Personal Income Increases 0.3% in August
Sep 29, 8:56 AM EDT |
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| Supplements to wages and salaries increased $4.6 billion in August, compared with an increase of $8.0 billion in July. |
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| Private wage and salary disbursements increased $2.5 billion in August, compared with an increase of $30.3 billion in July. Goods-producing industries'''' payrolls increased $1.6 billion, compared with an increase of $3.1 billion; manufacturing payrolls decreased $0.5 billion, in contrast to an increase of $1.5 billion. Services-producing industries'''' payrolls increased $0.8 billion, compared with an increase of $27.3 billion. |
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Jobless Claims Drop by 6,000
Sep 28, 9:18 AM EDT |
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| The advance seasonally adjusted insured unemployment rate was 1.9% for the week ending Sept. 16, the same as the prior week's unrevised rate of 1.9%. |
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| In the week ending Sept. 23, the advance figure for seasonally adjusted initial claims was 316,000, a decrease of 6,000 from the previous week''''s revised figure of 322,000. The 4-week moving average was 315,500, a decrease of 500 from the previous week''''s revised average of 316,000. |
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GDP Revised down to 2.6% in Q2
Sep 28, 9:02 AM EDT |
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| Real exports of goods and services increased 6.2 % in the second quarter, compared with an increase of 14.0 % in the first. |
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| Real gross domestic product - the output of goods and services produced by labor and property located in the United States - increased at an annual rate of 2.6% in the second quarter of 2006, according to final estimates released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 5.6%. |
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Crude Oil Inventories Inch Lower
Sep 27, 11:02 AM EDT |
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| Over the last four weeks, crude oil imports have averaged nearly 10.7 million barrels per day. |
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| U.S. crude oil refinery inputs averaged over 15.8 million barrels per day during the week ending September 22, down 107,000 barrels per day from the previous week''''''''s average. Refineries operated at 92.4% of their operable capacity last week. Gasoline production rose last week compared to the previous week, averaging nearly 9.3 million barrels per day, while distillate fuel production decreased, averaging over 4.2 million barrels per day. |
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New Home Sales Advance in August
Sep 27, 10:17 AM EDT |
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| The median sales price of new houses sold in August 2006 was $237,000; the average sales price was $304,400. |
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| Sales of new one-family houses in August 2006 were at a seasonally adjusted annual rate of 1,050,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.1% above the revised July rate of 1,009,000, but is 17.4% below the August 2005 estimate of 1,271,000. |
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Durable Goods Orders Fall Unexpectedly
Sep 27, 8:56 AM EDT |
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| Inventories of manufactured durable goods in August, up seven of the last eight months, increased $0.7 billion or 0.2% to $287.1 billion. |
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| New orders for manufactured durable goods in August decreased $1.0 billion or 0.5% to $209.7 billion, the U.S. Census Bureau announced today. This was the second consecutive monthly decrease and followed a 2.7% July decrease. |
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Consumer Confidence Improves on Lower Gasoline
Sep 26, 10:25 AM EDT |
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| The Conference Board Consumer Confidence Index, which decreased sharply in August, posted a gain in September. |
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| The Index now stands at 104.5, up from 100.2 in August. The Present Situation Index increased to 127.7 from 123.9. The Expectations Index rose to 89.0 from 84.4 last month. Consumers'''' outlook for the next six months was less pessimistic in September than in August. Those anticipating business conditions to worsen decreased to 10.6% from 12.9%. Those expecting business conditions to improve, however, remained virtually unchanged at 16.3%. |
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Leading Indicators Index Falls 0.2% in August
Sep 21, 11:00 AM EDT |
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| Three of the ten indicators that make up the leading index increased in August. |
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| The leading index has fallen below its most recent high reached in January, but it was still 0.4% above its year ago level in August. At the same time, real GDP growth slowed to a 2.5% rate in the second quarter, following a 5.6% gain in the first quarter. The behavior of the leading index so far suggests that economic growth should continue at a slow but steady pace in the near term. |
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Jobless Claims Rise by 7,000
Sep 21, 8:48 AM EDT |
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| The 4-week moving average was 315,000, unchanged from the previous week's revised average of 315,000. |
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| In the week ending Sept. 16, the advance figure for seasonally adjusted initial claims was 318,000, an increase of 7,000 from the previous week''''s revised figure of 311,000. The advance seasonally adjusted insured unemployment rate was 1.9% for the week ending Sept. 9, unchanged from the prior week''''s unrevised rate of 1.9%. |
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Interest Rates Remain Unchanged at 5.25%
Sep 21, 8:07 AM EDT |
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| The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4%. |
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| Readings on core inflation have been elevated, and the high levels of resource utilization and of the prices of energy and other commodities have the potential to sustain inflation pressures. However, inflation pressures seem likely to moderate over time, reflecting reduced impetus from energy prices, contained inflation expectations, and the cumulative effects of monetary policy actions and other factors restraining aggregate demand. |
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