RSSCategory: Economic Updates

Mar

7

Growth Report for Monday, March 7, 2016

242,000 NEW JOBS CREATED IN FEBRUARY Hiring picked up in America last month. In reporting this sizable net job gain in the second month of the year, the Labor Department also revised December and January hiring totals upward by a total of 30,000. That means payrolls have expanded by an average of 228,000 hires over […]

Continue Reading

Feb

29

Growth report for Monday, February 29, 2016

GOOD NEWS ABOUT CONSUMER SPENDING, Q4 GDP Personal spending and personal wages both increased 0.5% in January, according to the Bureau of Economic Analysis. The BEA also revised Q4 growth up to 1.0% from its initial estimate of 0.7%. As a footnote to all this, capital goods orders jumped 4.9% in January.1 CONSUMER CONFIDENCE WANES […]

Continue Reading

Feb

22

Growth Report for Monday, February 22, 2016

WALL STREET HAS ITS BEST WEEK OF 2016 Across four trading days, the S&P 500 rose 2.84% and the Dow Jones Industrial Average, 2.62%; the Nasdaq Composite beat them both with a 3.85% gain. The Friday settlements: Dow Jones, 16,391.99; Nasdaq, 4,504.43; S&P, 1,917.78. WTI crude settled at $29.64 on the NYMEX Friday and gold […]

Continue Reading

Feb

15

Growth Report for Monday, February 15, 2016

OIL JUMPS 12%, BUT STOCKS RETREAT FOR THE WEEK On Friday, WTI crude closed at a NYMEX price of $29.44 after a 12.32% surge. However, it fell 4.69% on the week, and major U.S. stock benchmarks fell as well. Across five days, the Dow Jones Industrial Average declined 1.43% to 15,973.84; the Nasdaq Composite, 0.58% […]

Continue Reading

Feb

8

Growth Report for Monday, February 8, 2016

UNEMPLOYMENT NOW BELOW 5% Although the economy added just 151,000 jobs in January, the Labor Department’s latest employment report also showed a reduction in the headline jobless rate to 4.9%. The broader U-6 measure of underemployment remained at 9.9%. Monthly payroll gains have averaged 231,000 since November; in fact, the 3-month, 6-month, and 12-month job […]

Continue Reading

Feb

1

Growth Report for Monday, February 1, 2016

ONE CONFIDENCE POLL RISES, ANOTHER FALLS The Conference Board’s consumer confidence index rose in January to 98.1, beating the Briefing.com forecast of 96.3. The University of Michigan’s consumer sentiment index lost 0.6 points on the month, ending January at 92.0.1,2 NEW HOME SALES LEAP 10.8% Census Bureau data showed new home buying at its hottest […]

Continue Reading

Jan

25

Growth Report for Monday, January 25, 2016

OIL REBOUND DRIVES STOCKS HIGHER Thanks to frosty weather hitting the Northeast and a round of short covering, WTI crude settled at $32.19 on the NYMEX Friday – up 9% for the day and 9.4% for the week. Oil’s surge (and hopes of quantitative easing overseas) bolstered stocks: across four days, the Dow gained 0.66% […]

Continue Reading

Jan

18

Growth Report for Monday, January 18, 2016

LIGHT SWEET CRUDE SETTLES AT $29.42 Oil closed at its lowest level in more than 12 years Friday, plummeting 11.3% for the trading week on the NYMEX. Two factors contributed greatly to the rout: the Energy Information Administration’s forecast of the global crude glut lasting well into 2017 and the imminent expiration of sanctions against […]

Continue Reading

Jan

11

Growth Report for Monday, January 11, 2016

CAN STOCKS REGAIN THEIR FOOTING THIS WEEK? Investors hope so after a very rough start to 2016. Declining oil prices and disappointing manufacturing data in both the U.S. and China helped trigger a global selloff: the major equity indices in Europe and Asia fell between 5-9% last week with our benchmarks following suit. The Dow […]

Continue Reading

Jan

4

Growth Report for Monday, January 4, 2016

HOUSEHOLDS MORE OPTIMISTIC AS 2016 APPROACHES In December, consumer confidence increased. The Conference Board’s respected index posted a reading of 96.5 in the last month of the year, 3.9 points above its revised November mark. Economists surveyed by Briefing.com expected a reading of just 93.5.1 PENDING HOME SALES INDEX FALLS The National Association of Realtors […]

Continue Reading