Economy

electronics

Consumer Sentiment Upbeat on Job, Income Expectations

The Thomson Reuters/University of Michigan Consumer Sentiment Index rose from a final October reading of 86.9 to a final November reading of 88.8, down from the preliminary November reading of ...
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Weekly Jobless Claims Come Over the Top of Estimates

The U.S. Department of Labor released the weekly jobless claims report Wednesday as the markets will be closed Thursday for Thanksgiving. The new jobless claims came in at 313,000, well ...
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Manufacturing

Mixed News on Durable Goods

The U.S. Department of Commerce released the durable goods orders report for the month of October Wednesday morning. The new orders index came in at 0.4% against a Bloomberg consensus ...
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Consumer Confidence Retreats from Recovery High

The Conference Board released its consumer confidence index for November as 88.7, below the Bloomberg consensus estimate of 96.5. The previous reading in October was a recovery high at 94.1. The ...
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What the Preliminary GDP Reading Means for the Holidays

The Bureau of Economic Analysis released the preliminary reading for real GDP growth at a seasonally adjusted annual rate of 3.9%. This came in above both Dow Jones and Bloomberg ...
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Texas

Despite Lower Oil Prices, Texas Manufacturing Remains Relatively Strong

If there is one state that comes to mind that may be worrying about lower oil prices, Texas has to be at or at least close to the top of ...
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Global Business Outlook Drops to 5-Year Low

The worldwide economy may not have returned to a recession. However, business executives around the world have started to exhibit so much anxiety that another dip may be just around ...
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5 States With Unemployment Under 4%

Even during a time of robust recovery, the national unemployment rate rarely drops below 5%. However, in a period in which unemployment in the United States is 5.8%, five states ...
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8 States With Unemployment Over 7%

The economic recovery is well enough underway that unemployment has finally dropped below 5.8%. It fell to that level in October. However, the recovery is very uneven. Eight states still ...
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Thanksgiving Travel Forecast at 7-Year High

With gasoline prices at a five-year low, AAA Travel predicts that 46.3 million Americans will travel more than 50 miles to celebrate the holiday, the highest number of travelers since ...
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Philly Fed Blows Out Estimates in November

The Philadelphia Fed released its November Business Outlook Survey on Thursday morning. The main reading in the survey, the current activity index, suggested a pickup in growth when it blew ...
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CPI Firms Up in October

The U.S. Department of Labor released the November Consumer Price Index (CPI) reading Thursday morning. The reading came in flat against a Bloomberg consensus estimate of -0.1%. The previous reading ...
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Thanksgiving Dinner Cost Rises Faster Than Family Income

The national average cost of a Thanksgiving dinner for a family of 10 this year has risen less than 1% year-over-year, from $49.04 to $49.41. In 2004 the same dinner ...
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Weekly Jobless Claims Continue to Bounce Off Recovery Lows

The U.S. Department of Labor released its weekly jobless claims for the week ending on November 15. The reading came in at 291,000, against a Bloomberg consensus estimate of 284,000. ...
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Euro

Eurozone PMI Well Below Forecast — Markit

In a sign that the recession that ravaged the eurozone continues to drag on its economy, its most recent Purchasing Managers Index (PMI), as measured by Markit, missed most expectations ...
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