Labor/Economy
Economy Watch: Employment Surprises on the Upside
The creation of 175,000 jobs in May by the U.S. economy, as reported by the Bureau of Labor Statistics, was taken as good news mainly because economists, pundits, and investors were expecting a mediocre or worse report (even though it was only a little better than mediocre).
‘Economy Watch’ Podcast with Dees Stribling: Job Numbers Weren’t as Disappointing as Expected
Jobs report surprises on the upside, but still a little tepid.
Economy Watch: U.S. Gains 175k Jobs in May
The Bureau of Labor Statistics reported on Friday that the U.S. economy created 175,000 jobs in May, compared with a rise of 149,000 in April, which was a surprise on the upside.
Economy Watch: Economic Growth Still Moderate, Fed Says (With Certain Exceptions)
According to the latest Beige Book published by the Federal Reserve, which is formally called the “Summary of Commentary on Current Economic Conditions by Federal Reserve District,” economic activity increased at a “modest to moderate pace” since the previous report across all Federal Reserve Districts.
Economy Watch: Another Positive Home Price Report
According to CoreLogic, which released its house price index for April, U.S. home prices were up 12.1 percent this April compared with last April.
Economy Watch: Construction Spending Ekes Out Gain
The Census Bureau reported that U.S. construction spending edged up in April by 0.4 percent compared with March, to an annualized rate of $860.8 billion.
‘Economy Watch’ Podcast with Dees Stribling: Housing is Still Rising
Housing is still improving, but not enough to bolster household wealth to pre-recession levels.
Economy Watch: Income Drops Slightly in April
The Bureau of Economic Analysis reported that personal income was down $5.6 billion, or a bit less than 0.1 percent, in April.
Economy Watch: Foreclosures Continue to Drop
CoreLogic reported that there were about 52,000 completed residential foreclosures in the United States in April 2013, down from about 62,000 in April 2012, for a year-over-year decrease of 16 percent.