Economy/Ecommerce
Economy Watch: ADP Says Sandy Put Dint in Hiring
Automatic Data Processing, which prepares hiring numbers in cooperation with Moody’s Analytics every month, said that the U.S. private sector created 118,000 jobs in November, a drop from the 157,000 the company reported in October.
Economy Watch: Home Prices Continue Upward Trajectory
CoreLogic reported on Tuesday that U.S. home prices were up 6.3 percent year-over-year in October.
Economy Watch: Construction Spending Edges Up in October
Spending on private construction came in at an annualized rate of $592.1 billion, 1.6 percent above September’s total of $582.7 billion.
Economy Watch: Sandy Put Dent in Incomes, Spending
U.S. personal income, which had been edging upward in recent months, stayed essentially flat in October, according to the Bureau of Economic Analysis.
‘Economy Watch’ Podcast with Dees Stribling: Mostly Good News—If You Ignore the Fiscal Cliff
Mostly good news, if you ignore the fiscal cliff—and there’s no real news about that yet anyway.
Economy Watch: GDP Expands More Than Thought
The Bureau of Economic Analysis revised its estimate of real U.S. GDP to an annualized 2.7 percent in the third quarter, compared with the initial estimate of 2 percent.
Economy Watch: Fed Says Growth at “Measured Pace”
The Federal Reserve released the latest Beige Book and for the moment, the central bank isn’t characterizing the U.S. economic as experiencing “moderate” or “modest” growth.
Economy Watch: Home Prices Continue Upward
According to the latest S&P Case-Shiller Home Price Indexes residential property prices are still on the rise.
Economy Watch: Greece, Sandy to Cost Many Billions
At the conclusion of the latest round of marathon meetings in Brussels, euro-zone finance ministers optimistically asserted that they’ve hit on a formula for putting the Greek economy on a more sound footing.
Economy Watch: Black Friday Sales Up; Most States See Unemployment Drop
According to the National Federation of Retailers, U.S. shoppers made a record 247 million visits to physical stores and websites over Black Friday weekend, up from 226 million last year (the number of unique shoppers making those visits was 139.4 million adults).