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Why GDP Could Trump Unemployment in Importance This Week

In most months, the biggest single economic report is the Employment Situation report issued by the U.S. Department Labor on the first Friday of the month. That may not hold ...
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U.S. Second-Quarter GDP Watch in the Week Ahead

While all eyes will be on the upcoming July unemployment and payrolls on Friday, August 1, the other big economic report during the week will of course be second-quarter gross domestic ...
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June Durable Goods Likely Saved Second-Quarter GDP

Friday's report on durable goods was one we were paying close attention to. After all, this is the last major broad production and consumption number ahead of the first look ...
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Why Durable Goods Matters So Much on Friday – GDP Watch

On Friday we will get to see the report for Durable Goods  for the month of June. This is an incredibly important report because it is for June, marking the ...
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An Astounding and Amazing Weekly Jobless Claims Report From the Labor Department

The U.S. Labor Department's report on weekly jobless claims blew the doors off the hinges. After last week's reading was revised to 303,000 from 302,000, the number came in at ...
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Moody’s Cuts Atlantic City to Junk

Atlantic City, which at one point was supposed to rival Las Vegas as a gambling destination, has nearly fallen to pieces. One of the last bricks taken out of its ...
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American Consumer Spending Continues to Falter

The consumer may have returned to malls and retail stores, but he remains wary about what he believes he can spend. Based on the portion of gross domestic product (GDP) ...
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June CPI Shows Inflation Has Arrived — Or Has It?

The U.S. Labor Department gave us the formal inflation reading for the month of June on Tuesday morning. Most investors are more concerned about major earnings reports and economic recovery ...
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GDP Watch: National Growth Decelerated in June

After a 2.9% drop in gross domestic product (GDP) in the first quarter of 2014, all eyes have been on June economic readings. After all, June marks the end of ...
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Will ‘Back to School Spending’ Hurt Holiday Retail Sales?

As the economy recovers slowly, among the most critical questions about GDP recovery is how much money Americans actually have to spend for more than essentials. High energy and food ...
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Last Week of Weather Makes California Drought Worse

The most recent report on the national drought conditions from the U.S. Drought Monitor: As of July 15: During the past 7-days, a series of slow-moving cold fronts traversed the ...
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Economic Recovery Watch: Capacity Utilization’s Weaker Reality

24/7 Wall St. covers many economic readings throughout each week, month and year. Many economic reports are trumped up in their value by the financial media and by short-term traders, ...
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Labor Department Brings Great News on Jobless Claims

The U.S. Labor Department is out with its tally on weekly jobless claims, and the verdict is that it was great news. While other information is out that was not ...
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Federal Reserve Beige Book Indicates Growth Trajectory Nationwide

The Federal Reserve has released its latest installment of the so-called Beige Book. The Fed is getting yet another chance to move the market with data that should have already ...
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Industrial Production Softening, Capacity Galore

Wednesday's economic reporting included industrial production and capacity utilization data for the month of June. It turns out that production was muted, and capacity remains defiantly under that key 80% ...
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