December 2011
6 posts
Philly Fed Reports Modest Growth for North...
Earlier today, the Philadelphia District of the Federal Reserve released its monthly update of state-by-state leading indicators. These indices project six-month growth in the Philly Fed’s Coincident Index, a metric they developed to measure economic growth on the state level.
For North Carolina, the Philly Fed projects a 3% increase in the coincident index over the next 6 months. This is...
Richmond Fed Updates Carolina Business Outlook
This morning, the Richmond District of the Federal Reserve released its December update to its Carolinas Survey of Business Activity.
Their assessment focuses comparison of December results with the prior two months. Consequently, they conclude that businesses in North and South Carolina report steady to improving activity over the course of the fall, with growth anticipated for the first half of...
"...for the forseeable future"
Weaker than expected personal incomes growth not likely to return to prosperity-trending levels, at least according to analysis shared by Wells Fargo Economics Group.
November saw a 0.1% decline in personal income, ending 3 months of growth.
Notes from Wells Fargo 2012 Outlook Call
Highlights from today’s 2012 Outlook Conference Call hosted by Wells Fargo Economics Group:
Click here for the presentation slides/graphs
Click here for outlook report
US Economy
Anticipate 2% GDP growth in 2012
Anticipate modest inflation (less than 3%), though CPI is currently near 4% (and under reported)
Household assets starting to recover, at same time household debt declining to...
Newt jumps the Progressive "shark" →
According to NRO, Newt Gingrich did his best to stress “bipartisanship” during an appearance yesterday on Staten Island, NY.
Specifically, Newt praised former President Clinton and their collaborative relationship during his tenure as House Speaker that led to “balanced budgets.”
Does that also mean we can blame bipartisanship for the intelligence failures leading to...
Hunter-66 & 67 Unemployment Rates UNCHANGED for...
An alternate assessment of unemployment rates, based on long-term averages of labor force participation, remained unchanged during the month of November, as based on today’s release of BLS national unemployment information.
The 66% labor participation rate for unemployment remained at 11.1%, while the 67% participate rate for unemployment remained at 12.4%.
According to the BLS unadjusted...
