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State job gains are spotty; nonresidential starts soar, Reed says; housing heats up a bit
In April, seasonally adjusted nonfarm payroll employment increased in 32 states and the District of Columbia and decreased in 18 states. Scattered reports of tight markets for construction labor have appeared recently. The value of nonresidential construction starts soared 62%, not seasonally adjusted, from April 2011 to April 2012 and 18% year-to-date for the first four months combined.
May 18, 2012 – AEM
Japan's economy grows 4.1 percent amid recovery
Japan's economy grew an at annual rate of 4.1 percent in the first quarter amid a gradual recovery from last year's catastrophic earthquake and tsunami.
May 17, 2012 – Yahoo News
D.C. Watch: Work continues on farm bill
There is still work going on behind the scenes on the new farm bill. The architects of the Senate proposal, Senators Debbie Stabenow, D-Mich., and Pat Roberts, R-Kan,, say they are open to changes to the bill as long as they fit within the budget.
May 17, 2012 – AG Professional
Manufacturing in Philadelphia Region Expectedly Shrank in May (Update 1)
Manufacturing in the Philadelphia region unexpectedly shrank in May for the first time in eight months, reflecting a drop in orders and employment.
May 17, 2012 – Bloomberg
In China, Economics Is Politics
As the Bo Xilai and Chen Guangcheng episodes show, politics in China can be brutal. For the Chinese Communist Party, an enduring social compact with its people is still a long way off.
May 16, 2012 – Bloomberg Businessweek
FFA Names 50 Individuals As The 2012 New Century Farmers
The National FFA Organization has selected 50 outstanding young people to participate in the 2012 New Century Farmer program. This exclusive, highly competitive program develops young men and women committed to pursuing a career in production agriculture.
May 15, 2012 – Agri Marketing
UK manufacturers want more support, says survey
UK manufacturers want the government to offer more practical support to the industry rather than "empty rhetoric", according to a new survey.
May 15, 2012 – BBC News
India factory output dips 3.5% as manufacturing shrinks
India's industrial production fell unexpectedly in April, led by a drop in manufacturing, raising concerns about a slowdown in its economy.
May 14, 2012 – BBC News
China's central bank eases
China's central bank took further action Saturday to stimulate its economy.
May 14, 2012 – CNN Money
Monday Economic Report - May 14th
Much of the economic focus last week dealt with the aftermath of French and Greek elections. While European sovereign debt issues have been in the forefront the past few years, it seems there are always new developments that add to our collective anxieties about the euro's stability and member nations' ability to grapple with their finances.
May 14, 2012 – Shopfloor
Ag Groups Urge Rail, Waterways Measures in Transport Bill
The conference process for divergent House- and Senate-passed surface transportation bills began last week with a public hearing that was dominated by opening statements and calls for passage of a long-term bill.
May 14, 2012 – USAg Net
Jobless Claims in U.S. Dropped 1,000 Last Week to 367,000
First-time claims for jobless benefits fell last week to a one-month low, helping allay concern that the labor market may suffer an extended setback.
May 10, 2012 – Bloomberg
New Reports Says Biofuels Making Substantial Contribution to Global Economy
The biofuels industry contributed $277.3 billion to the global economy in 2010 according to a new report commissioned by the Global Renewable Fuels Alliance. "Contribution of Biofuels to the Global Economy" (PDF download) done in partnership with the global economic research company, Cardno Entrix, outlines the economic footprint of the biofuels industry that is continuing to grow at a strong pace.
May 10, 2012 – Farm Equipment
Gas Prices Drop For Fifth Consecutive Week
The U.S. average retail price of regular gasoline decreased 4 cents this week to $3.79 per gallon, 18 cents per gallon lower than last year at this time. This marks the fifth straight week of decline, with the average price down 15 cents since April 2.
May 10, 2012 – USAgNet
Monday Economic Report - May 7, 2012
Economic indicators released last week were mixed. Manufacturing continues to advance, boosting output and overall job creation. The Institute for Supply Management (ISM) released its latest Purchasing Managers' Index (PMI), which showed new orders, production and employment growing at a faster pace than previous months.
May 7, 2012 – Shopfloor
China April inflation, output data to show stabilizing economy
New evidence that the Chinese economy has bottomed out and is now stabilizing is likely to be seen in a raft of data due out on Friday, with inflation falling and output strengthening, a Reuters survey showed.
May 7, 2012 – Yahoo News
No Repeating Slowdown Seen by U.S. With Banks to Housing
The smallest gain in U.S. payrolls in six months need not presage the kind of slowdown that bedeviled the world's largest economy for the past two years.
May 7, 2012 – Bloomberg
April jobs report: Hiring slows, unemployment falls
Hiring slowed in April and workers dropped out of the labor force in droves -- not a good sign for the job market going forward.
May 4, 2012 – CNN Money
AEM CE Stock Index Down 4.5 Percent For Week Closing May 4
Stock prices for companies in the AEM Construction Equipment Index fell last week all ten companies in the index had lower stock prices on May 4 compared to closing prices on April 27. The AEM Construction Equipment Stock Index fell 4.5 percent for the week ending May 4. The S&P 500 Average Index fell 2.4 percent.
May 4, 2012 – AEM
Construction jobs, spending show little change in latest month but rise from year ago
Nonfarm payroll employment rose in April by 115,000, seasonally adjusted, and the unemployment rate fell from 8.2% in March to 8.1% (7.7%, not seasonally adjusted). Construction spending in March totaled $809 billion at a seasonally adjusted annual rate, up 0.1% from the downwardly revised February total and up 6.0% from March 2011. Employment increased in 267 out of 372 metropolitan areas from March 2011 to March 2012, decreased in 96 and remained flat in nine, BLS reported on Wednesday.
May 4, 2012 – AEM
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