Weekly Economic Update: February 10-14, 2014
The U.S. budget deficit in January was $10.4 billion. Retail sales fell 0.4% in January. Business inventories increased 0.5% in December 2013. Overall industrial production fell 0.3% in December 2013. Initial jobless claims rose 8,000 to 339,000 for the week ended 2/8.
Another Disappointing Jobs Report
On Friday, the Bureau of Labor Statistics (BLS) released its monthly Employment Situation Report. On balance, it contained little good news for struggling American families on Main Street.
Weekly Economic Update: February 3-7, 2014
Auto sales fell slightly to an annual rate of 15.24 million in January 2014. The ISM index slowed significantly in January 2014, down 5.2 points to 51.3. Construction spending inched up 0.1% for December 2013. Factory orders fell 1.5% in December 2013. The ISM services index increased 1.0 point to 5...
Increasing the Minimum Wage
Attached you will find a new Joint Economic Committee Republican Staff Analysis of issues surrounding the President’s call for Congress to increase the minimum wage from its current level of $7.25 per hour.
Weekly Economic Update: January 20-24, 2014
Existing homes sales increased 1.0% to an annual rate of 4.870 million units for December 2013. Initial jobless claims rose 1,000 to 326,000 for the week ended 1/18.
Weekly Economic Update: January 13-17, 2014
The U.S. budget experienced a $53.2 billion surplus for December 2013. Retail sales increased 0.2% in December 2013. Business inventories increased 0.4% in November 2013. The producer price index increased 0.4% while core PPI increased 0.3% in December 2013. The consumer price index increased 0.3% w...
Weekly Economic Update: January 6-10, 2014
Factory orders increased 1.8% in November 2013. The ISM services index fell nine-tenths to 53.0 for December 2013. The U.S. trade deficit sharply narrowed $6.3 billion to $34.3 billion for November 2013. Consumer credit rose $12.3 billion (0.4%) to $3.087 trillion in November 2013. The U.S. economy ...
