Unemployment Data for February Are Better

This morning the unemployment rate for February was announced by the Department of Labor.  The data show that the U.S. economy added 192,000 jobs in February and that the overall unemployment rate dropped below 9.0% for the first time in almost two years.  Consensus...

Lowest initial jobless claims in three years!

This morning the Department of Labor announced its weekly initial jobless claims were at their lowest level since 2008.  Specifically, they fell by 20,000 claims to a level of 368,000.  This figure compares to expectations from economists of a rise in jobless claims...

Consumer Confidence at a Three Year High

Yesterday morning Thomson/Reuters and the University of Michigan reported the results of their U.S. consumer confidence survey.  Here are the results:   The level of 77.5 marks the highest level attained in consumer confidence in three years. Economists...