Chicago PMI Tanks, Some Components Back to 2009 Levels
The Chicago Business Barometer was down 5.8 points to 42.9 in December, which was shown to be the lowest outturn since July of 2009.
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California Snowpack 136% Above Average
Since the melting snowpack represents 30% of California's water needs, according to a California Department of Water Resources report, every drop counts.
Consumer Confidence Rebounds, but Still Somewhat Mixed
The latest consumer confidence reading rebounded more than economists had expected.
Consumer Confidence Pops Higher in December
The Conference Board has released its Consumer Confidence Index and consumers saw a bounce in confidence at the end of December.
6 of Top 10 Cities With Most Air Pollution Are in California
The air pollution problem in U.S. cities will never approach China's, but that does not mean America is without an air quality challenge.
As Saudi Faces Budget Cuts, Its Economy by the Numbers
Some international economic watchers may wonder if a financially unstable Saudi Arabia could lead to more unrest in an already volatile Middle East.
Very Mixed Bag in Dallas Fed Manufacturing Index
There is some very mixed economic figures from the Federal Reserve Bank of Dallas. While the headline number was atrocious, the reality is that the actual production index rose in December.
Saudi Arabia Runs $98 Billion Budget Deficit in 2015
Continuing to pump more oil while prices show no signs of stopping their slide has led the Kingdom of Saudi Arabia to a budget deficit of $97.9 billion in 2015.
Firearm Background Checks Hit 222 Million Since 1998
NICS background checks for firearms have reached 222,363,898 for the period between November 1998, when the process began, to last month.
US Workers to Get 3% Raise in 2016
U.S. workers can expect a 3% pay raise, at least according to the Hay Group 2016 Global Salary Forecast. American workers will do slightly better than those around the world.
Weekly Jobless Claims Remain Low Ahead of Christmas
The last official economic reading before Christmas has been delivered, with the U.S. Department of Labor showing that weekly jobless claims fell to 267,000 in the prior week.
Personal Income and Spending Ticked Higher in November
Janet Yellen and her fellow Fed presidents have all indicated that they expect (or at least hope) inflation will return toward a 2.0% to 2.5% range.
Durable Goods Hang Tough
Economists and business owners alike have grown used to the notion that durable goods can be among the most volatile of all monthly economic readings.
Consumer Sentiment Remains Firm Into Year’s End
What stands out about this final University of Michigan December report is that the consumer sentiment reading is bolstered handily by the current picture rather than by the expected outlook ahead.
Q3 GDP Revised Lower, but Not Enough to Matter
Gross domestic product was in line with estimates in the Bureau of Economic Analysis's final look at the third quarter.