Integrity Financial of Idaho logo

 

Client Login

 

Gretchen Brown
208-576-6668

Weekly Economic Update for April 29, 2013

Share this post
FaceBook  Twitter  

Q1 GDP COMES IN AT 2.5%

The initial estimate of first quarter growth from the Bureau of Economic Analysis disappointed some analysts who had expected 3% expansion or better. Personal consumption and inventory accumulation were the prime sources of growth. Personal spending rose 3.2% in the quarter, but real disposable personal income fell 5.3%, which led the personal savings rate to slip to 2.6% from 4.7% in Q4. The big picture? The economic recovery is definite, but still sluggish. Overall durable goods orders dropped 5.7% in March, according to the Commerce Department.1,2

Read more...

Weekly Economic Update 4/8/13

Share this post
FaceBook  Twitter  

JUST 88,000 NEW JOBS?

In the wake of the Labor Department’s disappointing March employment report, puzzled analysts tried to figure out the reasons for such poor job growth. Did businesses fear the impact of the federal budget cuts in March and scale back hiring? Were there fewer food service, retail and temporary job openings? (More than 7% of Americans work in food service jobs, and temp work has made up a larger share of employment in recent years.) Was it seasonal, since hiring also declined in spring 2011 and spring 2012? Would the number later be revised upward? Whatever the cause(s), the message was troubling. The jobless rate dipped to 7.6%, but that was because of fewer jobseekers – the labor force participation rate was 63.3% in March, a 34-year low.1

Read more...

Weekly Economic Update 3/25/13

Share this post
FaceBook  Twitter  

WINTER DOESN’T DETER HOMEBUYERS

According to the National Association of Realtors, existing home sales rose 0.8% in February. The sales pace hit 4.98 million units, a 39-month high. The inventory of homes for sale increased 9.6% last month, recovering from a six-and-a-half-year low reached the month before. In related news, housing starts were also up 0.8% in February, with the Census Bureau putting the 12-month increase at 27.7%. As for projects in the pipeline, building permits rose 4.6% last month, part of a 33.8% year-over-year climb. The latest Federal Housing Finance Agency index showed a 6.5% yearly advance in house prices.1,2,3

Read more...

Weekly Economic Update 4/1/13

Share this post
FaceBook  Twitter  

SOLID GAINS IN HOUSEHOLD SPENDING, INCOME

According to the latest Commerce Department report, household spending was up 0.7% in February (the largest gain in five months) while consumer incomes jumped 1.1%. February’s 35-cent climb in gasoline prices influenced the first number, while an 11.9% surge in dividends influenced the second. Still, consumer spending rose 0.3% in inflation-adjusted terms. The personal savings rate improved to 2.6%.1,2

Read more...

Sign up today for our quarterly newsletter and receive a FREE e-book.
Email:
Name:
Zip Code:
Phone:
Message:
Please answer the following correctly in order to send this form: 5+8=