Daily Econ Digest Weekly Highlights:

• Market Watch: U.S. growth may sputter with productivity and population growth so low (Friday)
• AEI: We’re #2 in taxing investment income. But apparently that’s not good enough (Friday)
• Forbes: President Obama's Budget Would Put A 67% Marginal Tax Rate On The Economy (Tuesday)
• Wall Street Journal: U.S. Economy Hits Speed Bumps (Monday)
• Fox Business: New GAO Report Finds Health Costs Vary Widely in U.S. (Monday)

 

Top Economic Indicator Highlights:

Employment Situation (December)

Establishment Survey

• Nonfarm payroll jobs: 257,000, 12-mo avg.: 267,000, Recovery avg.: 148,000
• Private payrolls: 267,000, 12-mo avg.: 261,000, Recovery avg.: 158,000
• Average workweek: 34.6 hours
• Largest industry sector growth: Construction
• Revisions: Annual revisions in this month’s report surprised with significant upward revisions to November (from 353,000 payroll jobs added up to 423,000) and December (from 252,000 to 329,000) of last year.

Household Survey

• Unemployment rate: 5.7%, 12-mo avg.: 6.1% , Recovery avg.: 8.1%
• Labor force participation rate: 62.9%, 12-mo avg.: 62.9%, Recovery avg.: 63.8%
• Employment-to-population ratio: 59.3%, 12-mo avg.: 59.0%, Recovery avg.: 58.6%

 

THIS WEEK

 

Upcoming Economic Reports & Releases:

Major Indicators

• Job Openings & Labor Turnover Survey (JOLTS) (10am, Tuesday)
• Treasury Monthly Budget Report (2pm, Wednesday)
• Retail Sales (8:30am, Thursday)
• Business Inventories (10am, Thursday)

 

Chart of the Week: