GDP Decreases 3.8% in Q4
Jan 30, 8:53 AM ET |
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| In the third quarter, real GDP decreased 0.5%. |
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| Real gross domestic product - the output of goods and services produced by labor and property located in the United States - decreased at an annual rate of 3.8% in the fourth quarter of 2008, according to advance estimates released by the Bureau of Economic Analysis. |
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New Home Sales Drop 14.7% in December
Jan 29, 10:22 AM ET |
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| The median sales price of new houses sold in December 2008 was $206,500; the average sales price was $246,900. |
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| Sales of new one-family houses in December 2008 were at a seasonally adjusted annual rate of 331,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.This is 14.7% below the revised November of 388,000 and is 44.8% below the December 2007 estimate of 600,000. |
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Jobless Claims Rise by 3,000
Jan 29, 9:02 AM ET |
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| The advance unadjusted insured unemployment rate was 4.3% during the week ending Jan. 17, an increase of 0.1 percentage point from the last week. |
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| In the week ending Jan. 24, the advance figure for seasonally adjusted initial claims was 588,000, an increase of 3,000 from the previous week''''s revised figure of 585,000. The 4-week moving average was 542,500, an increase of 24,250 from the previous week''''s revised average of 518,250. |
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Durable Goods Orders Decline 2.6% in December
Jan 29, 8:55 AM ET |
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| Inventories of manufactured durable goods in December, up seventeen of the last eighteen months, increased $1.3 billion or 0.4% to $343.5 billion. |
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| New orders for manufactured durable goods in December decreased $4.7 billion or 2.6% to $176.8 billion, the U.S. Census Bureau announced today. This was the fifth consecutive monthly decrease and followed a 3.7% November decrease. Excluding transportation, new orders decreased 3.6%. |
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Fed Keeps US Rates Unchanged
Jan 28, 2:27 PM ET |
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| Industrial production, housing starts, and employment have continued to decline steeply, as consumers and businesses have cut back spending. |
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| The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 0.25%. The Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time. |
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Crude Oil Inventories Rise
Jan 28, 10:55 AM ET |
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| Distillate fuel inventories decreased by 1.0 million barrels, and are above the upper limit of the average range for this time of year. |
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| U.S. commercial crude oil inventories increased 6.2 million barrels from the previous week. At 338.9 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 0.1 million barrels last week, and are near the upper limit of the average range. |
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Existing Home Sales Rise by 6.5% in December
Jan 26, 10:22 AM ET |
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| The median existing single-family home price was $174,700 in December, down 14.8% from a year ago. |
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| Existing-home sales – including single-family, townhomes, condominiums and co-ops – jumped 6.5% to a seasonally adjusted annual rate of 4.74 million units in December from a downwardly revised pace of 4.45 million units in November, but are 3.5% below the 4.91 million-unit pace in December 2007. |
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Crude,Gasoline and Distillate Inventories Rise
Jan 22, 11:07 AM ET |
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| Distillate fuel inventories increased by 0.8 million barrels, and are above the upper limit of the average range for this time of year. |
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| U.S. commercial crude oil inventories increased 6.1 million barrels from the previous week. At 332.7 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 6.5 million barrels last week, and are at the upper limit of the average range. |
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Housing Starts Tumble 15.5% in December
Jan 22, 9:05 AM ET |
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| Single-family housing starts in December were at a rate of 398,000; this is 13.5% below the November figure of 460,000. |
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| Privately-owned housing starts in December were at a seasonally adjusted annual rate of 550,000. This is 15.5% below the revised November estimate of 651,000 and is 45% below the revised December 2007 rate of 1,000,000. |
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Jobless Claims Rise by 62,000
Jan 22, 8:58 AM ET |
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| The advance unadjusted insured unemployment rate was 4.2% during the week ending Jan. 10, a decrease of 0.2 percentage point from the prior week. |
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| In the week ending Jan. 17, the advance figure for seasonally adjusted initial claims was 589,000, an increase of 62,000 from the previous week''''s revised figure of 527,000. The 4-week moving average was 519,250, unchanged from the previous week''''s revised average of 519,250. |
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