Wednesday, August 29, 2012

Economic News


Metropolitan Area Employment and Unemployment Summary
“Unemployment rates were lower in July than a year earlier in 305 of the 372 metropolitan areas, higher in 52 areas, and unchanged in 15 areas, the U.S. Bureau of Labor Statistics reported today. Seven areas recorded jobless rates of at least 15.0 percent, while 18 areas registered rates of less than 5.0 percent. Two hundred seventy-six metropolitan areas reported over-the-year increases in nonfarm payroll employment, 93 reported decreases, and 3 had no change. The national unemployment rate in July was 8.6 percent, not seasonally adjusted, down from 9.3 percent a year earlier.”
“New orders for manufactured durable goods in July increased $9.4 billion or 4.2 percent to $230.7 billion, the U.S. Census Bureau announced today. This increase, up three consecutive months, followed a 1.6 percent June increase. Excluding transportation, new orders decreased 0.4 percent. Excluding defense, new orders increased 5.7 percent.”
Helena Independent Record:  US economy grew at 1.7 percent rate in 2nd quarte
“Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.7 percent in the second quarter of 2012 (that is, from the first quarter to the second quarter), according to the "second" estimate released by the Bureau of Economic Analysis.  In the first quarter, real GDP increased 2.0 percent.”

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