Economic Statistics for 28 Jun 12
The following statistics were released today on the state of the US economy:
The Commerce Department’s final estimate of first quarter GDP was unchanged at 1.9% annualized.
Initial claims for unemployment were a higher-than-expected 386,000. The 4-week moving average dropped 750 lower to 386,750.
The Bloomberg Consumer Comfort Index rose to -36.1, the highest level in two months.
The Kansas City Fed manufacturing index rebounded 6 points to a reading of 9 in May.
~
Dale Franks
Google+ Profile
Twitter Feed
“higher-than-expected”
Â
Wait wait wait, it’s ALWAYS higher than expected. Thank God these guys aren’t in charge of guesstimating how much fuel planes need to fly from New York to Los Angeles.
Pingback: Economic Statistics for 28 Jun 12 | Liberal Whoppers
Off topic: Eric Holder is in contempt!