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Category Archives: Economic Analysis
The unemployment rate dropped to 7.0% in November from 7.3% in October as total nonfarm payrolls rose by 203,000. These were both much better than expected. Employment increased in transportation and warehousing, health care, and manufacturing, according to the Bureau … Continue reading
Third-quarter real gross domestic product (GDP) increased 3.6% at an annualized rate, according to the second estimate from the Bureau of Economic Analysis. This is much faster than the preliminary estimate of a 2.8% rate. The driving force behind this … Continue reading
The Federal Reserve’s (Fed’s) Beige Book, a collection of qualitative information from the 12 Federal Reserve Districts, painted a continued boring color for the U.S. economy. Just like previous reports, it said that the economy continued to expand at a … Continue reading
Negotiators from Iran and the P5+1 (the five permanent members of the U.N. Security Council, made up of the U.S., the U.K., France, Russia, and China, plus Germany) reached an agreement to limit Iran’s development of fissile materials and to … Continue reading
Federal Reserve (Fed) Chairman Ben Bernanke spoke at the National Economists Club Annual Dinner on November 19, 2013. He has only a few more public appearances before his term as chairman officially ends, and this appearance was particularly powerful. The … Continue reading
Recent reports show that economic growth remains slow in major countries throughout the world, a trend that can give investors clues about future decisions of central banks. Japan, for example, registered a 1.9% increase in its gross domestic product (GDP) … Continue reading
China’s 18th Central Committee’s Third Plenum—a meeting of the communist leaders in China—wrapped up with a rather sterile communication. It was filled with boilerplate language, but the big reforms are likely to be announced in the upcoming weeks and months. … Continue reading
On the surface, the U.S. economy made better-than-expected job gains in October, a month disrupted by the partial government shutdown. The Federal Open Market Committee, however, will likely be more concerned with the details of the report than the headline … Continue reading
Third-quarter gross domestic product advanced 2.8% annualized from the second quarter, according to the advance estimate by the Bureau of Economic Analysis. This is significantly faster than the consensus and faster than I was expecting. It must be said that … Continue reading
The Federal Open Market Committee (FOMC) kept its policy rate target unchanged at 0% and its asset purchase program unaltered. Considering the partial government shutdown and the debt ceiling fight, it was widely expected that the FOMC would refrain from … Continue reading