ECONOMIC UPDATES
Monday, March 28
Last Week in the News In its third and final report for the fourth quarter of 2010, the Commerce Department announced that gross domestic product — the total output of goods and services produced in the U.S. — increased at an annual rate of 3.1%, rather than the 2.8% increase previously report...
ECONOMIC UPDATES
Monday, March 21
Last Week in the News Retail sales rose 0.1% for the week ending March 12, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 3.1%.The National Association of Home Builders/Wells Fargo housing market index rose one point in March to 17. An index ...
ECONOMIC UPDATES
Sunday, March 13
Last Week in the News The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending March 4 rose 15.5%. Refinancing applications increased 17.2%. Purchase volume rose 12.5%.Wholesale inventories were at their highest level since Novem...
ECONOMIC UPDATES
Monday, March 07
Last Week in the News Initial claims for unemployment benefits fell by 20,000 to 368,000 for the week ending February 26. Continuing claims for the week ending February 19 fell by 59,000 to 3.77 million. The monthly unemployment rate fell to 8.9% in February from 9% in January.The Institute fo...
ECONOMIC UPDATES
Sunday, February 27
Last Week in the News Existing home sales rose 2.7% in January to a seasonally adjusted annual rate of 5.36 million units from 5.28 million units in December. The inventory of unsold homes on the market declined 5.1% to 3.38 million, a 7.6-month supply at the current sales pace, down from an 8...
ECONOMIC UPDATES
Sunday, February 13
Last Week in the News Initial claims for unemployment benefits fell by 36,000 to 383,000 for the week ending February 5, the lowest level since early July 2008. Continuing claims for the week ending January 29 fell by 47,000 to 3.88 million. Retail sales rose 2.2% for the week ending February ...