Weekly Economic Update: December 23-27, 2013

Jan 06 2014

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Personal income rose 0.2% in November while personal spending rose 0.5%. Durable goods orders are up 3.5% in November. New home sales fell 2.1% in November to an annual sales rate of 464,000 units. Initial jobless claims fell 42,000 to 338,000 for the week ended 12/21.

• Personal income rose 0.2% in November while personal spending rose 0.5%. Personal income is up 2.3% from a year ago and personal spending is up 3.5%.

• Durable goods orders are up 3.5% in November. Excluding transportation, orders are up 1.2%.

• New home sales fell 2.1% in November to an annual sales rate of 464,000 units. The median price rose 4.5% to $270,900, up 10.6% from a year ago.

• Initial jobless claims fell 42,000 to 338,000 for the week ended December 21st.

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