Instant Analysis of Today’s Employment Report for September Job Growth Stumbles in September; +142K vs. Consensus Exp. +201K Unemployment Rate Steady at 5.1% July and August Job Numbers Revised Down a Net -59K Avg. Hourly Earnings Flat +0.0% (+2.2% y-o-y) Labor Force Participation Falls to 62.4% Job Losses in Manufacturing and Mining- Service Sector Job […]
Continue ReadingWells Fargo Weekly Economic & Financial Commentary – September 25, 2015 Q2 Revised Higher, How Does Q3 Look? The latest revision to the GDP figures shows that Q2 economic growth was a bit better than expected. The U.S. economy expanded at 3.9 percent annualized rate. · In this week’s U.S. Review we discuss what was […]
Continue ReadingBank of the West U.S. Outlook Report for September 25, 2015 US Outlook Report: More Signs of Weakness in Global Production We received more confirmation this week that global manufacturing activity in September continues to slow, though there are no clear signs, yet, of a global recession. Preliminary Markit manufacturing PMI’s fell in Germany, the […]
Continue ReadingWells Fargo Weekly Economic & Financial Commentary – September 18, 2015 Failure to Launch · The Federal Reserve left the federal funds target rate unchanged at its September FOMC meeting, but lowered its forward guidance for the next few years and long term. · Retail sales rose solidly during August, even though lower gasoline prices […]
Continue ReadingInstant Analysis of Today’s September FOMC Meeting FOMC Delays – no interest rate hike in September, still planning one this year Cites recent global economic and financial developments Could restrain economic activity and put further downward pressure on inflation FOMC scales back median rate hike projections for 2015, 2016 and 2017 by 0.25% Almost a […]
Continue ReadingBank of the West US Outlook Report: Start the Pre-Game Show It’s almost game time. Like the pre-game show before the Super Bowl, we are hearing non-stop commentary about next week’s FOMC decision and Yellen press conference. You are probably either tired of hearing about it by now, or so excited you’re already reaching for […]
Continue ReadingWells Fargo Weekly Economic & Financial Commentary – September 4, 2015 Horseshoes, Hand Grenades and FOMC Mandates The headline print of 173,000 new jobs in August was below consensus expectations for 217,000. Although after accounting for revisions which added 44,000 jobs to the prior two months, the latest job market read was more in-line with […]
Continue ReadingInstant Analysis of Today’s Employment Report for August Job Growth Slows in August; +173K vs. Consensus Exp. +217K Unemployment Rate Drops two tenths to 5.1% June and July Job Numbers Revised Up a Net +44K Avg. Hourly Earnings Accelerate +0.3% (+2.2% y-o-y) Labor Force Participation Flat Job Losses in Goods Producing Sectors- Service Sectors Solid […]
Continue ReadingBank of the West U.S. Outlook Report: Right Down the Pike- Now What? Like a pitcher that’s on fire, U.S. economic data keeps coming in right across the plate. Just as we tipped readers off too last week, the U.S. economic data has remained resilient despite the nervous Nellies on Wall Street. The August payroll report […]
Continue ReadingLOGIN CREATE AN ACCOUNT September 2015 California Exports Hold Steady Despite Global Conditions California’s export trade held steady in the latest numbers. Compared to the same time last year, state exports were down only 0.4%. U.S. exports overall fell by 6.8% while exports from Texas shrank by 13%… Read Full Analysis Now SHARE: Meet Our […]
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