Weekly Economic Update: May 30- June 3, 2011
Overview: The economy added 54,000 payroll jobs in May as the unemployment rate rose to 9.1%. The ISM index fell 6.9 points to 53.5 in May as the ISM services index rose 1.8 points to 54.6. Factory orders were down 1.2% in April. The S&P/Case-Shiller home price index edged down 0.2% in March. C...
Payroll employment up 54,000 in May; unemployment rate edges up to 9.1%
May Employment and Unemployment: The Bureau of Labor Statistics (BLS) released a report today on payroll employment and unemployment for May (pdf summary available at http://www.bls.gov/news.release/pdf/empsit.pdf). Highlights of the report:
Payroll Employment Changes by Sector May 2011
Change in Number of Unemployed by Category May 2011
Civilian Unemployment Rate 1980 to Date
Monthly Change in Non-Farm Employment Since 2000
Weekly Economic Update: May 23-27, 2011
Overview: Personal income and spending increased 0.4% in April. New home sales rose 7.3% as pending home sales fell 11.6% in April. Durable orders declined 3.6% in April. GDP growth for the 1st quarter remained unchanged at 1.8% according to the second estimate. Initial jobless claims rose by 1...
The Senate Republican Balanced Budget Amendment Will Guarantee Getting Federal Debt Under Control
America is facing fiscal catastrophe. The recent massive increase in federal government spending has placed the U.S. government on an unsustainable path. The problem is so severe that in the near term the U.S. government will exhaust its capacity to service its debt – regardless of the statutory au...
Who Ran Up America's Debt?
“This Republican Staff Commentary examines, on an inflation adjusted basis, share of our nation’s debt that accumulated under Democratic, Republican, and Split Control Congresses since the end of World War II.”
Weekly Economic Update: May 16-20, 2011
Overview: Existing home sales edged down 0.8% in April. Housing starts dropped 10.6% in April as building permits fell 4.0%. Industrial production was unchanged in April. Initial jobless claims fell by 29,000 to a level of 409,000 for the week ended 5/14. • Existing home sales edged down 0.8% t...
