.comment-link {margin-left:.6em;}

Economy

Economic Data (USA)

Friday, December 22, 2017

Consumer Sentiment: Final Result for December 2017

The University of Michigan's Index of Consumer Sentiment (ICS) - Final Result for December 2017 was released today:

Predicted: 97.0
Actual: 95.9

  • Change from Last Month: -2.64%
  • Change from 12 Months Ago: -2.342%

=========

From today's report:

"...Consumer confidence continued to slowly sink in December, with most of the decline among lower income households. The extent of the decline was minor, with the December figure just below the average for 2017 (95.9 versus 96.8). Indeed, the average in 2017 was the highest since 2000, and only during the long expansions of the 1960's and 1990's was confidence significantly higher. The recent strength was due to the second highest assessments of current economic conditions since 2000. This strength was offset by a slight increase in uncertainty about future economic prospects.
Tax reform was spontaneously mentioned by 29% of all respondents, with nearly an equal split between positive and negative impacts on economic prospects. Party affiliation was the dominant correlate of people's assessments of the tax legislation, with the long term economic outlook the most negatively affected.
Buying plans for durables and vehicles remained unchanged at favorable levels. Most consumers will know more about the revised tax code when the new paycheck withholding amounts take effect in early 2018. While the mostly small gains in take-home pay may not spark an uptick in optimism, those gains would act to dampen any renewed pessimism. Overall, the data indicate that real personal consumption expenditures will expand by 2.6% in 2018..."

=========

The ICS is derived from the following five survey questions:

  1. "We are interested in how people are getting along financially these days. Would you say that you (and your family living there) are better off or worse off financially than you were a year ago?"


  2. "Now looking ahead, do you think that a year from now you (and your family living there) will be better off financially, or worse off, or just about the same as now?"


  3. "Now turning to business conditions in the country as a whole, do you think that during the next twelve months we'll have good times financially, or bad times, or what?"


  4. "Looking ahead, which would you say is more likely: that in the country as a whole we'll have continuous good times during the next five years or so, or that we will have periods of widespread unemployment or depression, or what?"


  5. "About the big things people buy for their homes, such as furniture, a refrigerator, stove, television, and things like that. Generally speaking, do you think now is a good or bad time for people to buy major household items?"

=========


=========

The ICS uses a 1966 baseline, i.e. for 1966, the ICS = 100. So any number that is below the 1966 baseline of 100 means that the folks who were polled recently aren't as optimistic about the U.S. economy as the sample that was polled back in 1966.

The ICS is similar to the Consumer Confidence Index in that they both measure consumer attitudes and offer valuable insight into consumer spending.

=========

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

=========

Last month's final ICS reading was 98.5.



Labels: ,


> SITEMAP <

Durable Goods Orders During November 2017

The Durable Goods Orders report for November 2017 was released by the Commerce Department this morning:

Predicted: +2.0%
Actual: +1.3%

================

  • Previous month (revised): -0.4%

  • Change from 12 months previous: +8.2%
================

Durable Goods Orders - November 2017
Durable Goods Orders - November 2017

================

The yellow-highlighted figure represents the month-to-month change in orders for durable or hard goods for immediate or future delivery from U.S. manufacturers. Examples of durable goods: cars, airplanes, computers, furniture -- items that are built to last at least three years.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure. The Durable Goods Orders report is produced by the Commerce Department.

Click here to view the full Commerce Department report (PDF).



Labels: , ,


> SITEMAP <

New Home Sales During November 2017

The November 2017 New Home Sales report was released by the Commerce Department this morning:

Predicted: 650,000
Actual New Home Sales: 733,000

------------------------------------------------------

Change from One Month Previous: +17.5%

Change from One Year Previous: +26.6%

------------------------------------------------------

Median Price for a New Home during November: $318,700

Average Price for a New Home during November: $377,100


------------------------------------------------------

New Home Sales - November 2017
New Home Sales - November 2017

------------------------------------------------------


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.


Labels: , , ,


> SITEMAP <

PCE Price Index + Personal Income + Consumer Spending Report for November 2017

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for November 2017:

Consumer Spending (Personal Consumption Expenditures)
Predicted: +0.5%
Actual: +0.6%

----------------------

Personal Income
Predicted: +0.4%
Actual: +0.3%

----------------------

Disposable Personal Income: +0.4%

----------------------

The highlighted percentages represent the month-to-month change in Consumer Spending (aka Personal Consumption Expenditures), Personal Income and Disposable Personal Income for the entire United States.


=====================
=====================

Personal Consumption Expenditures (PCE) Price Index
Predicted: +0.3%
Actual: +0.2%

  • Change from 12 months previous: +1.8%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Predicted: +0.1%
Actual: +0.1%

  • Change from 12 months previous: +1.5%
=====================

The yellow-highlighted percentages represent the month-to-month change in the prices associated with domestic personal consumption. The PCE Price Index is different from the Consumer Price Index (CPI) in that it is a very broad measure of the prices associated with domestic products and services, while the CPI measures a more limited fixed basket of goods and services.

The broad nature of the PCE Price Index is key to why it is the Federal Reserve's preferred measure of inflation. The Federal Open Market Committee (FOMC) pays very close attention to it.

=====================

The "predicted" figures are what economists were expecting, while the "actual" figures are the true or real figure.


    Labels: , , , , , , , , , , ,


    > SITEMAP <

    Thursday, December 21, 2017

    New Unemployment Insurance Claims for The Week of December 16, 2017

    Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on December 16, 2017:

    Predicted: 234,000
    Actual: 245,000

    The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

    • Previous Week (unrevised): 225,000
    • 4-Week Moving Average: 236,000
    ========

    From today's report:

    "...Claims taking procedures continue to be disrupted in the Virgin Islands. The claims taking process in Puerto Rico has still not returned to normal..."

    ========




    Labels: , , , ,


    > SITEMAP <

    Gross Domestic Product (GDP): Final Estimate for Q3, 2017

    U.S. Gross Domestic Product (GDP) "final" (third estimate) report for the third quarter of 2017 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

    Predicted: +3.3%
    Actual: +3.2%

    The yellow-highlighted percentage represents the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists were expecting, while the "actual" is the actual or real figure.

    ============

    Corporate Profits

    Profits from current production (corporate profits with inventory valuation adjustment and capital
    consumption adjustment) increased $90.2 billion in the third quarter, compared with an increase of
    $14.4 billion in the second quarter.

    Profits of domestic financial corporations increased $47.8 billion in the third quarter, in contrast to a decrease of $33.8 billion in the second. Profits of domestic nonfinancial corporations increased $10.4 billion, compared with an increase of $59.1 billion. Rest-of-the-world profits increased $32.0 billion, in contrast to a decrease of $10.8 billion. In the third quarter, receipts increased $26.9 billion, and payments decreased $5.2 billion.

    ============

    GDP, Third Quarter 2017, Final Estimate
    GDP, Third Quarter 2017, Final Estimate

    ============

    The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."


    Labels: , , ,


    > SITEMAP <

    Wednesday, December 20, 2017

    Crude Oil Inventories Report for Week of December 15, 2017

    The U.S. Crude Oil Inventories report for the week that ended on December 15, 2017 was released this morning:

    -- Change from Last Week: -6,500,000 Barrels

    -- Change from Last Year: -49,000,000 Barrels

    -- Current U.S. Crude Oil Stocks: 436,500,000 Barrels

    Diminishing crude oil inventories often translate to higher crude oil prices (and vice versa), but not always.

    The report is produced by the U.S. Energy Information Administration (EIA).


    Labels: , , , ,


    > SITEMAP <

    Existing Home Sales During November 2017

    The Existing Home Sales report for November 2017 was released by The National Association of Realtors® (NAR) this morning:

    Predicted: 5,550,000
    Actual: 5,810,000

    • Change from Previous Month: +5.6%
    • Change from One Year Previous: +3.8%
    ==========

    Inventory: 1,670,000 (3.4 months supply)

    ==========

    The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

    ------------------------------------------------------

    Median Price for A Used Home During November 2017: $248,000

    Change from One Year Previous: +5.8%

    ---------

    Average Price for A Used Home During November 2017: $289,900

    Change from One Year Previous: +4.8%

    ------------------------------------------------------



    ==========

    From today's report:

    "...Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years, according to the National Association of Realtors®. All major regions except for the West saw a significant hike in sales activity last month.

    "The anticipated rise in mortgage rates next year could further cut into affordability if these staggeringly low supply levels persist,' said Yun. 'Price appreciation is too fast in a lot of markets right now. The increase in homebuilder optimism must translate to significantly more new construction in 2018 to help ease these acute inventory shortages.'

    First-time buyers were 29 percent of sales in November, which is down from 32 percent both in October and a year ago. NAR’s 2017 Profile of Home Buyers and Sellers – released earlier this year – revealed that the annual share of first-time buyers was 34 percent.

    Matching the highest share since May, all-cash sales were 22 percent of transactions in November, which is up from 20 percent in October and 21 percent a year ago. Individual investors, who account for many cash sales, purchased 14 percent of homes in November, up from 13 percent last month and unchanged from a year ago.

    'The elevated presence of investors paying in cash continues to add a layer of frustration to the supply and affordability headwinds aspiring first-time buyers are experiencing,' said Yun. 'The healthy labor market and higher wage gains are expected to further strengthen buyer demand from young adults next year. Their prospects for becoming homeowners will only improve if more lower-priced and smaller-sized homes come onto the market.'

    Properties typically stayed on the market for 40 days in November, which is up from 34 days in October but down from 43 days a year ago. Forty-four percent of homes sold in November were on the market for less than a month.

    "On the topic of tax reform, NAR President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, says it’s good news homeowners can continue to count on tax incentives such as the mortgage interest deduction and the state and local tax deduction.

    'Only 6 percent of homeowners have mortgages exceeding $750,000, and only 5 percent pay more than $10,000 in property taxes, but most homeowners won’t itemize under the new regime,' she said. 'While we’re pleased that important homeownership incentives such as the capital gains exclusion survived in conference, additional changes are required to truly incentivize homeownership in the tax code.'

    Distressed sales – foreclosures and short sales – were 4 percent of sales for the fourth straight month in November, and are down from 6 percent a year ago. Three percent of November sales were foreclosures and 1 percent were short sales..."

    ==========

    • The monthly Existing Home Sales report is released on or around the 25TH day of each month.

    ========

    Labels: , , , , , ,


    > SITEMAP <

    Tuesday, December 19, 2017

    Housing Starts During November 2017

    The U.S. Commerce Department this morning released its Housing Starts report for November 2017:

    ---------------------------------------------------

    Housing Starts:
    Predicted: 1,240,000
    Actual: 1,297,000

    Change From Previous Month: +3.3%
    Change From One Year Previous: +12.9%

    ---------------------------------------------------

    Building Permits:
    Predicted: 1,270,000
    Actual: 1,298,000

    Change From Previous Month: -1.4%
    Change From One Year Previous: +3.4%

    ----------------------------------------------------

    Housing Starts: The top, yellow-highlighted figure is a measure of initial construction of single and multi-family residential units in the United States for the indicated month. Seasonally adjusted annual rate. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

    If you're wondering about the demand for new homes in the United States,or about the American construction industry in general, then you should pay attention to the monthly Housing Starts report. This report also offers insight into specific types of consumer spending: when housing starts are up, demand for the stuff that a consumer would purchase for a new home (large appliances, consumer electronics, furniture, etc.) tends to also rise -- and vice versa.

    Click here to view the full Commerce Department report (PDF).


    Labels: , , , ,


    > SITEMAP <

    Friday, December 15, 2017

    Industrial Production + Manufacturing + Capacity Utilization During November 2017

    The Industrial Production, Manufacturing and Capacity Utilization numbers for November 2017 were released by the Federal Reserve this morning:

    Industrial Production:
    Predicted: +0.3%
    Actual: +0.2%

    Manufacturing:
    Predicted: +0.3%
    Actual: +0.2%

    The yellow-highlighted percentages represent the month-to-month change in manufacturing, and physical output from mining operations, utility plants and factories for the entire United States.

    Capacity Utilization Rate:
    Predicted: 77.2%
    Actual: 77.1%

    The Capacity Utilization Rate represents the use of available resources at mining operations, utility plants and factories for the entire United States last month.

    The "predicted" figures are what economists were expecting, while the "actual" is the true or real figure.

    From today's report:

    "...Industrial production moved up 0.2 percent in November after posting an upwardly revised increase of 1.2 percent in October. Manufacturing production also rose 0.2 percent in November, its third consecutive monthly gain. The output of utilities dropped 1.9 percent. The index for mining increased 2.0 percent, as oil and gas extraction returned to normal levels after being held down in October by Hurricane Nate. Excluding the post-hurricane rebound in oil and gas extraction, total industrial production would have been unchanged in November. Total industrial production was 106.4 percent of its 2012 average in November and was 3.4 percent above its year-earlier level. Capacity utilization for the industrial sector was 77.1 percent in November, a rate that is 2.8 percentage points below its long-run (1972–2016) average..."


    Labels: , , ,


    > SITEMAP <

    Thursday, December 14, 2017

    Import and Export Price Indexes for November 2017

    The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for November 2017:

    Import Prices
    Predicted: +0.7%
    Actual: +0.7%

    Change From 12 Months Previous: +3.1%

    ===============

    Export Prices
    Predicted: +0.3%
    Actual: +0.5%

    Change From 12 Months Previous: +3.1%

    ===============

    The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

    • Imports: the cost of goods produced in other countries and sold in the United States.
    • Exports: the cost of goods produced in the USA and sold in other countries.

    Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.



      Labels: , , , ,


      > SITEMAP <

      U.S. Retail And Food Services Sales Report for November 2017

      The Commerce Department this morning released advanced estimates of U.S. Retail and Food Services Sales for November 2017:

      Predicted: +0.3%
      Actual: +0.8%

      The yellow-highlighted percentage represents the month-to-month change in total sales receipts for retailers that sell durable and non-durable goods, and retailers that provide food and beverage services.

      =================

      Previous Month (revised): +0.5%

      Estimated Retail Sales During October: $492,700,000,000

      Change from 12 Months Previous: +5.8%

      =================

      The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

      Labels: , ,


      > SITEMAP <

      New Unemployment Insurance Claims for The Week of December 9, 2017

      Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on December 9, 2017:

      Predicted: 239,000
      Actual: 225,000

      The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

      • Previous Week (unrevised): 236,000
      • 4-Week Moving Average: 234,750
      ========

      From today's report:

      "...Claims taking procedures continue to be disrupted in the Virgin Islands. The claims taking process in Puerto Rico has still not returned to normal..."

      ========


      Labels: , , , ,


      > SITEMAP <

      Wednesday, December 13, 2017

      Crude Oil Inventories Report for Week of December 8, 2017

      The U.S. Crude Oil Inventories report for the week that ended on December 8, 2017 was released this morning:

      -- Change from Last Week: -5,100,000 Barrels

      -- Change from Last Year: -40,200,000 Barrels

      -- Current U.S. Crude Oil Stocks: 443,000,000 Barrels

      Diminishing crude oil inventories often translate to higher crude oil prices (and vice versa), but not always.

      The report is produced by the U.S. Energy Information Administration (EIA).

      Labels: , , , ,


      > SITEMAP <

      Consumer Price Index (CPI) for November 2017

      Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for November 2017:

      =========================================

      Predicted: +0.4%
      Actual: +0.4%

      (Change from 12 months previous: +2.2%)

      =========================================

      Below is the CPI when food and energy are removed, also known as core CPI:

      Predicted: +0.2%
      Actual: +0.1%

      (Change from 12 months previous: +1.7%)

      =========================================

      The above, yellow-highlighted figures represent the seasonally adjusted, month-to-month change in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

      The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

      General categories that constitute the CPI are:

      • Healthcare
      • Housing
      • Clothing
      • Communications
      • Education
      • Transportation
      • Food and Beverages
      • Recreation
      • Miscellaneous Goods and Services (grooming expenses, etc.)
      Click here to view the full Labor Department report.



      Labels: , , ,


      > SITEMAP <

      Tuesday, December 12, 2017

      Producer Price Index - Final Demand (PPI-FD) for November 2017

      The Producer Price Index - Final Demand (PPI-FD) for November 2017 was released this morning:

      Predicted: +0.3%
      Actual: +0.4%

      Change from 12 months previous: +3.1%

      =============

      Below is the PPI-FD when food and energy are removed:

      Predicted: +0.2%
      Actual: +0.3%

      Change from 12 months previous: +2.4%

      =============

      The above, yellow-highlighted percentages represent the month-to-month change in prices received by domestic producers of goods and services, for goods, services and construction in the United States, for final demand.

      Final Demand = personal consumption (consumers), exports, government purchases and capital investment.

      The PPI-FD is released by the Labor Department's Bureau of Labor Statistics.

      The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.



      Labels: , , , , , ,


      > SITEMAP <

      NFIB Small Business Optimism Index for November 2017

      The National Federation of Independent Business® (NFIB®) released its Small Business Optimism Index (SBOI) for November 2017:

      =========

      Predicted: 104.4
      Actual: 107.5

      • Change from Previous Month: +3.565%.
      • Change from 12 Months Previous: +9.248%

      =========

      NFIB Small Business Optimism Index - November 2017
      NFIB Small Business Optimism Index - November 2017

      =========

      From today's report:


      "...Not since the roaring Reagan economy has small business optimism been as high as it was in November, according to the National Federation of Independent Business (NFIB) Index of Small Business Optimism, released today.

      'We haven’t seen this kind of optimism in 34 years, and we’ve seen it only once in the 44 years that NFIB has been conducting this research,' said NFIB President and CEO Juanita Duggan. 'Small business owners are exuberant about the economy, and they are ready to lead the U.S. economy in a period of robust growth.'

      The Index gained 3.7 points in November, a sharp increase over what was already a near-record performance the previous month. Eight of 10 components posted gains, including a stunning and rare 16-point gain in Expected Better Business Conditions and a 13-point jump in Sales Expectations.

      'This is the second-highest reading in the 44-year history of the Index,' said NFIB Chief Economist Bill Dunkelberg. 'The NFIB indicators clearly anticipate further upticks in economic growth, perhaps pushing up toward four percent GDP growth for the fourth quarter. This is a dramatically different picture than owners presented during the weak 2009-16 recovery.

      'The change in the management team in Washington has dramatically improved expectations,' he continued.

      Job Creation plans increased six points last month, providing more evidence of a strong labor market. The number of owners who said it’s a Good Time to Expand rose four points; Inventory Plans increased by three points; Inventory Satisfaction increased by three points; and Actual Earnings Trend moved up two points.

      'Job creation faded, but hiring plans soared, primarily in construction, manufacturing, and professional services,' said Dunkelberg.

      Finding qualified workers has been a persistent problem all year for small business owners, a reliable sign of growing economy. Last month, it was the second most important problem facing small business owners. Only taxes polled higher.

      'Small business owners are paying very close attention to what is happening in Washington,' said Duggan. 'They continue to list taxes as their number-one problem, but they now have clear expectations that Congress and the President will address that problem.

      'As long as Congress and the President follow through on tax reform, 2018 is shaping up to be a great year for small business, workers, and the economy.'..."

      =========

      • Small business survey questions can be found at the end of today's report.
      • The baseline "100" score is associated with 1986 survey data.
      =========

      The previous month's SBOI reading was 103.8.

      =========



      Labels: , , , , ,


      > SITEMAP <

      Monday, December 11, 2017

      Job Openings and Labor Turnover Survey (JOLTS) for October 2017

      The Job Openings and Labor Turnover Survey (JOLTS) for October 2017 was released by the Labor Department this morning:

      ============

      Job Openings

      Predicted: 6,100,000
      Actual: 5,996,000

      • Previous Month (revised): 6,177,000

      • One Year Previous: 5,587,000

      =============

      Hires: 5,552,000

      Total Separations: 5,178,000

      =============

      The above, yellow-highlighted percentage represents the estimated number of job openings in the United States during the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

      Here's how the Labor Department defines Total Separations:

      "Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

      =============

      Labels: , , , , , , ,


      > SITEMAP <

      Friday, December 08, 2017

      Employment Situation Report for November 2017

      The Employment Situation Report for November2017 was released by The Department of Labor's Bureau of Labor Statistics this morning:

      Nonfarm Payrolls (month-to-month change)
      Predicted: +190,000
      Actual: +228,000


      U-3 Unemployment Rate (Headline)
      Predicted: 4.1%
      Actual: 4.1%

      U-6 Unemployment Rate*
      Actual: 8.0%
      Previous Month: 7.9%

      Average Hourly Earnings (month-to-month change)
      Predicted: +0.3%
      Actual: +0.1887%

      Civilian Labor Force Participation Rate: 62.7%
      Previous Month: 62.7%

      Average Workweek
      Predicted: 34.4 hours
      Actual: 34.5 hours

      Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

      The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

      From today's report:

      "...In November, average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $26.55 [+0.1887%]. Over the year, average hourly earnings have risen by 64 cents, or 2.5%. Average hourly earnings of private-sector production and nonsupervisory employees rose by 5 cents to $22.24 [+0.2253%] in November.
      The change in total nonfarm payroll employment for September was revised up from +18,000 to +38,000, and the change for October was revised down from +261,000 to +244,000. With these revisions, employment gains in September and October combined were 3,000 more than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.) After revisions, job gains have averaged 170,000 over the last 3 months..." [Establishment Survey Data]
      ======

      * = The U-6 Unemployment Rate is defined as:

      "Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

      Labels: , , , , , ,


      > SITEMAP <

      Thursday, December 07, 2017

      New Unemployment Insurance Claims for The Week of December 2, 2017

      Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on December 2, 2017:

      Predicted: 240,000
      Actual: 236,000

      The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

      • Previous Week (unrevised): 238,000
      • 4-Week Moving Average: 241,500
      ========

      From today's report:

      "...Claims taking procedures continue to be disrupted in the Virgin Islands. Claims taking process in Puerto Rico has still not returned to normal..."
      ========

      Labels: , , , ,


      > SITEMAP <

      sunfrogshirts.com
      Entire Website © 2017 sunfrogshirts.comSM


      This website is neither affiliated nor associated with The United States Federal Reserve in any way.
      Information in this website is provided for educational purposes only. The owners of this website
      make no warranties with respect to any and all content contained within this website. Consult a
      financial professional before making important decisions related to any investment or loan
      product, including, but not limited to, business loans, personal loans, education loans, first
      or second mortgages, credit cards, car loans or any type of insurance.

      Top Articles

      wti spot chart who sets the libor rate libor historic rates down jone market wti oil prices historical dow jones industrial averages citi dividend platinum select card historic euribor rates sears consumer credit card sears credit cards pay bill searscard.com pay online transfer balance american express dow jones ind av historical mortage rates light crude oil chart historical wti prices chart sears card annual fee citi black diamond card mortgage interest rates seattle dow jones ave dow jones industrial average define crude oil future price mortgage interest rates seattle us treasury 10 year yield present mortgage rates historical libor rates discover card cash advance limit chase credit card cash advance limit nymex oil price per barrel 3 month libor today usd 3m libor citi card sears petroleum price per barrel today crude oil chart price