Economic Updates
Monday, December 07
Last Week in the News--------------------------------------------------------------------------------The Labor Department reported that the unemployment rate fell to 10% in November from 10.2% in October. Employers cut 11,000 jobs, the smallest monthly loss since the recession began in December 2...
Economic Updates
Monday, November 30
Last Week in the News Existing home sales rose 10.1% in October to a seasonally adjusted annual rate of 6.1 million units from 5.54 million units in September. The increase was largely due to the tax incentive for first-time homebuyers. The inventory of unsold homes on the market fell 3.7% to 3.5...
Economic Updates
Tuesday, November 24
Last Week in the News --------------------------------------------------------------------------------Retail sales increased 1.4% in October, following a revised 2.3% decrease in September. The gain was led largely by a 7.4% jump in auto sales. Excluding automobiles, retail sales rose 0.2%, fol...
Economic Updates
Tuesday, November 17
Last Week in the News-------------------------------------------------------------------------------- According to the ICSC-Goldman Sachs index, retail sales fell 0.1% in the week ending November 7. On a year-over-year basis, retailers saw sales increase 2.9%, the best showing since August 2008. ...
Economic Updates
Monday, November 09
Last Week in the News-------------------------------------------------------------------------------- The Institute for Supply Management reported the monthly index of manufacturing activity rose to 55.7 in October from 52.6 in September. It was the highest reading since April 2006 and well above...
Economic Updates
Thursday, November 05
Last Week in the News-------------------------------------------------------------------------------- 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 3.5% in the third quarter of 2009. The...