturing index remains firmly in expansion territory.
  • The trade balance narrowed significantly, thanks to a drop in imports, mostly related to lower oil prices. Exports also dropped, taking some of the optimism out of the report.

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Wells Fargo Weekly Economic & Financial Commentary —  January 9, 2015