Economy

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June 6, 2014

Economic Watch: U.S. Employment Grows by 217,000, Trucking Adds 1,500 Jobs

Four consecutive +200k monthly non-farm payroll reports is impressive, but it will take more than headline improvement to thrust the economy above current trend growth. Employment gains thus far have not yet led to wage pressures. Without adequate income growth, the consumer remains limited in spending capacity, which is restraining near-term growth prospects.

June 4, 2014

Economic Watch: Fed's June Beige Book Report says Economy Expanded In All Districts

Manufacturing activity expanded throughout the nation with a notable improvement along the East Coast. Growth was particularly strong for several Distracts related to motor vehicles, aerospace, and metals. Both non-residential construction activity and commercial real estate markets were generally steady to stronger since the last report.

June 4, 2014

Economic Watch: April Factory Orders, Construction Spending Rise

New orders for manufactured goods were up for the third consecutive month in April, rising 0.7% to $499.8 billion. April was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 1.5 percent March increase.

May 30, 2014

Economic Watch: Consumer Spending, Sentiment Decline

The 0.1% drop in personal consumption expenditures follows an upwardly revised 1% increase during March, which was the largest gain since August 2009 and is the first decline in a year.

May 29, 2014

Trucking Increases Share with U.S.-NAFTA Trade Hike

U.S. trade with its next-door neighbors totaled $101.5 billion in March 2014, the second highest amount on record, as four of five transportation modes carried more freight than the same time a year ago, according to new U.S. Transportation Department report.

May 29, 2014

Economic Watch: First Quarter GDP Falls 1%, Jobless Claims Hit 2007 Level

UPDATED -- The broadest measure of American economic health shows it throttled back in the first quarter of the year, according to the U.S. Commerce Department.

May 27, 2014

Economic Watch: Durable Good Orders Up, Shipments Fall; Consumers Upbeat

UPDATED: Shipments for these items designed to last three years or more fell 0.2% from March, following a 1.3% gain. The decline was led by a 1% drop in transportation shipments.

May 23, 2014

South Carolina Ports Have Best Month Since May 2008

The increase in pier containers pushed fiscal year 2014 volumes up by 5.5% year-over-year. April's pier container volume represented a 12.3% increase over April 2013 and a 21.7% increase over April 2012.

May 22, 2014

Economic Watch: Manufacturing, Existing Home Sales, Economic Indicators Improve

UPDATED -- Three newly released reports suggest the American economy may finally be shaking off the winter doldrums that brought business activity down in the first quarter, with expectations of improvements well into the year.

May 20, 2014

April Truck Tonnage Up from March, Remains Near All-Time High

The American Trucking Associations’ For-Hire Truck Tonnage Index increased 1.5% in April, after rising 0.6% the previous month, according to newly released figures. In April, the index equaled 129.1 versus 127.2 in March. The all-time high was in November 2013 at 131.

May 16, 2014

Economic Watch: Housing Starts Surge, Consumer Sentiment Dips

Housing starts in the U.S. jumped again in April, while the number of new building permits issued hit it best level since 2008, according to the U.S. Commerce Department.

May 15, 2014

Economic Watch: Consumer Prices Rise, Industrial Production Down

UPDATED -- A new report shows consumer prices rising for the sixth straight month, with the Consumer Price Index increasing 0.3% in April from the month before, the biggest gain in 10 months.

May 14, 2014

DOT Freight Index Up for Second Straight Month, Near Record High

The amount of freight carried by the nation’s for-hire transportation industry rose 1.6% in March from February, rising for the second consecutive month, according to the U.S. Department of Transportation’s Freight Transportation Services Index.

May 14, 2014

Economic Watch: Producer Prices Post Biggest Jump in 18 Months

Prices at the wholesale level surged in April, with the Producer Price Index showing a 0.6% increase from the month before and the largest gain since September 2012, according to the U.S. Labor Department.

May 13, 2014

Economic Watch: April Retail Sales Barely Improve

Retail sales in the U.S. barely moved higher in April, increasing just 0.1% from the month before, according to new Commerce Department figures.

May 7, 2014

Cass Freight Index: Freight Expenditures Hit Highest Level Since 1999

Freight expenditures increased for the third straight month during April while its 2.8% hike follows a 5.4% rise in March and an increase of 6.8% in February.

May 5, 2014

Intermodal Freight Volume Rises 2.6% in First Quarter

Total intermodal freight volumes rose 2.6% above the previous year in the first quarter of 2014, according to new figures from the Intermodal Association of North America, despite extreme weather conditions depressing economic activity across much of the continent.

May 5, 2014

Economic Watch: Non-Manufacturing Activity Highest Since August

Economic activity in the nation’s non-manufacturing sector grew in April for the 51st consecutive month, hitting its highest level since last August, according to the nation’s purchasing and supply executives in the latest Non-Manufacturing Report On Business.

May 2, 2014

Economic Watch: Unemployment Lowest in More Than Five Years; Factory Shipments, Auto Sales Up

UPDATED -- Numbers released Friday by the U.S. Labor Department show 288,000 jobs were added, the most since January 2012, with the unemployment rate falling to 6.3% from 6.7% in March.

May 1, 2014

Economic Watch: Consumer Spending, Construction, Manufacturing Post Gains

UPDATED -- A new report shows U.S. consumer spending in March took its biggest leap forward since August 2009.

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