Recent Economic & Committee News

  • Weekly Economic Update December 8-12, 2014

    Dec 15 2014

    Associated Image The U.S. Treasury budget deficit fell to $56.8 billion for November. Retail sales rose 0.7% in November. Business inventories increased 0.2% in October. The producer price index for final demand fell 0.2% in November. Initial jobless claims fell 3,000 to 294,000 for the week ended 12/6.
  • Weekly Economic Update December 1 - 5, 2014

    Dec 08 2014

    Associated Image The ISM index ticked down to 58.7 for November. Vehicle sales rose 4.5% to an annual rate of 17.2 million units in November. Construction spending increased 1.1% in October. Nonfarm productivity was revised up to an annualized 2.3% for the third quarter. The ISM services index ticked up to 59.3. The economy added 321,000 nonfarm payroll jobs in November while the unemployment rate remained unchanged at 5.8%. The U.S. trade deficit slightly narrowed to $43.4 billion in October. Factory orders fell 0.7% in October. Consumer credit increased $13.23 billion (0.4%) to $3.279 trillion in October. Initial jobless claims fell 17,000 to 297,000 for the week ended 11/29.
  • Weekly Economic Update November 24-28, 2014

    Dec 01 2014

    Associated Image In the second estimate, GDP growth for the third quarter was unexpectedly revised up to 3.9%. Corporate profits came in at $1.873 trillion in the third quarter. Durable goods orders rose 0.4% in October. Personal income advanced 0.2% in October, as did consumer spending. New home sales came in at a lower-than-expected annualized pace of 458,000 in October. The pending home sales index fell 1.1% in October to 104.1. Initial jobless claims rose 21,000 to 313,000 for the week ended 11/22.
  • Weekly Economic Update November 17-21, 2014

    Nov 24 2014

    Associated Image Industrial production ticked down 0.1% in October. The producer price index for final demand rose 0.2% in October. Housing starts declines 2.8% to a 1.009 million unit pace. Building permits increased 4.8% in October to a 1.080 million unit pace. The consumer price index was flat for October. Existing home sales increased 1.5% in October to a pace of 5.260 million units. Initial jobless claims fell 2,000 to 291,000 for the week ended 11/15
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