ADP reported that private sector jobs rose by 162,000 in September. Non-manufacturing ISM came in stronger than expected at 55.1 in September. The employment component fell to 51.1 from 53.8. The
New Home Sales slipped 2.2% in December to an annual rate of 307,000. The price of a new home fell 12.8% year over year to $210,300, and 2011 was the worst sales year on record. The inventory of
Recent economic data points and the Beige Book favored steady economic growth, but this morning’s data counters this positive information. Initial Jobless Claims rose 27,000 last week to 399,000
Initial Jobless Claims fell to 398,000 below 400,000 for the first time since early April, but keep in mind that 350,000 is the recessionary threshold. The Dow Jones Industrial Average opened
