All Paper Economy
Construction spending up in OctoberTotal residential spending increased a notable 3 percent from September 2012 climbing 22.6 percent above the level seen in October 2011, according to the US Census Bureau.
GDP continues Q3 expansionReal GDP increased at an annualized rate of 2.7 percent from Q2, according to the Bureau of Economic Analysis.
Jobless claims drop below 400kJobless claims declined by 23,000 to 393,000 from a revised 416,000 jobless claims for the prior week.
Home sales fall in OctoberHome sales fell 0.3 percent since September according to the US Census Bureau's New Residential Home Sales Report.
Mortgage rates drop to 3.4 percentThe latest data from the Mortgage Bankers Association shows an average decrease of 1 basis point in 30-year fixed-rate mortgages since last week.
Home prices rise slightly in SeptemberS&P/Case-Shiller home price indices rose by 0.28 percent in September, signaling the beginning of a flattening of home prices.
Chicago Fed: US economy at near-recession levelThe Chicago Federal Reserve National Activity Index fell notably in October 2012, slumping to a near-recessionary level of -0.56.
Whatever happened to limited government?The concept of “limited government” seems to have become a relic of sorts, writes SoldAtTheTop, mocked by one side of the ideological spectrum, paid lip service to by the other but widely discarded overall.
Are we headed for another round of downsizing?Business investments may be on the downswing, according to at least one economic indicator.
Existing home sales climb in SeptemberHome sales in the US rose 2.1 percent since September and climbed 10.9 percent above the level seen in October 2011.
Industrial production falls in OctoberTotal industrial production declined 0.43 percent since September 2012, according to the Federal Reserve's monthly read of industrial production and capacity utilization.
EU dips into recession. Is the US next?The EU is in a recession, according to new data from EuroStat. Will the US follow suit or buck the trend?
Jobless claims surge by 78,000Jobless claims rose unexpectedly as initial claims jumped back above the closely watched 400K level.
Mortgage rates down from last weekThe average rate for a 30 year fixed rate mortgage decreased 6 basis point to 3.43 percent since last week, according to the Mortgage Bankers Association's weekly applications survey.
Food stamp use jumps in August420,863 new recipients were added to the food stamps program in August 2012, with the current total increasing 2.86 percent on a year-over-year basis.
Recession is a real probabilityA new recession probability indicator seems to give a clear, though preliminary, indication of probable recession, according to SoldAtTheTop.
How likely is another US recession?After a few years of mediocre growth, the probability of sliding back into a other recession is enough to cause some worry.
Jobless claims drop by 8,000Seasonally adjusted initial unemployment claims declined by 8,000 to 355,000 claims from a revised 363,000 claims for the prior week.
Service sector slows in OctoberThe business activity index declined a notable 7.51 percent since September but remained 3.94 percent above the level seen a year earlier, according to the Institute for Supply Management's latest Non-Manufacturing Report on Business.
Private employers add 158,000 jobs in OctoberThe situation for private employment in the US improved in October according to private staffing and business services firm ADP.
