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Job Growth Does Better Than Expected In February - March 7, 2014
nation's employment situation
, in a pleasant surprise, brightened notably in February, notwithstanding the run of record low temperatures and heavy snowfall across the country over the past month and, for that matter, throughout this long and difficult winter.
The Beige Book Points To Further Economic Growth
The Federal Reserve's Beige Book, the summary of economic conditions across the 12 central bank Districts showed that economic conditions continued to expand from January through the first part of February.
Non-Manufacturing Growth Slows Notably In February - March 5, 2014
Just two days after the Institute for Supply Management (ISM) had reported a surprisingly strong report on manufacturing activity for the month of February, that same trade group just issued data that showed a surprisingly weak performance by the companion
, or services, sector during that same time span.
Manufacturing Increases In February - March 3, 2014
In a welcome, but moderate show of strength this morning, the Institute for Supply Management (ISM), the Arizona-based trade group, has reported that its index of U.S.
had ticked up in February, coming in at a reading of 53.2.
Fourth-Quarter GDP Revised Notably Lower - But In Line With Expectations
U.S. Commerce Department
earlier this morning reported a notably lower revised figure for fourth-quarter gross domestic product growth.
Durable Goods Orders Ease Back In January - February 27, 2014
Orders for durable goods
, or such long-lasting items as jet aircraft, washing machines, cars, and computers,
eased back by 1.0% in January
, as demand tapered for some big-ticket items save for military hardware.
New Home Sales Show Surprising Strength In January
Just when it appeared that all of the economic news would continue to be dour, the
earlier this morning reported that sales of new homes had ticked up by 9.6% in January.
Consumer Confidence Falls Modestly In February, But Some Encouraging Signs Persist
The much anticipated latest reading on
, which was issued shortly after today’s market opening, was slightly lower than economists were expecting. Indeed, the Consumer Confidence Index, a monthly survey based on a probability design random sample conducted by The Conference Board, fell modestly in February from the downwardly revised January figure.
Existing Home Sales Dip In January - February 21, 2014
, one of the stronger and more durable participants in the long economic recovery,
took a step back during January
, falling to the lowest level in a year and a half. For now, the problem seems to be largely weather related. The next few monthly reports, therefore, should be instructive.
Consumer Inflation Remains Muted - February 20, 2014
At a time when most
are troubling, in large part because of the notable dislocations caused by the harsh winter weather, the situation on the
front continues to be stable.