Jobless Claims Surge 69,000
Jan 31, 9:12 AM EST |
|
| The advance seasonally adjusted insured unemployment rate was 2.0% for the week ending Jan. 19, unchanged from the last week unrevised rate of 2.0%. |
|
| In the week ending Jan. 26, the advance figure for seasonally adjusted initial claims was 375,000, an increase of 69,000 from the previous week''''s revised figure of 306,000. The 4-week moving average was 325,750, an increase of 10,250 from the previous week''''s revised average of 315,500. |
|
|
Full Story... |
Personal Income Rises 0.5% in December
Jan 31, 8:55 AM EST |
|
| Personal consumption expenditures increased $23.5 billion, or 0.2%. |
|
| Personal income increased $55.1 billion, or 0.5%, and disposable personal income increased $47.5 billion, or 0.5%, in December, according to the Bureau of Economic Analysis. In November, personal income increased $47.6 billion, or 0.4%, DPI increased $37.6 billion, or 0.4%, and PCE increased $94.6 billion, or 1.0%, based on revised estimates. |
|
|
Full Story... |
Fed Lowers Interest Rate by 0.5%
Jan 30, 2:33 PM EST |
|
| The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 3%. |
|
| Financial markets remain under considerable stress, and credit has tightened further for some businesses and households. Moreover, recent information indicates a deepening of the housing contraction as well as some softening in labor markets. |
|
|
Full Story... |
Crude and Gasoline Inventories Advance
Jan 30, 11:32 AM EST |
|
| Distillate fuel inventories declined by 1.5 million barrels, and are in the lower half of the average range for this time of year. |
|
| U.S. commercial crude oil inventories rose by 3.6 million barrels compared to the previous week. At 293.0 million barrels, U.S. crude oil inventories are in the lower half of the average range for this time of year. Total motor gasoline inventories increased by 3.6 million barrels last week, and are above the upper limit of the average range. Both finished gasoline inventories and gasoline blending components inventories increased last week. |
|
|
Full Story... |
Gross Domestic Product Rises 0.6% in Q4
Jan 30, 9:05 AM EST |
|
| The price index for gross domestic purchases increased 2.7% in 2007, compared with an increase of 3.3% in 2006. |
|
| 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 0.6% in the fourth quarter of 2007, according to advance estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 4.9%. |
|
|
Full Story... |
IMF Sees World Growth Slowing
Jan 29, 12:15 PM EST |
|
| Credit and market risks have continued to rise, and the global macroeconomic outlook looks less favorable. |
|
| Global financial market conditions have worsened since the publication of our last Global Financial Stability Report as the fallout from the subprime mortgage crisis widens. Coordinated central bank operations, together with rate cuts, have helped ease liquidity tensions in the interbank market; however, strains persist and term premiums are likely to remain elevated for some time. |
|
|
Full Story... |
Durable Goods Orders Soar 5.2% in December
Jan 29, 8:55 AM EST |
|
| Inventories of manufactured durable goods in December, up five of the last six months, increased $3.5 billion or 1.1% to $320.7 billion. |
|
| New orders for manufactured durable goods in December increased $11.2 billion or 5.2% to $226.6 billion, the U.S. Census Bureau announced today. This was the second consecutive monthly increase and followed 0.5% November increase. Excluding transportation, new orders increased 2.6%. Excluding defense, new orders increased 2.9%. |
|
|
Full Story... |
December Home Sales Down 4.7%
Jan 28, 5:29 PM EST |
|
| The median sales price of new houses sold in December 2007 was $219,200; the average sales price was $267,300. |
|
| Sales of new one-family houses in December 2007 were at a seasonally adjusted annual rate of 604,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.7% below the revised November rate of 634,000 and is 40.7% below the December 2006 estimate of 1,019,000. |
|
|
Full Story... |
Crude and Gasoline Inventories Rise
Jan 24, 10:54 AM EST |
|
| Distillate fuel inventories declined by 1.3 million barrels, and are near the middle of the average range for this time of year. |
|
| U.S. commercial crude oil inventories rose by 2.3 million barrels compared to the previous week. At 289.4 million barrels, U.S. crude oil inventories are in the lower half of the average range for this time of year. Total motor gasoline inventories increased by 5.0 million barrels last week, and are above the upper limit of the average range. Both finished gasoline inventories and gasoline blending components inventories increased last week. |
|
|
Full Story... |
Existing Home Sales Fall 2.2% in December
Jan 24, 10:27 AM EST |
|
| The national median existing-home price for all housing types was $208,400 in December, down 6.0% from a year earlier when the median was $221,600. |
|
| Existing-home sales declined in December following several months of stable activity, with total sales in 2007 at the fifth highest on record, according to the National Association of Realtors. Existing-home sales – including single-family, townhomes, condominiums and co-ops – slipped 2.2% to a seasonally adjusted annual rate of 4.89 million units in December from a pace of 5.00 million in November, and are 22% below the 6.27 million-unit level in December 2006. |
|
|
Full Story... |
|
|
1
