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Economic Indicator: Diminishing Housing Inventory a Sign of Recovering Market

Yesterday, the U.S. Census Bureau released data on new housing starts and building permits. Inventory is an important component of the construction data and recently, as the market has been recovering and completed homes have been selling relatively fast, the aggregate new housing inventory has been declining to some of the lowest levels on record.

U.S. Recognizes Another Year of Export Growth

Last year was another record-setting year for U.S. exporters.

Economic Indicator: Updated Upward Housing Trends

This blog post updates our post from August 16 on housing, and the most recent data shows that the upward trends in the nation's housing market continues.

Exports of Cars and Trucks: Driving Growth in the U.S. Motor Vehicle Industry

The U.S. motor vehicle industry is coming back, with production at its highest levels since October 2005, and with over 156,000 new jobs added since President Obama's rescue of the industry in June 2009. An important and little known driver of this expansion is increased exports of U.S. made cars and trucks to record levels.  

Economic Indicator: Positive trends in the housing sector

While more work needs to be done to restore economic security for families nationwide, a look at the recent data on the housing market shows continued improvements that are welcome news given the challenges experienced by homeowners since the recession.  Earlier today, the Commerce Department's Census Bureau released data on new residential construction in July 2012.

U.S. Manufacturing continues to create jobs in the U.S.

Earlier Friday, August 3rd, the Bureau of Labor Statistics (BLS) released a report showing that the private sector added 172,000 jobs last month, and overall employment rose by 163,000. While there's more work to be done, the economy is creating jobs on a consistent basis.  The economy has added private sector jobs for 29 straight months, for a total of 4.5 million jobs.  In fact, since the beginning of the year, the economy has added over 1.1 million private sector jobs. Today's employment report provides further evidence that the U.S.

Electronic and Mail Order Sales Jump 14 Percent Over The Year

Monday, July 16th, the Census Bureau will release its June advance estimates of retail sales.  Current consensus expectations are for sales to tick up following two months of declines.  When the data come out, many of us will jump right to the figures for general merchandise stores.

Manufacturing Workers Enjoy Higher Pay, More Benefits

Earlier today, we released "The Benefits of Manufacturing Jobs," an analysis of wages and benefits of manufacturing workers.  The report finds that total hourly compensation for manufacturing workers is 17 percent higher than for non-manufacturing workers (Figure 1).  This includes premiums in both wages and employer-provided benefits, such as health insurance and retirement plans. 

Economic Briefing April 24, 2012: STEM Across the “Gen(d)erations”

Last year, ESA issued a series of reports on science, technology, engineering, and mathematics (STEM) employment.  Newer data are now available and we updated some key results from these reports. Overall, the new data reaffirm the importance of STEM jobs to the U.S. economy (we are happy to share the details with anyone who is interested).

Economic Indicator: Retail Sales Growth Strong Over Past 12 Months

Retail sales increased a strong 0.8 percent in March (exceeding expectations) following similarly strong gains in January and February.  Taken together, retail sales grew a whopping 8.0 percent at an annual rate from the fourth quarter of 2011 to the first quarter of 2012 and jumped 6.4 percent from the same quarter last year.


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