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Thursday, December 06, 2012

The Two-Way

Jobless Claims Fell Last Week; But Job Growth Was Likely Weak Last Month

Looking for work: There was a long line last month as job seekers waited to get into an employment fair at Kennedy-King College in Chicago.

December 6, 2012 The pace of claims for unemployment insurance has settled back into its pre-Superstorm Sandy range. But on Friday, economists expect to hear that relatively few jobs were added to payrolls in November.

Summary

Friday, November 30, 2012

The Two-Way

Consumer Spending Dipped In October; Superstorm Sandy Blamed

Nov. 17: A sign in a Staten Island storefront tells a lot. It was still closed because of the damage done by Superstorm Sandy in late October.

November 30, 2012 Many in the Northeast and Mid-Atlantic couldn't get to stores and were out of work for at least a short time because of the destruction Sandy wrought. That dampened spending and cut into incomes.

Summary

Thursday, November 29, 2012

The Two-Way

Third-Quarter Economic Growth Revised Upward

Better than expected: Economic growth was higher in the third quarter than first thought. Here, a worker at a Ford plant in Michigan plugs a batter into a Ford C-MAX plug-in hybrid vehicle.

November 29, 2012 Gross domestic product grew at a 2.7 percent annual rate, the government says. Not only is that a sharp upward revision from the previous estimate, it's also growth at twice the rate of the second quarter.

Summary

Wednesday, November 28, 2012

The Two-Way

Economy Is Growing At A 'Measured Pace,' Federal Reserve Says

Shoppers at a Target store in Westbury, N.Y., last week. Consumer spending drives the economy. And the holiday shopping season is crucial for retailers.

November 28, 2012 The central bank says conditions continued to improve, though not dramatically, in recent weeks. The report adds to other evidence that the economy is moving along fast enough to keep unemployment from rising, but not fast enough to bring the jobless rate down sharply.

Summary

The Two-Way

New Home Sales Dipped A Bit In October, But Were Well Above Year Before

A sold sign at a new home site in Danville, Calif., earlier this year.

November 28, 2012 Though the pace dipped 0.3 percent from September to October, it was up 17.2 percent from September 2011. It's another sign that the housing sector is on the mend, though growth has been somewhat uneven.

Summary

Tuesday, November 27, 2012

The Two-Way

Consumer Confidence Edges Up Again; Reaches Highest Point Since Early 2008

If they're confident, they will shop: Two women carry shopping bags down Manhattan's 34th St. last week.

November 27, 2012 Consumers purchase more than two-thirds of all goods and services. If they're feeling better, that's a good omen for the overall economy.

Summary

The Two-Way

Home Prices Rose For Sixth Month, Survey Shows

A sold sign at a housing development in Boca Raton, Fla., earlier this month.

November 27, 2012 Signs that the housing sector is recovering have been popping up in recent months. Today's news adds to the evidence. Prices were up earlier this fall in nearly all major cities.

Summary

Wednesday, November 21, 2012

The Two-Way

Jobless Claims Drop; But Superstorm Sandy's Effects Still Being Felt

The scene at a career fair last month in New York City.

November 21, 2012 The storm cost some people their jobs and forced many to delay filing their claims. The effects will likely continue to be felt for some time.

Summary

Monday, November 19, 2012

The Two-Way

Good Signs: Home Sales Are Up; Builders' Confidence Is Also Higher

This home sold last month in Miami.

November 19, 2012 Sales of existing homes rose again in October. Meanwhile, home builders are the most confident they've been in more than six years. Taken together, the reports are the latest signs that the housing sector is on the mend.

Summary

Thursday, November 15, 2012

The Two-Way

Superstorm Sandy Sends Jobless Claims Up Sharply

The line was long last week at a job fair in Chicago.

November 15, 2012 The storm threw some people onto unemployment rolls and shut down some state offices the previous week — meaning some laid-off workers couldn't file their claims until last week.

Summary

Thursday, November 08, 2012

The Two-Way

McDonald's Has First Drop In Key Sales Figure Since 2003

The golden arches at a McDonald's restaurant in Miami.

November 8, 2012 Sales at the chain's restaurants that have been open at least 13 months fell 1.8 percent in October. It's the first month-to-month decline for the fast-food giant in that important indicator since April 2003.

Summary

The Two-Way

Jobless Claims Fell By 8,000 Last Week; Superstorm Sandy Might Be Factor

Job-related booklets at a New York State Department of Labor Employment Services office in Brooklyn.

November 8, 2012 Some of those who were out of work may not have been able to file claims, however, because of the damage the storm inflicted on parts of New Jersey, New York and surrounding states.

Summary

Thursday, November 01, 2012

The Two-Way

Consumer Confidence Hits Highest Point In Nearly Five Years

"Black Friday" 2011 in Manhattan. Will consumers come out in force this holiday season? Their confidence was high in October.

November 1, 2012 Many Americans are feeling more upbeat about the economy, according to the latest report from the Conference Board. That could bode well for the 2012 holiday shopping season.

Summary

The Two-Way

Some Mixed Signals From Latest Jobs Numbers

Job seekers were on line at a career fair in Manhattan back in August.

November 1, 2012 Claims for jobless benefits dipped and one measure showed a gain last month in private jobs. But employers also announced more layoffs. The picture may get clearer on Friday, when October's unemployment rate will be reported.

Summary

Monday, October 29, 2012

The Two-Way

Consumer Spending Jumped Up In September

Hitting the mall: Spending rose in September.

October 29, 2012 There was a 0.8 percent rise from August to September. Since consumer spending accounts for more than two-thirds of economic activity, it is crucial.

Summary

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