Posted by Joseph Y. Calhoun, III
Jobless claims were down slightly last week:
In the week ending Oct. 24, the advance figure for seasonally adjusted initial claims was 530,000, a decrease of 1,000 from the previous week’s unrevised figure of 531,000. The 4-week moving average was 526,250, a decrease of 6,000 from the previous week’s unrevised average of 532,250.
The advance seasonally adjusted [...]
Posted by Joseph Y. Calhoun, III
Third quarter GDP rose 3.5%:
Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 3.5 percent in the third quarter of 2009, (that is, from the second quarter to the third quarter), according to the “advance” estimate [...]
Posted by Joseph Y. Calhoun, III
New home sales fell in September:
Sales of new one-family houses in September 2009 were at a seasonally adjusted annual rate of 402,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.6 percent (±10.2%)* below the revised August rate of 417,000 and is [...]
Posted by Joseph Y. Calhoun, III
Orders for Durable goods rose last month:
New orders for manufactured durable goods in September increased $1.6 billion or 1.0 percent to $165.7 billion, the U.S. Census Bureau announced today. This was the second increase in the last three months. This followed a 2.6 percent August decrease. Excluding transportation, new orders increased 0.9 percent. Excluding defense, [...]