
December 4, 2017 Weekly Economic Update
A new factoid points out just how well the economy is doing: the federal government just upgraded its estimate of third-quarter growth to 3.3%.
A new factoid points out just how well the economy is doing: the federal government just upgraded its estimate of third-quarter growth to 3.3%.
The University of Michigan’s monthly gauge of how households perceive current and future economic conditions ended the month at a mark of 98.5.
Consumer costs ticked up just 0.1% in October, according to the Department of Labor. The core CPI has risen 1.8% in 12 months.
U.S. household sentiment fell to 97.8 in its initial November edition. As of Friday, 87% of S&P 500 companies had reported third-quarter earnings.
According to the Department of Labor, October brought a net gain of 261,000 jobs. The headline unemployment rate ticked down to 4.1%.
The economy grew 3% or more for a second straight quarter for the first time since 2014. Unexpectedly, new home buying increased by 18.9% in September.