CA Financial Services | Blog Entries | Cornerstone Financial Group

Weekly Economic Update - 5.14.12

Monday, 14 May 2012 14:26 |

CONSUMER SENTIMENT HITS A 4-YEAR PEAK

May’s initial Thomson Reuters/University of Michigan consumer sentiment survey came in with an index reading of 77.8, the highest mark since January 2008. The current economic conditions sub-index rose to 87.3 from last month’s final 82.9 reading.

Weekly Economic Update - 5.7.12

Tuesday, 08 May 2012 12:42 |

UNEMPLOYMENT DOWN TO 8.1%

The jobless rate dipped 0.1% in April, but Wall Street didn’t exactly cheer about it as just 115,000 non-farm jobs were added to the economy. Economists polled by Briefing.com thought payrolls would expand by 162,000.

Weekly Economic Update - 4.30.12

Thursday, 03 May 2012 11:14 |

Q1 GDP: +2.2%

The federal government’s initial estimate disappointed many analysts, even with plenty of potential for upward revision later. After all, Q4 2011 had brought growth of 3.0%. Economists polled by Briefing.com expected the Q1 estimate to come in at +2.5%.

Weekly Economic Update - 4.23.12

Monday, 23 April 2012 16:12 |

WHAT HELD UP HOMEBUYING LAST MONTH?

The National Association of Realtors said existing home sales fell 2.6% for March. A 1.3% drop in inventory for the month might have been a factor, and mild weather in January and February may have helped homes that would have sold in March sell earlier.

Weekly Economic Update - 4.16.12

Monday, 16 April 2012 18:15 |

CONSUMER PRICES ROSE 0.3% IN MARCH

Last month’s gain in the federal government’s Consumer Price Index matched the consensus forecast of economists polled by Briefing.com and followed gains of 0.4% in February and 0.2% in January.

Weekly Economic Update - 4.2.12

Monday, 09 April 2012 17:15 |

HIGH GAS PRICES DON’T DENT PERSONAL SPENDING

Consumer spending increased by 0.8% in February, even with fuel prices soaring.

Weekly Economic Update - 3.26.12

Wednesday, 28 March 2012 15:19 |

HOUSING MARKET COOLS DOWN IN February

Nationally, home sales took a step back last month. Last week, the National Association of Realtors reported a 0.9% drop in residential resales in February.

Weekly Economic Update - 3.19.12

Monday, 19 March 2012 18:18 |

PRICES Rise Most In TEN MONTHS

Consumer prices were up 0.4% in February according to the Commerce Department, yet core inflation rose only 0.1%.

Weekly Economic Update - 3.12.12

Monday, 12 March 2012 19:34 |

227,000 NEW JOBS, BUT JOBLESS RATE STILL AT 8.3%

While unemployment levels remained unchanged in February, Labor Department data showed that nonfarm payrolls expanded by more than 200,000 positions for the third straight month.

Weekly Economic Update - 3.5.12

Monday, 05 March 2012 17:52 |

A GAIN (OF SORTS) IN CONSUMER SPENDING

The Commerce Department noted a 0.2% rise in personal spending in January along with a 0.3% rise in wages. However, real consumer spending was flat for the third consecutive month when adjusted for inflation.

Weekly Economic Update - 2.27.12

Friday, 02 March 2012 18:18 |

OIL APProaches $110 PER BARREL

As NYMEX crude futures settled at $109.77 Friday, economists wondered how the U.S. consumer might cope if $5 gas became a reality.

More Articles...