Weekly Economic Update November 28 - December 2, 2011
The economy added120,000 jobs in November as the unemployment rate fell to 8.6%. Productivity growth for Q3 was revised downwards to 2.3%. The ISM index rose 1.9 points to 52.7 in November. The Case-Shiller home price index declined 0.6% in September. New home sales edged up 1.3% in October as p...
Unemployment rate drops to 8.6% in November; payroll employment up 120,000
Total non-farm payroll employment rose by 120,000 in November, following gains of 100,000 in October (revised upwards from 80,000) and 210,000 in September (revised upwards from 158,000).
Why Europe Matters: A Stark Warning for the United States
The United States’ and European economies are closely linked and the potential for negative spillover from the European sovereign debt crisis to the United States is of significant concern.
Weekly Economic Update: November 21-25, 2011
GDP growth for Q3 was revised down to 2.0%. Existing home sales increase 1.4% in October. Personal income increased 0.4% as personal spending rose 0.1% in October. Durable orders fell 0.7% in October. Initial jobless claims edged up 2,000 to a level of 393,000 for the week ended 11/19.
BEA: 3rd quarter real GDP growth estimate revised down to 2.0% from 2.5%
Weekly Economic Update: November 14-18, 2011
Industrial production increased 0.7% in October. Retail sales were up 0.5% in October. The topline PPI fell 0.3% in October while the topline CPI declined 0.1%. Housing starts edged down 0.3% in October while building permits rose 10.9%. Business inventories were unchanged in September. Initial ...
Weekly Economic Update: November 7-11, 2011
Consumer credit increased 3.6% in September. The U.S. trade deficit narrowed 4.0% in September to $43.1 billion. The U.S. Treasury reported a deficit of $98.5 billion in October. Initial jobless claims fell 10,000 to a level of 390,000 for the week ended 11/5.
Weekly Economic Update: October 31- November 4, 2011
The economy added 80,000 jobs in October as the unemployment rate edged down to 9.0%. The ISM index declined 0.8 points to 50.8 in October while the ISM services index declined 0.1 points to 52.9. Auto sales increased 1.2% in October. Productivity increased at a 3.1% pace in the 3rd quarter of 20...
Payroll employment up 80,000 in October; Unemployment rate edges down to 9.0%
October Employment and Unemployment: The Bureau of Labor Statistics (BLS) released a report today on payroll employment and unemployment for October. Highlights of the report:
Job Creation Still Too Slow
Payroll Employment grew by a seasonally adjusted 80,000 jobs in the month of October. September job growth was revised up to 158,000 from a previously reported 103,000. Job growth in August was revised up to 104,000 from a previously reported 57,000.
