Economy Watch Archive: Data
New weekly jobless claims fall by 21,000, an eight-week low
UPDATED at 12:21 p.m. with impact of automakers: The number of new jobless claims filed last week dropped by 21,000 to 454,000, the lowest number in eight weeks. Even more promising, the number of continuing claims dropped by 224,000 to...
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Frank Ahrens
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July 8, 2010; 12:21 PM ET |
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Clarification on the early use of the telegraph in financial transactions
I wrote this piece in Sunday's paper, in which I wrapped up a lot of dismal economic data from last week and noted that most of the wobbly economic recovery we've had so far has come from various government stimuli,...
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Frank Ahrens
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July 6, 2010; 12:38 PM ET |
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Behind the unemployment rate: Private-sector hiring still weak
As we do every month, let's unpack the data buried in today's June jobs report from the Labor Department's Bureau of Labor Statistics: Headline numbers: The official U.S. unemployment rate dropped from 9.7 percent to 9.5 percent. About 125,000 jobs...
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Frank Ahrens
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July 2, 2010; 2:50 PM ET |
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May income, spending and personal savings all rise
May personal income rose 0.4 percent and consumer spending rose 0.2 percent, numbers that came in line with expectations and that suggest the recovery creeps forward. Also, the May personal savings rate was 4 percent, the highest figure since September...
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Frank Ahrens
|
June 28, 2010; 9:05 AM ET |
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U.S. first-quarter GDP revised downward in troubling move
The government made a surprise reduction in its estimate of first-quarter GDP this morning, saying the economy grew at a 2.7 percent rate in the first three months of 2010, not a 3 percent rate, as previously computed. This is...
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Frank Ahrens
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June 25, 2010; 10:23 AM ET |
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May new home sales plunge 33%, surprising everyone
Forecasters were expecting that May new home sales would decrease compared with April, but not by this much: down 32.7 percent to an annualized sales rate of 300,000, which is a record low, according to numbers out moments ago. May...
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Frank Ahrens
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June 23, 2010; 10:02 AM ET |
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