December 2017

Employment by Industry

The economy created 228,000 jobs in November, much higher than the year to date monthly average of 173,000. The total number of seasonally adjusted (SA), non-farm people employed in the U.S. in November was 147.241 million (M), an increase of 0.16% month on month, (m/m). Over the past 12 months the U.S. economy has added [...]

U.S. Infrastructure Spending

Referencing data from the U.S. Census Bureau’s construction put-in-place (CPIP) shows that total infrastructure spending, (not seasonally adjusted in constant 2009 dollars) decreased by 4.4% three months year on year, (y/y) to $51.8 billion, (B). On a twelve month y/y comparison, spending was down 5.0% to $166.5. Momentum was positive at 0.6%. Table 1 presents [...]

Employment: Continuous and New Jobless Claims

The U.S. labor market continues to perform well. Continuous claims as well as new claims for unemployment insurance benefits remain at historic lows. Seasonally adjusted (SA), continuous claims stood at 1.96 million, (M) on November 18th, climbing 42,000 week on week. The SA four week moving average (4WMA), was a shade higher at 1.91M, up [...]

Dodge Momentum Index

After a big decline in September, the Dodge Momentum Index has rebounded 33.9 points or 29.3% over the past two months, 15.7 points in October and 18.2 points in November. The index now boosts its highest reading ever, eclipsing the February high of 144.0. The commercial and institutional sub-indexes posted significant increases for the month. [...]

Consumer Credit

Total consumer credit increased by $20.50 billion, (B) in October, well above analysts’ expectations for the second month in row. Analyst projections for October were for $17.6B. The increase in October was the largest monthly increase since November 2016, when it rose by $24.5 billion. Non-revolving credit moved-up by $12.2B, $1.1B more than in September. [...]