Economic Alert

Initial Jobless Claims (United States) {US} OBSERVATION PERIOD: NOV 21 (Weekly)

ACTUAL : 466K

PRIOR : 505K

REVISED : 501K

SURVEY : 500K (Mean: 496K, High: 512K, Low: 460K)


Continuing Claims (United States) {US} OBSERVATION PERIOD: NOV 14 (Weekly)

ACTUAL : 5423K

PRIOR : 5611K

REVISED : 5613K

SURVEY : 5565K (Mean: 5559K, High: 5630K, Low: 5400K)


Personal Income (United States) {US} OBSERVATION PERIOD: OCT (Monthly)

ACTUAL : 0.2%

PRIOR : 0.0%

REVISED : 0.2%

SURVEY : 0.1% (Mean: 0.1%, High: 0.4%, Low: -0.2%)


Personal Spending (United States) {US} OBSERVATION PERIOD: OCT (Monthly)

ACTUAL : 0.7%

PRIOR : -0.5%

REVISED : -0.6%

SURVEY : 0.5% (Mean: 0.5%, High: 0.8%, Low: 0.0%)


Durable Goods Orders (United States) {US} OBSERVATION PERIOD: OCT (Monthly)
 
ACTUAL : -0.6%
 
PRIOR : 1.0%
 
REVISED : 2.0%
 
SURVEY : 0.5% (Mean: 0.5%, High: 2.1%, Low: -1.0%)
 
 
Durables Ex Transportation (United States) {US} OBSERVATION PERIOD: OCT (Monthly)
 
ACTUAL : -1.3%
 
PRIOR : 0.9%
 
REVISED : 1.8%
 
SURVEY : 0.7% (Mean: 0.7%, High: 1.5%, Low: -0.6%)
 
 
The number of initial unemployment claims dropped to a seasonally adjusted 466,000 in the week ending Nov. 21. This marks the lowest level of filings for initial claims in over a year, finally breaking the 500,000 mark. Continuing claims were also below analyst expectations. They came in at 5,423,000 compared to an estimated 5,565,000. Some of which may be attributable to seasonal part-time employment.

Personal income rose 0.2% for the second straight month, slightly better than expected. Spending increased 0.7% for the month, showing that the consumer is still spending despite the unclear future of the economy. Personal spending grew faster than income, therefore Americans' personal savings rate dipped to 4.4% in October from 4.6% in September.
 
However, the durable goods order was somewhat disappointing. New orders for durable (long-lasting) U.S. manufactured goods fell in october. Durable good orders are a leading indicator of manufacturing activity.