The employment cost index for private industry workers rose 0.5% in Q4'12 versus an unrevised 0.4% Q3 rise. The latest increase in total compensation matched expectations as compiled by Bloomberg. The full-year rise of 1.9% was down [...]
Global| Jan 31 2013
U.S. Employment Cost Index Rise Remains Moderate
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2013
Beyond Japan's IP Rebound...
Japan's index of industrial production rebounded strongly in December rising 2.5% after falling by 1.4% in November. Three-month growth rate is now up to an annual rate of 11.6, up sharply from a contracting -7.8% pace over 6-months [...]
Global| Jan 31 2013
U.S. Income Surges But Spending Slows
Personal income jumped 2.6% (6.9% y/y) last month after a revised 1.0% November gain, initially reported as 0.6%. A 0.8% rise was the consensus expectation. Last month's jump centered on a 34.3% surge (49.6% y/y) in dividend income. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2013
Challenger Job Cuts Rise Slightly But Hiring Surges
The outplacement firm of Challenger, Gray & Christmas reported that 40,430 job cuts were announced during January. The latest level was up slightly from December but still near the economic recovery low. During the last ten years [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2013
U.S. Initial Unemployment Insurance Claims Bounce Upward
Initial claims for unemployment insurance rose to 368,000 (-3.4% y/y) during the week ended January 26 versus an unrevised 330,000 a week earlier. Consensus expectations were for 350,000 claims. The four week moving average of claims [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2013
U.S. Income Surges But Spending Slows
Personal income jumped 2.6% (6.9% y/y) last month after a revised 1.0% November gain, initially reported as 0.6%. A 0.8% rise was the consensus expectation. Last month's jump centered on a 34.3% surge (49.6% y/y) in dividend income. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 30 2013
FOMC Will Continue Accommodation Until Labor Market Improves Further
As expected, the Federal Open Market Committee today left the Federal funds rate in a "range from 0 to 1/4 percent". The Fed funds rate has remained unchanged since late-2008 at its lowest level ever. The discount rate also was left [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 30 2013
U.S. Payrolls in ADP Survey Post a Steady Increase
Nonfarm private sector payrolls increased 192,000 during January according to the ADP/Moody's National Employment Report. The gain followed a 185,000 December rise, initially reported as 215,000. Consensus expectations were for a [...]
by:Tom Moeller
|in:Economy in Brief
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