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![]() Industry and Market Trends
![]() The Economy (Page 9)
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| Author | Topic: The Economy |
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InvestorGuide Daily Administrator |
The nation’s unemployment rate held steady at a three-decade low of 3.9 percent in October. The strong employment situation is in contrast to other signs indicating a slowing economy. (source: MSNBC) http://www.msnbc.com/news/485051.asp In Brief: |
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InvestorGuide Daily Administrator |
Productivity gains among U.S. workers decelerated in the third quarter from the second while salary and benefits costs rose, the government reported Thursday, an indication that workers are beginning to demand more for their contributions on the job. (source: CNNfn) http://cnnfn.cnn.com/2000/11/02/economy/economy In Brief: |
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InvestorGuide Daily Administrator |
- Construction spending jumped 2.4 percent in September, the biggest gain in 10 months, led by strong increases in spending for home remodeling, office buildings and government projects. |
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InvestorGuide Daily Administrator |
In Brief: - Sales of new homes rose about 9 percent to an annual rate of 946,000 in September, far above the 895,000 expected by Wall Street, while the inventory of unsold homes fell to 302,000, which represents 3.9 months of sales. That makes the smallest sales to inventory ratio since December 1998. - Consumer confidence fell sharply from 142.5 in September to 135.2 in October, its lowest level in a year. The drop is a potentially worrisome sign for the approaching holiday retail season. |
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InvestorGuide Daily Administrator |
In Brief: - US personal income jumped a strong 1.1% in September, although much of that was due to heavy government subsidy payments to farmers (without such payments, the increase would be .4%). The all-important consumer market is still healthy, as spending rose .8%, while savings dropped .1%. |
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InvestorGuide Daily Administrator |
Today's Gross Domestic Product report, showing a slower-than-expected growth rate of 2.7% in the third quarter, has led some investors to conclude that the Fed will now lower interest rates in the near future. This reporter says not to bet on such a scenario occurring, at least not anytime soon. (source: theStreet). http://www.investorguide.com/cgi-bin/daily.cgi?02511 |
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InvestorGuide Daily Administrator |
The US GDP, considered the broadest measure of the economy, grew at a rate of 2.7% in the third quarter, the slowest since Spring 1999. Analysts were expecting an increase of 3.5%. The GDP chain deflator, a measurement of inflationary pressure, rose 2.0%, below predictions of 2.3%. |
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InvestorGuide Daily Administrator |
- The government today released data on a key inflation gauge, reporting that the Employment Cost Index rose just 0.9 percent in the third quarter, the slowest pace in a year. |
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InvestorGuide Daily Administrator |
A rise in last week's crude supplies that was half that of expectations lifted crude futures prices in after-hours trading Tuesday. (source: MarketWatch) http://cbs.marketwatch.com/archive/20001024/news/current/sector_energy.htx |
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InvestorGuide Daily Administrator |
The US trade deficit fell to $29.44 billion in August from $31.7 billion in July, beating analysts' expectations of a $31.8 billion gap. Imports and exports rose to record levels of $122.5 billion and $93 billion, respectively. (source: The Washington Post) http://www.washingtonpost.com/wp-dyn/articles/A38399-2000Oct19.html Federal Reserve Chairman Alan Greenspan said Thursday the central bank was closely monitoring the effects of higher oil prices on the U.S. economy but noted that at least so far, they had been insignificant. (source: MSNBC) http://www.msnbc.com/news/478545.asp |
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InvestorGuide Daily Administrator |
Consumer prices rose at the fastest pace in three months in September, reflecting higher prices for oil and gasoline, the government said Wednesday, while excluding energy costs prices edged up but at a slower pace. (source: CNNfn) http://cnnfn.cnn.com/2000/10/18/economy/economy/ Behind many of the earnings and revenue concerns hitting Wall Street is weakness in demand from Europe caused by the devaluation of the Euro. During trading today the currency once again hit an all-time low against the dollar. (source: MSNBC) http://msnbc.com/news/478214.asp |
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InvestorGuide Daily Administrator |
US industrial production expanded by .2% in September and 2.8% for 3Q. The growth rate is the slowest in a year and a half, following suit from the last two quarters. (source: The Washington Post) http://washingtonpost.com/wp-dyn/articles/A22626-2000Oct17.html |
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InvestorGuide Daily Administrator |
In Brief: - U.S. companies boosted inventories in August by a brisk 0.7 percent, the best showing in two months, with retailers leading the way. |
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InvestorGuide Daily Administrator |
JJ Cramer says that while a recession seems nearly unthinkable right now, it may not be as unlikely as you think. (source: The Street) http://www.thestreet.com/comment/wrong/1122910.html |
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InvestorGuide Daily Administrator |
In Brief: - Retail sales rose 0.9% in September, compared with a 0.2% rise in August. Excluding automobiles, sales increased 0.7%. The producer price index, rose 0.9% in September, the Labor Department said Friday, after declining 0.2% in August. The core index, which does not include food and energy, rose 0.3%. |
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