Employers added fewer jobs in August, while consumers continued to spend in July.
151,000 New Jobs in August: What We Learned During the Week of August 29 – September 2
Largest Payroll Gain in 2016, Other Data Not as Robust: What We Learned During the Week of August 1 – 5
The July employment report was a bit of an antidote to the disappointing Q2 GDP data released a week earlier. Surveys of purchasing managers and data on construction spending did not provide additional relief.
Slightly Better Q1 GDP, Spending & Manufacturing Grow: What We Learned During the Week of June 27 – July 1
We get another small upward revision in Q1 GDP, we see that consumer spending grew in May, and we hear that June may have been a decent month for manufacturing.
What We Learned About the U.S. Economy Last Week 