LOGIN CREATE AN ACCOUNT July 2015 California Exports Slip California’s export trade slipped in the latest numbers, but only narrowly. Compared to the same time last year, state exports were down just 0.7%. This stands in contrast to a 7.2% drop in the U.S. overall and a full 12% decline in Texas… Read Full Analysis […]
Continue ReadingChannel News Asia: AEC will not be the same as European Union: Shanmugam However, Foreign Affairs Minister K Shanmugam says the ASEAN Economic Community will be a significant economic stimulus, and the dynamics of the various member states could complement each other.
Continue ReadingWells Fargo Weekly Economic & Financial Commentary – July 2, 2015 Sparklers, not Fireworks, in June Jobs Report Employers added 223,000 new jobs in June, while the unemployment rate fell to 5.3 percent. Although nearly within striking distance of the Fed’s range for full employment, June’s decline was largely driven by another drop in the […]
Continue ReadingInstant Analysis of Today’s Employment Report for June from Bank of the West Job Growth Slows in June; +223K vs. Consensus Exp. +233K Unemployment Rate Drops one tenth to 5.3% April and May Job Numbers Revised Down a Net -60K Avg. Hourly Earnings Flat 0.0% (+2.0% y-o-y) Labor Force Participation Drops Job Growth in Goods […]
Continue ReadingA Roadmap to Shared Prosperity News from the California Economic Summit | CAECONOMY.ORG Summit and partners work to fill California’s infrastructure gaps (Photo: Scott L./Flickr) This summer, the California Legislature takes up one of the biggest challenges facing the state: How to pay for a $59 billion backlog in […]
Continue ReadingWells Fargo Weekly Economic & Financial Commentary – June 26, 2015 Economic Activity Is Showing Encouraging Signs First-quarter real GDP growth was revised up to a decline of 0.2 percent in the third estimate. Although the negative reading is alarming, we suspect statistical noise is at the heart of the weak figure. Real GDI, which […]
Continue ReadingUS Outlook Report: Purchasing Manager Indexes Soften in June Readings on business surveys from regional PMIs have been mixed in June, and the preliminary national level Markit PMIs for manufacturing and service businesses softened noticeably, implying a slowing in business activity as the second quarter draws to a close. The biggest surprise was the slip […]
Continue ReadingWells Fargo Weekly Economic & Financial Commentary – June 19, 2015 The Fed Gears Up for September Hike The June Federal Open Market Committee (FOMC) meeting points to a September rate hike despite some downward revisions to its economic forecast. Consumer prices gained strength in May, thanks to higher energy costs, although year-ago inflation remains […]
Continue ReadingUS Outlook Report: More Signs of a Stronger Second Half Markets this week cheered the Fed’s somewhat dovish “dot-plot” of interest rate projections and Janet Yellen’s soothing tone at her press conference, but U.S. economic data continue to improve through June, and the near-term economic outlook appears to be shaping up pretty close to our […]
Continue ReadingLast Thursday, June 11th, an event took place at Moss Landing, California in the center of the dynamic Monterey Bay called ‘America’s Blue Silicon Valley Meets China’s Blue Silicon Valley’ (see latest press release). The latest marine science technologies of the ‘blue economy’ featuring marine aquaculture, off shore energy production, solutions to the challenges of desalination […]
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