Recent Economic & Committee News

  • 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
  • Weekly Economic Update November 10-14, 2014

    Nov 17 2014

    Associated Image The U.S. Treasury deficit stood at $121.7 billion for October. Retail sales increased 0.3% in October. Business inventories are up 0.3% for September. Initial jobless claims rose 12,000 to 290,000 for the week ended 11/8.
  • Weekly Economic Update November 3-7, 2014

    Nov 10 2014

    Associated Image The ISM index grew a strong 2.4 points to 59.0 in October. Vehicle sales grew at a 16.5 million unit annual pace in October. Construction spending declined 0.4% in September. The U.S. international trade deficit widened $3.0 billion to $43.0 billion in September. Factory orders fell 0.6% in September. The ISM services index slowed to 57.1 in October. Nonfarm productivity growth for the 3rd quarter increased an annualized 2.0% while unit labor costs increased 0.3%. The economy added 214,000 nonfarm payroll jobs in October while the unemployment rate ticked down to 5.8%. Consumer credit increased $15.9 billion (0.5%) in September to $3.627 trillion. Initial jobless claims fell 10,000 to 278,000 for the week ended 11/1.
  • Weekly Economic Update October 27 - 31, 2014

    Nov 05 2014

    Associated Image Pending home sales rose 0.3% to 105.0 in September. Durable goods orders fell 1.3% in September. The Case-Shiller home price index fell 0.1% in August. The FOMC announced an end to quantitative easing, and left policy rates unchanged at a range of zero to 0.25 percent. In an advanced estimate for the 3rd quarter of 2014, real GDP grew 3.5% annualized. Personal income increased 0.2% while spending fell 0.2% in September. Initial jobless claims rose 3,000 to 287,000 for the week ended 10/25.
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