Free Markets, Free People

Economic Statistics for

The following US economic statistics were announced today:

Factory Orders were unchanged in November.  Non-durable orders fell -0.6%, but on the plus side, durable orders rose 0.8%. Included in that were a sharp rise in capital goods, which suggests future spending is on the way.

The November Employment Situation indicates that there were 155,000 net new jobs created in November, and the unemployment rate rose to 7.8%. Average hourly earnings rose 0.3%, while weekly hours rose slightly to 34.5 hours. The labor force participation rate held steady at a low 63.6%. At historical labor force participation rates, the unemployment rate would be 11.41%, up from 11.23% in October.

The ISM Non-Manufacturing Index rose 1.4 points to a better-than-expected 56.1.

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Dale Franks
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3 Responses to Economic Statistics for

  • Red-faced state officials admitted last night they are trying to find as many as 19,000 missing welfare recipients — after the controversial taxpayer-funded voter registration pitches the state mailed to their addresses last summer were sent back marked “Return to sender, address unknown.”

    The Department of Transitional Assistance contacted 477,000 welfare recipients who were on their books from June 1, 2011, to May 31, 2012, after settling a voter-rights lawsuit brought by Democratic-leaning activist groups that demanded an aggressive voter information effort by the state. That $274,000 push by DTA resulted in 31,000 new voter registrations — but revealed an alarming number of welfare recipients whose residency in Massachusetts can’t be confirmed. “
    DTA is in the process of contacting those clients for which a forwarding address was prov­ided to verify their addresses, as a change of address might impact their eligibility,” a statement from the agency said.

    DTA critics expressed astonishment at the agency’s faulty address records — which were only uncovered by accident — saying it’s further evidence that the electronic benefits system sorely needs reform.

  • It’s come to this

    Her musings were suddenly interrupted when her date asked a decidedly unromantic question: “What’s your credit score?” “It was as if the music stopped,” Ms. LaShawn, 31, said, recalling how the date this year went so wrong so quickly after she tried to answer his question honestly. “It was really awkward because he kept telling me that I was the perfect girl for him, but that a low credit score was his deal-breaker.”

    If the US government was trying to date, it would be destined to be a spinster.