Mortgage Delinquencies Rise 6.41% in Q2 to a New Record Sep 5, 2008 10:02AM

Mortgage Delinquencies rise 6.41% in Q2 to a new record. The prior quarters reading was 6.35%. Foreclosures rise to highest in at least 29 years.


Unemployment Rate Jumps to 6.1% As U.S. Loses 84K More Jobs In August Sep 5, 2008 08:54AM

Nonfarm Payrolls in the U.S. fell 84,000 in August, which was slightly higher than the 75,000 drop analysts had expected. Surprisingly though, the unemployment rate rose from 5.7 to 6.1 percent in August.

Employment fell in manufacturing and employment services, while mining and health care continued to add jobs.

Revisions for the prior two months added another 58,000 to job losses.

Average hourly earnings rose by 7 cents, or 0.4 percent, over the month.

Over the past 12 months, the number of unemployed persons has increased by 2.2 million and the unemployment rate has risen by 1.4 percentage points, with most of the increase occurring over the past 4 months.


Average Hourly Earnings +0.4%, Average Weekly Hours at 33.7 Sep 5, 2008 08:31AM

Average Hourly Earnings +0.4%, versus the consensus of +0.3%
Average Weekly Hours at 33.7, versus the consensus of 33.6


Nonfarm Payrolls Down 84,000, versus the consensus 75,000 Sep 5, 2008 08:30AM

Nonfarm Payrolls Down 84,000, versus the consensus 75,000. Unemployment rate at 6.1%


Yellen says credit crunch sever, may be deepening Sep 4, 2008 02:38PM

Comments from Federal Reserve Bank of San Francisco President Janet L. Yellen (via Bloomberg)

Yellen sees sluggish growth in 2nd half of the year
Yellen says more house price declines may come before bottom
Sees sustained downside risks from financial system
Says inflation expectations relatively well contained
Says credit crunch sever, may be deepening
Sees Tentative sings of stabilizing in new homes sales
Sees inflation coming done to just over 2% next year
Says inflation risks diminished, still at forefront
Drop in commodities, labor slack to damp inflation


More Economic Data

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Sep 4, 2008 11:02AM EIA: Crude Inventories Fell 1.9M Barrels; Gasoline Inventories Fell 1.04M Barrels
Sep 4, 2008 10:36AM Natural Gas Stockpiles Rose 90 bcf, In-Line with the Consensus
Sep 4, 2008 10:01AM ISM Non-Manufacturing comes in at 50.6, versus the consensus of 49.5
Sep 4, 2008 08:53AM ADP Employment Report Shows 33K Jobs Lost in August
Sep 4, 2008 08:31AM Nonfarm Productivity comes in at 4.3%, versus the consensus of 3.5%
Sep 4, 2008 08:31AM Initial Jobless Claims come in at 444,000, verus the consensus of 420,000
Sep 4, 2008 08:17AM ADP Employment Report Shows Decline of 33K Jobs in August
Sep 4, 2008 07:00AM Bank of England Maintains Benchmark Interest Rate of 5%
Sep 3, 2008 02:06PM Fed's Beige Book 9/3; Economic Activity Slow in Most Districts
Sep 3, 2008 02:05PM Highlights of Fed Beige Book
Sep 3, 2008 12:32PM Feds Rosengren Said Fed Fund rates not particularly accommodative, says unemployment rate may rise above 6%
Sep 3, 2008 10:01AM Factory Orders (July) Come in a 1.3%, versus the consensus of 1%
Sep 2, 2008 10:02AM ISM Manufacturing Index for August Falls to 49.9; Construction Spending for July Down 0.6%
Sep 2, 2008 07:37AM Crude Sinks Over $7 To $108/Bl After Gustav Less Severe Than Expected
Aug 29, 2008 09:57AM University of Michigan Consumer Confidence Index comes in at 63, versus the consensus of 62
Aug 29, 2008 09:46AM Chicago PMI comes in at 57.9, versus the consensus of 50
Aug 29, 2008 08:32AM PCE Deflator (YoY) comes in at 4.5%, versus the consensus of 4.5%
Aug 29, 2008 08:30AM July Personal Income Down -0.7%, Personal Spending +0.2%
Aug 28, 2008 10:36AM EIA Nautral Gas Stockpiles rise 102 bcf, versus the consensus of 84 bcf
Aug 28, 2008 08:32AM Personal Consumption comes in at 1.7, GDP Price Index comes in at 1.2
Aug 28, 2008 08:31AM Initial Jobless Claims Come in at 425,000, in-line with the consensus
Aug 28, 2008 08:30AM Q2 GDP rises 3.3% versus the consensus of 2.7%
Aug 27, 2008 10:37AM EIA: Crude Oil Inventories Fell 177K barrels; Gasoline Inventories Fell 1.18M barrels
Aug 27, 2008 08:31AM Durable Goods Orders Up 1.3% - Well Above Consensus
Aug 26, 2008 04:47PM FDIC's Bair Says Banking Profits Fall to $5B, Problems Banks Rise to 117, Need To Boost Deposit Insurance
Aug 26, 2008 02:49PM FDIC: Problem Banks Rose From 90 To 117
Aug 26, 2008 02:04PM Minutes of the Federal Open Market Committee (August 5)
Aug 26, 2008 02:02PM FOMC Minutes: Some fed officials were concerned inflation won't ease in 2009
Aug 26, 2008 10:29AM OFHEO Data Shows House Prices Down 1.4% in Q2, But Rate of Decline Slows
Aug 26, 2008 10:01AM New Home Sales come in at 515,000 versus the consensus of 525,000
Aug 26, 2008 10:01AM Consumer Confidence Comes in at 56.9, versus the consensus of 53
Aug 26, 2008 09:50AM S&P/Case-Shiller Home Price Index Shows Annual Decline of 15.9%, But Acceleration of Decline May Be Slowing
Aug 26, 2008 09:02AM June S&P/Case Shiller Home Price Index shows home prices fell 15.9%
Aug 25, 2008 02:33PM The National Hurricane Center Says Tropical Storm Gustav Formed in Caribbean, Volatile Oil Prices Expected
Aug 25, 2008 10:12AM UPDATE: Existing-Home Sales Up 3.1%, Median Price Down 7.1%, Inventory Rose 3.9%
Aug 25, 2008 10:00AM Existing Home Sales Rise 3.1% to 5 million, versus the consensus of 4.91 million
Aug 22, 2008 11:27AM Market Check: Dow Up 180, Nasdaq Up 23, S&P Up 11 Crude Check: Oil Down $3 to $118
Aug 22, 2008 10:03AM Bernanke Says Effects of Credit Crunch Are Becoming Apparent -Bloomberg
Aug 22, 2008 09:13AM Futures Check: Dow Up 87, S&P 500 Up 10, Nasdaq 100 Up 11; Crude Check: Down $1.85 to $119.34
Aug 21, 2008 10:57AM Crude Check: Oil Hits Intraday High at $122.02
Aug 21, 2008 10:41AM EIA Natural Gas Storage Change: 88, vs. Consensus of 84
Aug 21, 2008 10:34AM Market Check: Dow Down 52; Crude Check: Oil Up $3.88 to $119.44
Aug 21, 2008 10:02AM Leading Indicators for July: Down 0.7%, vs. Consensus of Down 0.2%; Philly Fed: Down 12.7, vs. Consensus of Down 12.6
Aug 21, 2008 08:52AM Futures Check: DJIA Down 50; Crude Check: $118.35
Aug 21, 2008 08:30AM Initial Jobless Claims: Down 13K to 432K, vs. Consensus of 440K
Aug 20, 2008 02:52PM Fed's Stern says 'Good Time To Be Patient' in Setting Fed Rate - Bloomberg
Aug 20, 2008 10:36AM EIA: Crude rose 9.4M barrels; Gasoline fell 6.2M barrels
Aug 19, 2008 08:33AM Housing Starts come in at 965,000, Building Permits come in at 937,000
Aug 19, 2008 08:31AM PPI comes in up 1.2%, Core PPI comes in at +0.7, Both Much Higher Than Expected
Aug 15, 2008 09:56AM University Of Michigan Consumer Sentiment Index comes in at 61.7, versus the consensus of 62
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