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Changes in Employment and Establishments of Top 5 States Show Effects of Printing Consolidation

Monday, July 27th, 2015

Last week we reviewed how the commercial printing industry in five major metropolitan areas fared in the years after the recession. This week we will show the data for the five largest states industry-wide, and also for small, medium, and large commercial printers. The data are from the Commerce Departments' ...

How Have Big Metro Area Printing Establishments Fared in the Recovery?

Friday, July 17th, 2015

How did the biggest metropolitan areas fare in the recovery? Some did better than others. With the assistance of economic statistics firm Explistats, we have examined data from 2010 (collected less than a year since the official start of the recovery) and compared them with 2013 (the latest data available). We ...

May US Commercial Printing Shipments +2.3%; 11 Months of Increases Compared to Prior Year

Friday, July 10th, 2015

May 2015 US commercial printing shipments were +2.3% higher than 2014, at $7.33 billion in current dollars. This was an increase of $168 million. Because inflation is negative for May compared to last year, the inflation-adjusted increase is +2.7%, or +$194 million. April 2015 shipments were revised down slightly from ...

Recovery Indicators Slip to Downside; Unemployment Report Great on the Outside, Hollow in the Middle

Monday, July 6th, 2015

The recovery indicators had a mixed performance to the downside this past month. New orders for manufacturers and non-manufacturers were up slightly, but the four other indicators fell, with one of them falling below that of the start of the recession.(click chart to enlarge) The NASDAQ had a rocky month but ...

Q1-2015 GDP Revised to “Less Bad” -0.2%; Q2 GDP in 2% Range

Thursday, June 25th, 2015

Real GDP was revised to make the first quarter's decline much smaller, from -0.7% to -0.2%. Consumer spending was revised higher, as were net inventories. The inventory data have been out of balance for some time; theoretically, long run net inventories should be zero, as goods and services are created ...

Fed Lowers GDP Outlook, Likely to Raise Rates by the End of 2015

Thursday, June 18th, 2015

The Federal Reserve lowered its forecast of 2015 GDP but maintained its March revisions forth the next two years. The Fed's forecasts have been reduced twice for 2015, originally with a high range of +3% back in their December forecast, but now just +2.0%. The negative Q1-2015 will be revised ...

Recovery Indicators Have a Good Month

Wednesday, June 3rd, 2015

The spotty nature of the recovery continues. In light of the negative GDP, prognosticators are looking for any data that can tell them the Q2 will be better, as the old rule of thumb about two negative quarters being a recession is in the back of their mind. That's not ...

Is Q1’s Negative GDP Something to Worry About? Probably Not… But on the Other Hand…

Tuesday, June 2nd, 2015

Harry Truman is known for his request for a one-armed economist, someone who could explain what was happening without saying "but on the other hand" as they discussed the opposing forces that are always present in the marketplace. Last Friday's GDP revision to negative was expected and shrugged off by most ...

US Commercial Printing Shipments Up for Eleventh Month

Tuesday, June 2nd, 2015

April 2015 US commercial printing shipments were up by +$258 million, +3.6%. In inflation-adjusted terms, because consumer inflation was negative in April, shipments were up by +$272 million, up +3.8%. (click chart to enlarge) The 12-month-moving-totals, a way of annualizing shipments data, are running at $84.5 billion, up +2.7% in current ...

A Look at the 23 Million US “Microbusinesses,” Increasing 3x the Rate of Population Growth

Thursday, May 28th, 2015

We know there are microbusinesses out there, and the best way to get a handle on it is an obscure government report called "Nonemployer Statistics." The official definition is "businesses that have no paid employees and are subject to federal income tax." These are most often sole proprietors, but they can ...