Weekly Economic Update: April 1-5, 2013
Auto sales are unchanged in March at an annual rate of 15.27 million. ISM index slowed 2.9 points to 51.3 in March. Construction spending increased 1.2% in February. Factory orders rose 3.0% in February. ISM services index fell 1.6 point to 54.4 in March. Nonfarm payrolls increased 88,000 in March a...
Weekly Economic Update: March 25-29, 2013
Durable goods orders increased 5.7% in February. The Case-Shiller home price index rose 1.0% in January. New home sales increased 0.8% to an annualized pace of 411,000 in February. Pending home sales declined 0.4% in February. The 3rd estimate of 4th quarter 2012 GDP was revised up to an annualized ...
Weekly Economic Update: March 18-22, 2013
Housing starts increased 0.8% to an annualized pace of 0.917 million units in February. Building permits rose 4.6% to an annual pace of 0.946 million units in February. Existing home sales increased 0.8% to an annualized pact of 4.98 million units in February. Initial jobless claims rose 2,000 to 33...
Weekly Economic Update: March 11-15, 2013
The Treasury reported a $203.5 billion budget deficit for February. Retail sales increased 1.1% in February. Business inventories increased 1.0% in January. The topline PPI increased 0.7% in February. The topline CPI rose 0.7% in February. Industrial production rose 0.7% in February. Initial jobless...
Weekly Economic Update: March 4-8, 2013
ISM services index rose to 56.0 in February. Factory orders fell 2.0% in January 2013. Nonfarm productivity fell a revised 1.9% annualized in Q4 of 2012. The trade balance widened in January 2013 to $44.4 billion. Consumer credit increased $16.2 billion (0.6%) to $2.795 trillion in January 2013....
Despite a “Decent” Jobs Report, the Obama Recovery Falls Further Behind
The Bureau of Labor Statistics (BLS) reported this morning that the economy added a seasonally adjusted 236,000 nonfarm payroll jobs during the month of February. Private sector payroll jobs advanced by seasonally adjusted 246,000 jobs during the month. The unemployment rate declined to 7.7% in Fe...
Weekly Economic Update: February 25 - March 1, 2013
: Case-Shiller home index up 0.9% in December. New home sales jumped 15.9% in January to an annualized 437,000. Durable orders fell 5.2% in January. Pending home sales increased 4.5% to 105.9 in January. Second-estimate real GDP growth for fourth quarter 2012 revised up to 0.1%. Personal income fe...
Weekly Economic Update: February 18-22, 2013
Housing starts declined 8.5% in January to a pace of 0.890 million units. The topline producer price index rose 0.2% in January. The topline consumer price index remained unchanged in January. Existing home sales increased 0.4% in January to an annual rate of 4.92 million. Initial jobless claims ros...
Weekly Economic Update: February 11-15, 2013
The Treasury budget showed a rare surplus for January 2013 of $2.9 billion. Retail sales slowed to 0.1% in January. Business inventories rose 0.1% in December. Industrial production fell 0.1% in January. Initial jobless claims fell 27,000 to 341,000 for the week ended 2/9.
