Skip to main content

Representative David Schweikert - Vice Chairman

Weekly Economic Update: October 11-14, 2011

Weekly Economic Update: October 11-14, 2011

Related Image

Overview: Retail sales were up 1.1% in September.  The U.S. trade deficit was unchanged at $45.6 billion in September.  The U.S. Treasury reported a deficit of $64.6 billion for September.  Business inventories rose 0.5% in August.  Initial jobless claims fell 1,000 to a level of 404,000 for the week ended 10/8.

  • Retail sales increased 1.1% in September.  Excluding autos, sales were up 0.6%.
  • The U.S. trade deficit was unchanged at a level of $45.6 billion in August. 
  • The U.S. Treasury reported a deficit of $64.6 billion in September.
  • Business inventories rose 0.5% in August.
  • Markets closed the week up significantly.  The Nasdaq, which rose 7.6%, posted its largest weekly gain since March of 2009.  The rate on 10-yr. Treasury notes continued to rise. 
  • Initial jobless claims fell 1,000 to 404,000 for the week ended October 8th. 

VIRS_10.17.11

TED_10.17.11

Latest News