The BLS unemployment report shows total nonfarm payroll jobs gained were 146,000 for November 2012. But there is hidden bad news in this report. October payroll gains were revised down, from 171,000 to 138,000. September payrolls were also revised down from 148,000 to 132,000. The below graph shows the monthly change in nonfarm payrolls employment.
The BLS unemployment report shows total nonfarm payroll jobs gained were 171,000 for October 2012. September payrolls were revised from 114,000 to 148,000 and August was also revised upward, from 142,000 to 192,000. The below graph shows the monthly change in nonfarm payrolls employment.
The Census, part of the Commerce Department, today released the monthly construction spending report. This is a monthly tally, reported seasonally adjusted, annualized, of how much money was spent on construction. Spending was $830.0 billion in May, up +0.9% from April and an increase of +7.0% from May of last year.
The Census, part of the Commerce Department, today released the monthly construction spending report. This is a monthly tally, reported seasonally adjusted, annualized, of how much money was spent on construction. Spending was $808.9 billion in February. The survey has been done since 1960. The below graph shows just how badly construction spending imploded since 2008.
The Census, part of the Commerce Department, today released the monthly construction spending report. This is a monthly tally of how much money was spent on construction and the survey has been done since 1960. The below graph shows just how badly construction spending imploded since 2008. Dollars are not adjusted for inflation, so the overall decline is even more dramatic.
Here Come the Stats. The Institute of Supply ManagementPMI is now at 36.2. That is the lowest number since 1980, when it was 24.2.
PMI is a manufacturing index with nine components: New Orders, Production, Employment, Supplier Deliveries, Inventories, Prices, New Export Orders, Imports, and Backlogs.
Recent comments