Economists Weekly Brief
The Landlords Guide To Surviving The Credit Crunch.
The Impact Of The Credit Crunch Is Threatening Landlords All Over The World. This Guide Is Aimed At Giving Landlords Practical Advice And Tips On Surviving The Credit Crunch And Covers The 5 Key Areas Every Landlord Needs To Focus On. A Must Buy!
Author: Cindy Geer
ECONOMIST OFFICE WEEKLY BRIEFMONDAY MARCH 12, 2007ECONOMIC RECAP FOR THE WEEK ENDING MARCH 9, 2007DayReportPeriodActualConsensusLastReaction * MISM Non-ManufacturingFeb54.357.359.0-TNonfarm Productivity4Q061.6%1.7%3.0%-TUnit Labor Costs4Q066.6%3.2%1.7%-TFactory OrdersJan-5.6%-4.0%2.6%-WFed Beige Book--------0WConsumer CreditJan$6.5B$5.0B6.0B-ThInitial Jobless ClaimsMar 3328K330K338K+FTrade BalanceJan-$59.1B-$60.0B-$61.2B+FChg Nonfarm PayrollsFeb95K100K146K-FUnemployment RateFeb4.5%4.6%4.6%-FWholesale InventoriesJan0.7%0.1%-0.5%-*Data report reflects economy asWeak<— —>Strong – ––0+++ The U.S. service sector continued to grow in February, albeit more slowly than economists had expected. A report from the Institute for Supply Management said Monday that the private research group's non-manufacturing index, which is made up mostly of service-related companies, moved to a reading of 54.3, from 59.0 in January. Readings over 50 denote growth. U.S. productivity grew much more slowly in the fourth quarter of last year than previously thought and labor costs soared, which could prove worrisome to Federal Reserve officials who must juggle signs of slower growth with still uncomfortably high inflation. Nonfarm business productivity rose at a 1.6% rate between October and December, the Labor Department said Tuesday, down from an original estimate of a 3% gain. Third quarter productivity was revised down to a 0.5% decline from a 0.1% drop. Productivity was up 1.6% on average for 2006 as a whole, its slowest annual growth pace since 1995. Productivity is output divided by hours worked. The U.S. trade deficit narrowed slightly more than expected in January to $59.1 billion, as U.S. exports rose to a new record and imports declined, a Commerce Department report showed Friday. The monthly trade gap shrank 3.8 percent from December and was less than the median forecast of $59.7 billion made by Wall Street analysts surveyed before the report. The Labor Department said nonfarm payrolls increased 97,000 in February after growing an upwardly revised 146,000 in January and 226,000 in December. Last month's gain was the slowest since January 2005, as a steep drop in construction payrolls offset strength in the service sector. The unemployment rate slipped to 4.5%.
Tags:
|
Print this page
