Economic Research: U.S. Weekly Financial Notes: Counting Jobs Apr 10
- ID: 1885750
- April 2010
- Region: United States
- Standard & Poors
Payrolls rose 162,000 in March. Temporary Census hires accounted for only 48,000 of the increase, while private payrolls increased 123,000. (Watch the related video titled, "Economic Update: Spring Has Sprung," dated April 7, 2010.) Construction and manufacturing both saw increases in employment. Other economic releases this week included: The unemployment rate held at 9.7% in March. Home prices edged up 0.3% on a seasonally adjusted basis in January, according to the S&P/Case-Shiller Home Price Index. Consumer spending rose 0.3% in February, while incomes were flat. Sales of light motor vehicles jumped to an 11.8 million annual rate in March from 10.4 million in February. Consumer confidence (Conference Board) jumped 6.1 to 52.5 in March. Factory orders rose 0.6% in February,...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.