Economic Statistics for 29 Mar 12
The following statistics were released today on the state of the US economy:
The Commerce Department’s final estimate for 4Q GDP was 3% annualized, matching analysts’ expectations.
Initial jobless claims in the March 24 week fell 5,000 to 359,000 from a revised 364,000 in the prior week.
Corporate profits in the fourth quarter shrank to $1.494 trillion annualized, compared to $1.502 trillion in the third quarter.
The Bloomberg Consumer Comfort Index rose to -34.7, simultaneously a recessionary reading, yet the 2nd highest in four years.