Category: U.S. Economy
Update Economic USA Consumer Credit
Update Consumer Credit
Update Economic USA Personal Income
Personal income increased a very light $3.5 billion in June which was only 5% of the previous month gain of $67.1 billion. The rate of increase in personal income has been in decline since November 2014. It is still expanding in absolute terms, but at a lower rate of expansion. We know, the longer an expansion takes place, the more difficult a higher rate becomes. Personal income must continue to increase for an expanding economy.
Update Economic USA Employment
Employment jobless claims for 1st time requests is continue to fall. Recent jobless claims were down another 15,000 for the week. The rate is now at 233,000 which is well below the 300,000 unofficial benchmark. This is also a record low since 1973. Additionally, the 4-week average remained nearly flat at 243,750 just 750 higher than the previous week. Continuing claims remained below $2 million for 9 straight weeks now at 1.977 million.
Update Economic American Company International Sales Activity
International sales activity has been a major economic and political topic since the beginning of this country’s discovery when explorers risked life-and-limb to sail across a vast body of water that might have been a one-way trip. Today, the center of global commerce is still focused on the “New World”, but is more directed toward how much of a company’s sales activity is attributed to international markets. The answer to that important question is almost 50%.
Update Economic USA Housing
Building permits continued to climb moving up by 7.4% in the month of June representing a 5.1% increase over last year. The number of permits reached 1.254 million. Housing starts also continued to climb by 8.3% in the month of June improving 2.1% over last year. The final step in a permit and start is a completed home which reached 1.203 million. This is an increase of 5.2% in the month of June and a 8.1% increase over the previous year.