Economic Statistics for 11 Oct 11
Today’s economic statistical releases:
The NFIB Small Business Optimism Index rose slightly from 88.1 to 88.9.
In retail sales, ICSC-Goldman reports that chain store sales slipped 0.1% last week, to a year-on-year 2.8%. Meanwhile, Redbook reports strong year-on-year same-store sales growth of 4.8%.
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Dale Franks
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Sentier Research on 10-10-11 released a brief “Household Income” report that includes a graph combining the very familiar rising unemployment graph over the past decade with the median household income graph during the past decade.
The stunning, scary, combined graph makes it clear: the middle class is being eviscerated, with a “lost decade” a simple fact regardless of which major party was in office.
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