US Economy Growth Rate Slows in the 2nd Quarter
The Commerce Department reports that gross domestic product (GDP) grew at a 1.7 percent for the US economy for the second quarter of 2012.
Lack of Inventory and Credit Cause Existing Home Sales to Fall in May 2012
Economists expressed belief that the upcoming June 2012 NAR report will show a decline in existing home sales.
FOMC Extends Operation Twist
Most thought there would be an extension of Operation Twist and that indeed was the case.
Bernanke Defends the Fed’s Actions
Bernanke was quick to point out that Operation Twist was a success and that its extension was a substantial move.
Retail Sales Grow 3.6% for 2012
The strongest performing sectors of retail sales included apparel stores, grocery stores, wholesale clubs and dollar stores.
First Time Jobless Claims Rise Again
The economy is expanding sluggishly, job creation is too slow, and jobless claims are flat.
Consumer Price Index Registers First Decline Since 2009
The U.S. Bureau of Labor Statistics reports that the Consumer Price Index fell 0.3% in May 2012, on a seasonally adjusted basis.
May Retail Sales Slip
The May retail sales report from the US Census Bureau shows that May retail sales slipped 0.2%.
NFIB Reports “Stagnant” Small Business Optimism in May
Latest release of the National Federation of Independent Businesses (NFIB) Index of Small Business Optimism shows a 0.1% decrease to 94.4.
Euro Zone Crisis Shrinks US Trade Deficit
The troubles causing the Euro Zone crisis may be rolling over to the shores of the United States.
Chairman Ben Bernanke Offers No New News in Press Release
Chairman Ben Bernanke holds a press conference once per quarter to give information to the press and public about the state of the economy.
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Most Recent
Weak June Hiring Bad News for President Obama
Weak hiring in June, 2012 added jobs to the economy, but not enough to budge the unemployment rate from 8.2 percent.
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NFIB Reports “Stagnant” Small Business Optimism in May
The latest NFIB release shows a 0.1% decrease in small business optimism.
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June 30th Jobless Claims Fall More Than Expected
The DOL issued a surprisingly upbeat jobless claims report today; first time applications for jobless benefits dropped by 14,000.
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Airlines Consider Luggage Fees for Oversize Carry-Ons
Airlines often find ways to increase revenues, and now they want to charge for over-size carry-on bags through airline luggage fees.
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Retail Sales See Slowest Growth in More Than One Year
U.S. chain stores saw the second quarter end with the slowest retail sales growth in over one year according to an ICSC-Goldman Sachs survey.
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Personal Income Shows Modest Gains
The Bureau of Economic Analysis recent release of personal income and outlays for May showed modest growth in incomes of just 0.2%.
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