Economy

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Youth Unemployment Falls To 43% In Italy

Based on both youth and total unemployment, Italy looks like Spain and Greece did during the depths of the recession. Italy’s overall unemployment number was a record low 13.2% last month, and over four…

Douglas A. McIntyre · 12 years ago

Consumer Sentiment Upbeat on Job, Income Expectations

Jacob Wackerhausen/ThinkStockThe 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 89.4. The final…

Paul Ausick · 12 years ago

Weekly Jobless Claims Come Over the Top of Estimates

ThinkstockThe 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 above the Bloomberg consensus…

Chris Lange · 12 years ago

Mixed News on Durable Goods

ThinkstockThe 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 estimate of -0.5%, the…

Chris Lange · 12 years ago

Consumer Confidence Retreats from Recovery High

ThinkstockThe 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 Present Situation Index declined…

Chris Lange · 12 years ago

What the Preliminary GDP Reading Means for the Holidays

ThinkstockThe 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 estimates of 3.3%, which…

Chris Lange · 12 years ago