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Archive for January, 2013

Stocks dip, but S&P has been January since 1997

Stocks dipped slightly Thursday, but the Standard & Poor's 500 still logged its best January since 1997. The index gained 5.1 percent for the month, its strongest month since October 2011.

Wall Street flat on new jobs and consumer data

Stocks opened flat on Thursday as economic data continued to paint a mixed picture of the economy and as investors sifted through a host of corporate earnings reports.


Personal Income: When Policy Matters

Personal income increased by a whopping 2.6 percent in December as the expectation of higher taxes pushed firms to pay dividends and bonuses before new tax rates took effect in January. The BEA indicated that November's personal income was revised up from an original release of 0.6 percent to 1.0

U.S. Personal Spending Rose in December; Initial Jobless Claims Rose the Week Ending January 26

Personal consumer expenditure (PCE) climbed by 0.2% in December 2012 and built on a 0.4% gain in November. Spending on durables rose by 1.0% despite a previously reported dip in unit vehicle sales in December. Spending on non-durables slipped by 0.2%; however, much of the nominal decline reflected a drop

Canadian November GDP Rises More than Expected

November 2013 GDP rose by 0.3% relative to expectations of a more modest 0.2% increase. The October growth rate was unrevised at 0.1%. Although growth in the mining component in October was revised higher and added an additional 0.1 percentage point to the overall GDP growth rate, it was offset

Jobless claims rose in latest week

The number of Americans filing new claims for unemployment benefits bounced off five-year lows last week, pulling them back to levels consistent with modest job growth. The number of Americans filing new claims for unemployment benefits bounced off five-year lows last week, pulling them back to levels consistent with modest job growth.





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