Recent Economic & Committee News

  • Weekly Economic Update October 20-25, 2014

    Oct 22 2014

    Associated Image The producer price index for total final demand fell 0.1% in September. Retail sales fell 0.3% in September. Business inventories increased 0.2% in August. The U.S. Treasury budget showed a surplus of $105.8 billion for September. Industrial production increased 1.0% in September. Housing starts increased 6.3% in September to a higher-than-expected annualized 1.017 million units. Building permits increased 1.5% in September to an annualized pact of 1.018 million units. Initial jobless claims fell 23,000 to 264,000 for the week ended 10/11.
  • Weekly Economic Update: September 29 - October 3, 2014

    Oct 06 2014

    Associated Image Personal income rose 0.3% in August while spending rose 0.5%. Pending home sales fell 1.0% in August. The Case-Shiller home price index fell 0.5% in July. Vehicle sales fell a sharp 6.3% in September to a lower-than-expected annual rate of 16.43 million units. The ISM manufacturing index fell 2.4 points to a lower-than-expected 56.6. Factory orders fell 10.1% in August. The economy added 248,000 nonfarm payroll jobs in September, while the unemployment rate fell to 5.9%. The U.S. trade deficit shrank 0.5% to $40.1 billion in August. The ISM services index ticked down a point to 58.6 in September. Initial jobless claims fell 8,000 to 287,000 for the week ended 9/27.
  • Weekly Economic Update: September 22-26, 2014

    Sep 29 2014

    Associated Image Existing home sales fell 1.8% to a lower-than-expected annual rate of 5.05 million units in August. New home sales jumped 18.0% to a higher-than-expected pace of 504,000 units annualized in August. Durable goods orders dropped 18.2% in August. In a final estimate, 2nd quarter GDP showed an upward revision to 4.6%. Initial jobless claims rose 12,000 to 293,000 for the week ended 9/20.
  • Weekly Economic Update: September 15-19, 2014

    Sep 22 2014

    Associated Image Industrial production slipped 0.1% in August. The producer price index for final demand remained unchanged in August. The consumer price index fell a lower-than-expected 0.2% in August. The FOMC announced that policy rates remain unchanged from the target level of 0 to 0.25%; purchases of agency-backed securities would decreased to $5 billion and Treasury security purchases would slow to $10 billion per month in October. Housing starts slowed 14.4% to an annualized pace of 956,000 units in August. Building permits slowed 5.6% to an annualized pace of 998,000 units in August. Initial jobless claims fell 36,000 to 280,000 for the week ended 9/13, the 2nd lowest level of the recovery.
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