Week of July 27 - July 31
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Jul 27 10:00 New Home Sales Jun NA 352K 342K
Jul 28 09:00 Consumer Confidence Jul NA 48.7 49.3
Jul 28 09:00 S&P/Case-Shiller Home Price Index May NA -17.80% -18.12%
Jul 29 08:30 Durable Orders Jun NA -0.5% 1.8%
Jul 29 08:30 Durables, Ex Transportation Jun NA 0.1% 1.1%
Jul 29 10:30 Crude Inventories 07/24 NA NA -1.80M
Jul 29 14:00 Fed's Beige Book
Jul 30 08:30 Initial Claims 07/25 NA 585K 554K
Jul 31 08:30 GDP-Adv. Q2 NA -1.5% -5.5%
Jul 31 08:30 Core PCE Q2 NA 2.4% 1.6%
Jul 31 08:30 Chain Deflator-Adv. Q2 NA 1.0% 2.8%
Jul 31 08:30 Employment Cost Index Q2 NA 0.3% 0.3%
Jul 31 09:45 Chicago PMI Jul NA 42.0 39.9
Saturday, July 25, 2009
Saturday, March 28, 2009
National Debt Graph
http://zfacts.com/p/318.html
http://zfacts.com/
http://www.clintonmemoriallibrary.com/clint_foreign.html
Wednesday, March 4, 2009
U.S. Private Sector Cuts 697,000 Jobs in February 2009
U.S. private sector job losses accelerated in February, according to a report by ADP Employer Services that suggests hefty employment declines are on the way in the government's payrolls report due on Friday.
ADP said on Wednesday that private employers cut 697,000 jobs in February versus a revised 614,000 jobs lost in January. The January job cuts were originally reported at 522,000.
ADP said on Wednesday that private employers cut 697,000 jobs in February versus a revised 614,000 jobs lost in January. The January job cuts were originally reported at 522,000.
Friday, February 27, 2009
Economy February-27 2009
Economy shrinks even more than expected in 4th quarter
The economy contracted at a staggering 6.2 % pace at the end of 2008, the worst showing in a quarter-century.
The faster downhill slide in the final quarter of last year came as the financial crisis -- the worst since the 1930s -- intensified.
Consumers at the end of the year slashed spending by the most in 28 years. They chopped spending on cars, furniture, appliances, clothes and other things. Businesses retrenched sharply, too, dropping the ax on equipment and software, home building and commercial construction.
The nation's unemployment rate is now at 7.6 percent, the highest in more than 16 years. The Federal Reserve expects the jobless rate to rise to close to 9 percent this year, and probably remain above normal levels of around 5 percent into 2011.
For all of 2008, the economy grew by just 1.1 percent, weaker than the government initially estimated. That was down from a 2 percent gain in 2007 and marked the slowest growth since the last recession in 2001.
In the fourth quarter, consumers cut spending at a 4.3 percent pace. That was deeper than the initial 3.5 percent annualized drop and marked the biggest decline since the second quarter of 1980.
Businesses slashed spending on equipment and software at an annualized pace of 28.8 percent in the final quarter of last year. That also was deeper than first reported and was the worst showing since the first quarter of 1958.
Fallout from the housing collapse spread to other areas. Builders cut spending on commercial construction projects by 21.1 percent, the most since the first quarter of 1975. Home builders slashed spending at a 22.2 percent pace, the most since the start of 2008.
http://www.latimes.com/business/la-fi-gdp-revise28-2009feb28,0,5419930.story
The economy contracted at a staggering 6.2 % pace at the end of 2008, the worst showing in a quarter-century.
The faster downhill slide in the final quarter of last year came as the financial crisis -- the worst since the 1930s -- intensified.
Consumers at the end of the year slashed spending by the most in 28 years. They chopped spending on cars, furniture, appliances, clothes and other things. Businesses retrenched sharply, too, dropping the ax on equipment and software, home building and commercial construction.
The nation's unemployment rate is now at 7.6 percent, the highest in more than 16 years. The Federal Reserve expects the jobless rate to rise to close to 9 percent this year, and probably remain above normal levels of around 5 percent into 2011.
For all of 2008, the economy grew by just 1.1 percent, weaker than the government initially estimated. That was down from a 2 percent gain in 2007 and marked the slowest growth since the last recession in 2001.
In the fourth quarter, consumers cut spending at a 4.3 percent pace. That was deeper than the initial 3.5 percent annualized drop and marked the biggest decline since the second quarter of 1980.
Businesses slashed spending on equipment and software at an annualized pace of 28.8 percent in the final quarter of last year. That also was deeper than first reported and was the worst showing since the first quarter of 1958.
Fallout from the housing collapse spread to other areas. Builders cut spending on commercial construction projects by 21.1 percent, the most since the first quarter of 1975. Home builders slashed spending at a 22.2 percent pace, the most since the start of 2008.
http://www.latimes.com/business/la-fi-gdp-revise28-2009feb28,0,5419930.story
Wednesday, February 18, 2009
Saturday, February 14, 2009
Europe Economic Slowdown Fourth Quarter 2008
European economies contracted in the fourth quarter of last year, with some countries registering the worst figures in decades, official data shows.
Wednesday, February 11, 2009
Unemployment Rises in Nearly All Metro Areas
The Labor Department Wednesday said jobless rates rose in 363 of the 369 metropolitan areas from a year earlier.
Elkhart-Goshen, Ind., had the largest jobless rate increase from December 2007, up 10.6 percentage points to 15.3%. At second place, Dalton, Ga., rose 6.2 percentage points to 11.2%.
Both areas were struck by manufacturing layoffs. On Friday, the Labor Department will release its January employment report; economists see the unemployment rate rising to 7.5% from 7.2% during December, with non-farm payrolls shrinking by 524,000 jobs.
The recession deepened at the end of 2008. People are afraid of losing their jobs and are slashing spending. Lower consumer spending means less revenue for businesses. Companies are laying off workers to cut costs and protect profits or stem losses. The economy fell at a rate of 3.8% during fourth-quarter 2008, the government said in a report last week that suggested the slump might worsen in the current, first quarter of 2009.
Wednesday’s Labor Department data on metropolitan area joblessness showed 168 of them in December reported unemployment rates of at least 7.0%. That is up from 33 areas a year earlier.
El Centro, Calif., continued to record the highest unemployment rate, 22.6%. –Jeff Bater
http://blogs.wsj.com/economics/2009/02/04/unemployment-rises-in-nearly-all-metro-areas/
Monday, February 9, 2009
America’s GDP Decreased at an Annual Rate of 3.8% in the Fourth Quarter of 2008
America’s GDP decreased at an annual rate of 3.8% in the fourth quarter of 2008, according to the official first estimate. Had it not been for a sharp rise in the quarter of inventories, economic output would have fallen by just over 5%.
Thursday, February 5, 2009
Who Pays Income Taxes? See Who Pays What
Who Pays Income Taxes? See Who Pays What
For Tax Year 2006
Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid
Top 1% $388,806 39.89%
Top 5% $153,542 60.14%
Top 10% $108,904 70.79%
Top 25% $64,702 86.27%
Top 50% $31,987 97.01%
Bottom 50% <$31,987 2.99
Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service
http://www.ntu.org/main/page.php?PageID=6
For Tax Year 2006
Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid
Top 1% $388,806 39.89%
Top 5% $153,542 60.14%
Top 10% $108,904 70.79%
Top 25% $64,702 86.27%
Top 50% $31,987 97.01%
Bottom 50% <$31,987 2.99
Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service
http://www.ntu.org/main/page.php?PageID=6
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