Industry is strengthening

Dating back to the spring of 2009 industrial production in the United States has been one of the strongest economic sectors.  So when industrial production slipped in June along with other disappointing economic news, there was a mini-panic.  However, July’s...

Sales at Wal-Mart mixed

Good morning everyone! There is a slew of news this morning worth writing about.  First up is Wal-Mart which reported its second quarter earnings this morning.  In short, profits at the world’s largest retailer were up 3.6%.  However, U.S. same-store sales were...

Economic growth in Europe surprises big time

Second quarter economic statistics for Europe are out today and the numbers are very surprising.  The growth, while a modest (by U.S. standards) 1.0%, was the fastest in four years.  That 1.0% growth was as compared to the first quarter of 2010.  When compared to the...

Retail sales surprise on the good side

In the month of July, U.S retail sales were much stronger than expected, growing for the first time in 3 months.  Specifically, the U.S. Commerce Department recorded an increase of 0.4%.  Most of this increase was made up of increased spending on automobiles and gas. ...

Productivity is slipping

This morning the Department of Labor will be issuing its U.S. job productivity figures.  The numbers are expected to show a decline in the efficiency of U.S. workers. Analysis: Much may be made by the press about slipping productivity.  However, I am not that...

Unemployment numbers

This morning the U.S. Labor Department announced the unemployment figures for the month of July.  In short, they don’t look good…initially.  Technically the U.S. economy lost 131,000 jobs last month.  Of those losses 143,000 were U.S. Census jobs. ...