All Paper Economy
Retail sales increase 4.7 percent from last yearRetail sales increased 0.5 percent from November 2012, but 4.7 percent on a year-over year basis.听
Jobless claims rise by 4,000Jobless claims increased by 4,000 to 371,000 claims from a revised 367,000 jobless claims聽for the prior week.
Food stamp use drops in OctoberIn October 2012,聽184,954聽recipients were removed from the food stamps program after August and September's addition of over 874,000.
Recession probability indicator rises in OctoberThe probability of a US recession rose to 7.34 percent in October, according to a relatively new recession probability indicator.听
Unemployment flat at 7.8 percent in DecemberUnemployment went flat at 7.8 percent in December with聽non-farm payrolls adding 155,000 jobs overall. Private non-farm payrolls sub-component added 168,000 jobs.
Jobless claims rise by 10,000Jobless claims increased by 10,000 to 372,000 claims from a revised 362,000 jobless claims for the prior week.听
ADP: Employers add 215,000 jobs in DecemberADP, a private staffing and business services firm, showed that private employers added 215,000 jobs in December. The total employment level is 1.57 percent above the level seen in December 2011, according to ADP.
A mixed November for constructionResidential construction spending increased 0.39 percent from October.听Non-residential construction spending declined 0.7 percent since October.
National Activity Index signals slight economic improvementThe Chicago Federal Reserve's National Activity Index improves with uptick to a tepid 0.1.听
A mixed November for home constructionSingle family home construction permits dropped 0.2 percent from October to 565,000 single family units. Single family home construction permits聽remained 68.58 percent below the peak in September 2005.
Good signs for housing market in DecemberThe housing market聽showed continued improvement in December with the National Association of Home Builders' latest Housing Market Index rising to 47.
Manufacturing declines in short-term; Future looks brighterThe latest Empire State Manufacturing Survey showed聽a slight decline for current assessments of manufacturing activity and an improvement to future assessments.
Industrial production jumps in NovemberTotal industrial production increased about 1 percent in November, rising 2.5 percent about the level of industrial production seen a year ago, according to data from the Federal Reserve.
Long term unemployment decreases in NovemberWorkers unemployed 27 weeks or more decreased to 4.79 million or 40.1 percent of all unemployed workers in November.
Unemployment rate drops to 7.7 percentTotal unemployment, including all marginally attached workers, declined slightly to 14.4 percent in November, while the traditionally reported unemployment rate also declined to 7.7 percent.
Mortgage rates fall to 3.4 percentThe average rate for a 30-year fixed-rate mortgage decreased 2 basis point to 3.43 percent since last week, according to the latest聽Mortgage Bankers Association data.
Jobless claims decline by 25,000Jobless claims fell to 370,000 from a revised 395,000 jobless claims for the prior week.听
ADP: Private employers add 118,000 jobs in NovemberADP indicated that the situation for private employment in the US improved in November as private employers added 118,000 jobs. The ADP data suggests that the economy is showing the most growth for small to mid-size service jobs.听
Recession probability drops in SeptemberThe latest release of a new recession probability indicator shows that the September value came in at a relatively low level of 2.94 percent probability of recession.听
Manufacturing falls in NovemberThe Institute for Supply Management's composite index declined 4.26 percent since October 2012 and dropped 5.17 percent below the level seen a year earlier.
