Real gross domestic product increased at an annual rate of 2.9 percent in the third quarter, according to the “second” (revised) estimate released Wednesday by the Bureau of Economic Analysis.
Tag: Wells Fargo Economics
Consumer Confidence Falls to 4-Month Low
The Conference Board, New York, said its Consumer Confidence Index fell in November, its second consecutive monthly drop to its lowest level since August.
Existing Home Sales Fall 9th Straight Month
October existing home sales fell—the ninth consecutive monthly decrease—the National Association of Realtors reported Friday.
October Housing Starts Down 4.2%
Housing starts fell in October—the third straight monthly decline—but generally beat analysts’ expectations, HUD and the Census Bureau reported Thursday.
Employers Add 261,000 October Jobs; Unemployment Rate Rises
The Bureau of Labor Statistics on Friday reported employers added 261,000 jobs in October; meanwhile, the unemployment rate ticked up to 3.7 percent.
September Job Openings Surge; Construction up 0.2%
Job openings in September jumped by more than a half-million from August, showing there are 1.9 job openings for every available worker, the Bureau of Labor Statistics said Tuesday in the first of four major jobs reports this week.
Robust Spending Boosts 3Q GDP
After two quarters in negative territory, real U.S. gross domestic product swung positive in the third quarter, according to the first (advance) estimate released by the Bureau of Economic Analysis Thursday.
September New Home Sales Down 11%
New home sales fell by nearly 11 percent in September, HUD and the Census Bureau reported Wednesday, as rising interest rates discouraged home buyers.
October Consumer Confidence Stumbles
The Conference Board, New York, reported its Consumer Confidence Index fell in October after back-to-back monthly gains. The Index fell to 102.5, down from 107.8 in September.
Existing Home Sales Fall 8th Straight Month
Existing home sales fell again in September, marking eight consecutive months of monthly declines, the National Association of Realtors reported Thursday.