Economy Watch: November 8, 2009 - November 14, 2009
Head of financial collapse commission vows to get answers
The chairman of the new commission on the financial collapse -- modeled on the 9/11 Commission -- promised on Friday an aggressive effort to hold accountable those who have so far escaped reckoning, while cautioning that the process would not...
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Frank Ahrens
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November 13, 2009; 2:30 PM ET |
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| Tags: Phil Angelides, financial system reform, regulatory reform
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Long-term unemployment at all-time high, looks like it's here to stay
Today, I wrap up Unemployment Week here at the Ticker by looking at long-term unemployment, which is at an all-time high. Last Friday, the government told us that the official unemployment rate in the U.S. is 10.2 percent, the highest...
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Frank Ahrens
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November 13, 2009; 11:39 AM ET |
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| Tags: BLS, unemployment
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Early Nov. consumer sentiment drops
Consumer sentiment in early November dropped to a reading of 66, well below expectations, which predicted a reading of 71.6 percent, according to data released moments ago. According to the Reuters/University of Michigan consumer sentiment index, consumers turned pessimistic in...
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Frank Ahrens
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November 13, 2009; 10:12 AM ET |
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The Ticker
| Tags: consumer confidence
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Stocks open slightly up
Wall Street opened slightly higher this morning as the markets digest a larger-than-expected trade imbalance released this morning and look forward to consumer sentiment numbers out at 10 a.m. today. In the first 15 minutes of trading, the Dow is...
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Frank Ahrens
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November 13, 2009; 9:49 AM ET |
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| Tags: Dow Jones, nasdaq, s&p 500
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Fed budget deficit for October: $176.36 billion
UPDATED at 5:40 p.m.: The federal budget deficit for October rose more than expected to $176.36 billion, the government announced moments ago, up from $155.53 billion in October 2008. This is the largest October deficit on record. It is the...
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Frank Ahrens
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November 12, 2009; 5:40 PM ET |
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The Ticker
| Tags: GDP, deficit, national debt
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Housing crash, teens drive Hispanic unemployment above national average
As part of Unemployment Week here at the Ticker, today I'm going to dive into the Hispanic unemployment picture in the U.S. Last Friday, the government told us that the official unemployment rate in the U.S. is 10.2 percent, the...
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Frank Ahrens
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November 12, 2009; 11:24 AM ET |
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The Ticker
| Tags: BLS, Hispanics, unemployment
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Stocks open up following unemployment news
Wall Street is up today following a stronger-than-expected jobless claims report from last week. In the first 30 minutes of trading, the Dow is up two-tenths of 1 percent. The broader S&P 500 is up three-tenths of 1 percent and...
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Frank Ahrens
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November 12, 2009; 9:47 AM ET |
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The Ticker
| Tags: Dow Jones, Obama, jobless claims, nasdaq, s&p 500
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New weekly jobless claims fall to lowest level since January
New jobless claims filed last week fell 12,000 from the previous week, from 514,000 to 502,000, a number that came in lower than forecasters expected and gave hope to those who believe that unemployment is peaking. Continuing claims by the...
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Frank Ahrens
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November 12, 2009; 8:45 AM ET |
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The Ticker
| Tags: Dennis Gartman, jobless claims
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Unemployment among young veterans much higher than the national average
UPDATED at 3:10 p.m. with CNBC video on hiring veterans embedded at bottom: Today I'm going to take a look at the unemployment situation among U.S. veterans, as part of Unemployment Week here at the Ticker, following last Friday's news...
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Frank Ahrens
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November 11, 2009; 3:10 PM ET |
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The Ticker
| Tags: BLS, Labor Department, unemployment, veterans
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Stocks up at opening
Stocks are up this morning, as Wall Street observes Veterans Day by closing the bond markets. In the first 15 minutes of trading, the Dow is up three-tenths of 1 percent. The broader S&P 500 is up half of 1...
By
Frank Ahrens
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November 11, 2009; 9:53 AM ET |
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The Ticker
| Tags: Dow Jones, nasdaq, s&p 500
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Teen unemployment hits all-time highs
Given that the official U.S. unemployment rate now stands at 10.2 percent, as reported by the government last Friday, I'm making this Unemployment Week here at the Ticker. Each day, I'll unpack a different piece of the nation's sorry unemployment...
By
Frank Ahrens
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November 10, 2009; 11:41 AM ET |
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| Tags: Bureau of Labor Statistics, unemployment
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Stocks up modestly at opening
Stocks opened up modestly this morning, following Monday's dollar-driven rally. In the first 15 minutes of trading, the Dow is up one-tenth of 1 percent. The broader S&P 500 is up slightly less than the Dow and the tech-heavy Nasdaq...
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Frank Ahrens
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November 10, 2009; 9:49 AM ET |
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| Tags: Dow Jones, nasdaq, s&p 500
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U.S. now beating European unemployment rates
For many on the left, the lament for years has been: Why can't America be more like Europe? Why can't the American lifestyle be more like the European lifestyle? Why can't our food be more like Europe's? Why can't rustic...
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Frank Ahrens
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November 9, 2009; 12:37 PM ET |
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The Ticker
| Tags: European Union, France, euro zone, unemployment
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Stocks up at opening
Wall Street opened higher this morning to kick off a week that's light on market-moving economic data, unlike last week. In the first 15 minutes of trading, the Dow is up eight-tenths of 1 percent. The broader S&P 500 is...
By
Frank Ahrens
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November 9, 2009; 9:52 AM ET |
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The Ticker
| Tags: Dow Jones, nas, s&p 500
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