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unemployment report: Economic Update in Plain English ~ 1/9/2011 - 01/11/12 04:42 PM

LAST WEEK IN THE NEWS
Factory orders rose 1.8% in November to a seasonally adjusted $459.2 billion, following a revised 0.2% decrease in October. Excluding the volatile transportation sector, orders rose 0.3% in November.
Retail sales rose 1.2% for the week ending December 31, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 5.3%.
The Institute for Supply Management reported that the monthly composite index of manufacturing activity rose to 53.9 in December after a reading of 52.7 in November. A reading above 50 signals expansion. It was the 29th straight month of expansion. … (0 comments)

unemployment report: Economic Update in Plain English ~ 11/14/2011 - 11/14/11 10:47 PM
 
Last Week in the News
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending November 4 rose 10.3%. Refinancing applications increased 12.1%. Purchase volume rose 4.8%.
According to the Federal Reserve, consumer credit debt rose in September by $7.39 billion for a total credit level of $2.452 trillion. Revolving debt, which includes credit cards, fell by $627 million to $789.6 billion. Non-revolving debt, including loans for cars, rose by $8 billion to $1.662 trillion.
Wholesalers decreased their inventories 0.1% to $462 billion in September. This followed a revised 0.3% decline in August. … (3 comments)

 
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