Economy in Brief: 2009

The Federal Reserve reported yesterday that consumer credit outstanding fell by $3.5B m/m during October. While it was the thirteenth monthly drop since summer 2008, earlier declines were trimmed. And though consumer credit [...]

The Federal Reserve reported yesterday that consumer credit outstanding fell by $3.5B m/m during October. While it was the thirteenth monthly drop since summer 2008, earlier declines were trimmed. And though consumer credit [...]

The November employment report indicated that the number of temporary help jobs grew by 52,400, the fourth consecutive month of increase. Since July temp employment grew by 116,900 (6.7%), a gain which outstripped the 95,500 (0.7%) [...]

German manufacturing new orders in volume terms fell 2.14% in October to 91.4 (2005=100) from 93.4 in September. This was the first drop since orders began to rise in March of this year. Domestic orders were down only 0.55% but [...]

German manufacturing new orders in volume terms fell 2.14% in October to 91.4 (2005=100) from 93.4 in September. This was the first drop since orders began to rise in March of this year. Domestic orders were down only 0.55% but [...]

Factory inventories rose in October, by 0.4%, their first increase in 14 months. September's decline was revised from 1.0% to 1.3%, although this revision can actually be interpreted positively. Shipments in September were stronger [...]

The labor market improved last month. Moreover, accompanying data showed that earlier labor market deterioration was not as large as reported initially. The Bureau of Labor Statistics reported that nonfarm payrolls fell 11,000 in [...]

The labor market improved last month. Moreover, accompanying data showed that earlier labor market deterioration was not as large as reported initially. The Bureau of Labor Statistics reported that nonfarm payrolls fell 11,000 in [...]