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Wednesday, January 16, 2013

The Two-Way

Inflation Rate Slowed Sharply In 2012; Prices Were Flat In December

The cost of a gallon of gas kept rising last year, but not at the torrid pace of 2010 and 2011. That helped keep inflation in check.

January 16, 2013 Consumer prices rose just 1.7 percent in 2012, the Bureau of Labor Statistics reports. That's about half the pace of 2011 — when prices went up 3 percent. A sharp slowing in the increase of gas prices was a major factor. The news means interest rates will likely stay low.

Summary

Tuesday, January 15, 2013

The Two-Way

Retail Sales Rose As 2012 Ended; Inflation Remained In Check

Shoppers in Manhattan on Christmas Eve last month.

January 15, 2013 Consumers were still in a spending mood in December, even as lawmakers battled over the budget. Meanwhile, wholesale prices fell slightly. Those are both good signs for the economy.

Summary

Friday, January 04, 2013

The Two-Way

155,000 Jobs Added In December, Jobless Rate At 7.8 Percent

Looking for work: The scene at a "diversity job fair" in Manhattan last month.

January 4, 2013 Growth was in line with expectations and adds to the evidence that the nation continues to add jobs at a modest pace.

Summary

The Two-Way

Did Hiring Pick Up As 2012 Ended? We'll Find Out Shortly

The scene at a job fair in San Mateo, Calif., earlier this year.

January 4, 2013 The December employment report is due. Economists expect to hear that the jobless rate remained at 7.7 percent and that about 150,000 jobs were added to payrolls. If there is a surprise, some analysts say, it's likely to be better-than-expected news.

Summary

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Thursday, December 27, 2012

The Two-Way

Consumer Confidence Dips; New Home Sales Rise

December 27, 2012 Many Americans appear to be worried about what will happen to the economy if the federal government goes over the so-called fiscal cliff, the Conference Board reports. But there's also good news: The housing sector continues to recover.

Summary

The Two-Way

Jobless Claims Fell By 12,000 Last Week

The line at a job fair earlier this month in Manhattan.

December 27, 2012 There were 350,000 first-time claims for unemployment benefits last week. That's the lowest level since March 2008. But because of the Christmas holiday, some states had to do more estimating than usual.

Summary

Wednesday, December 26, 2012

The Two-Way

'Housing Recovery Is Gathering Strength,' New Report On Prices Signals

A "sold" sign outside a home under construction in Peoria, Ill., in October.

December 26, 2012 Prices in 20 major cities were up 4.3 percent in October, vs. October 2011. Combined with other recent reports on construction and sales, that's another sign the housing sector is on the mend.

Summary

Friday, December 21, 2012

The Two-Way

Consumer Spending, Orders For Durable Goods Rose In November

Shoppers at a K-B Toy store in northern Virginia last month.

December 21, 2012 The increases add to signs that the economy continues to rebound from the 2007-09 recession and the slow recovery that followed.

Summary

Thursday, December 20, 2012

The Two-Way

Sales Of Existing Homes Hit Three-Year High

San Francisco: A "sold" sign in front of a home earlier this year.

December 20, 2012 The housing sector continues to recover. Sales rose 5.9 percent last month. It's the second new piece of positive news about the economy. Earlier, gross domestic product growth for the third quarter was revised upward.

Summary

The Two-Way

Third Quarter Economic Growth Revised Up Again

December 20, 2012 Gross domestic product grew at a 3.1 percent annual rate, well above earlier estimates. But, claims for jobless benefits rose last week — another sign that while the economy may be on the mend, there are still problems.

Summary

Friday, December 14, 2012

The Two-Way

Consumer Prices Fell 0.3 Percent In November

Sign of the times: Markdowns at a discount clothing store in New York City last month. Such stiff competition for consumers' dollars is helping to keep inflation in check.

December 14, 2012 The inflation rate, which spiked in August and September when gas prices rose sharply, now appears to have slowed again. That should let the Federal Reserve keep up its efforts to give the economy a boost.

Summary

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Thursday, December 13, 2012

The Two-Way

Jobless Claims Fell Sharply Last Week, Wholesale Prices Dropped In November

At a job fair in New York City earlier this year, a man waited for an interview. Economists say the job market is slowly improving, and the latest data on jobless claims seem to support that analysis.

December 13, 2012 The pace of applications for unemployment insurance had accelerated after Superstorm Sandy, which threw many out of work. Now, the trend is back to a rate that signals a slowly improving labor market.

Summary

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

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