The following US economic statistics were announced today:

The Conference Board’s consumer confidence index plunged 6.4 points this month to 65.1, as fiscal cliff worries begin besetting consumers.

The Bloomberg Consumer Comfort Index fell slightly from -31.9 to -32.1.

Initial claims for unemployment fell 12,000 last week, to 350,000. The 4-week moving average fell 11,250 to 356,750, Continuing claims fell 25,000 to a new recovery low of 3.219 million.

New home sales for November rose 4.4% to an annual rate of 377,000. The annual rate has risen slowly all year, from 340,000 in January.

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Dale Franks
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