US US real GDP grew at a 4.1% pace during the second quarter and first quarter growth was also slightly stronger than first reported. The stronger GDP figures do not come as much of a surprise. This past quarter’s GDP data were even more difficult to predict than usual. The second quarter data include benchmark [...]
US The US labor market remained hot in June. Employers added 213,000 new jobs, while May’s gain was revised up to 244,000 from 223,000. Gains in June were broad based, with most industries adding jobs over the month. The unemployment rate ticked up to 4.0%; however, the upward movement was due to a 0.2 percentage [...]
US New home sales jumped 6.7% in May, to a 689,000-unit pace. However, April sales were revised lower and now reflect a 3.7% drop. Sales in the South were up 17.9% in May, to a new cycle high, and accounted for all of the national increase. More than half of new home sales occur in [...]
