BLS Jobs Situation Mixed in January 2014

Written by Steven Hansen The January 2014 BLS jobs report headlines were not good. But the unadjusted data says this report is as good as most in the last six months. As I am a trend person, nothing stands out in this report as very good or very bad. Trends are relatively flat, and I …

January 2014 ISM Services Index Strengthens

Written by Steven Hansen The January 2014 ISM non-manufacturing (aka services) index continues its growth cycle, and strengthened marginally from 53.0 to 54.0 (above 50 signals expansion).  Important internals also strengthened – but note that last month’s internals were revised upward.

Strong GDP Numbers Not Reaching Main Street

BEA Estimates 4th Quarter 2013 GDP Growth at 3.22% Annual Rate, Down Modestly from 3rd Quarter by Rick Davis, Consumer Metrics Institute In their first estimate of the US GDP for the fourth quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 3.22% annualized rate, down .9% …