Posts Tagged ‘U.S.’
U.S. Treasurys near flatline after jobless claims drop – MarketWatch
February 4th, 2012 | 
Author:  Financial Post |
U.S. Treasurys near flatline after jobless claims drop
MarketWatch The Labor Department said initial jobless claims fell 12000 to a seasonally adjusted 367000 in the week ended Jan. 28, near a four-year low and better than the drop to 370000 anticipated by economists. Read more on jobless claims. Treasuries little change Fed's Evans Seeks Clearer Rate Pledge or 'Ambitious' Asset Buys |
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Colorado’s Small Business Would Benefit From Stronger U.S. Economic Growth
Denver, CO (PRWEB) November 10, 2011
The Vectra Bank Colorado Small Business Index for Colorado measured 114.3 in October 2011, down from a revised 114.8 in September 2011
Colorados unemployment rate was estimated at 8.3% in the latest month, down from the prior months 8.5% rate. Total employment grew by 23,100 jobs during the past 12 months
Improving U.S. economic performance in 2011s third quarter, should it continue, would provide a stronger foundation for growth within Colorados small business sector. Any improvement in what has been to date meager U.S. economic growth would pay dividends for Colorado’s small business sector, says Jeff Thredgold, corporate economist for Vectra Bank Colorado.
The U.S. economy saw a gain of 80,000 net new jobs during October, slightly below expectations. However, estimated job gains of the two prior months were revised higher by 102,000 jobs. The U.S. unemployment rate declined to 9.0%, versus 9.1% in the three prior months
U.S. ECONOMIC GROWTH IMPROVES
According to the U.S. Commerce Department, American economic growth improved during 2011s July-September quarter, especially when compared to the anemic economic performance during the years first half. Slightly softer economic growth seems on tap in coming quarters, however, plenty of obstacles will be faced along the way, says Thredgold.
U.S. GDP, the most inclusive measure of economic activity taking place on U.S. soil, grew at a 2.5% real (after inflation) annual rate during the third quarter, matching the consensus view of forecasting economists. The 2.5% growth pace greatly exceeded the 1.3% real annual growth pace of the second quarter and the pathetic 0.4% growth pace during the January-March 2011 quarter.
Even as economic growth has improved, it still lags the 3.0%-4.0% real annual growth pace needed to bring the nations unemployment rate down from the 9.0% average of the past three years. Slow to moderate growth is the consensus, and recent data has dampened the worst-case views of those economic forecasters calling for an imminent return to recession.
The American consumer spent money more aggressively during the third quarter, with personal consumption rising at a 2.4% rate. Such growth rose at a lesser 0.7% pace in the prior quarter. American businesses also stepped up their spending pace during the third quarter, with investment in equipment and software rising at a 17.4% annual rate, the strongest pace in a year.
The American economy finally exceeded the real pre-recession peak of total economic output during 2007s final quarter. It took 15 quarters to offset the 5.1% decline in output during the Great Recession. This was three times the average number of quarters needed to reach the prior peak in other post-WWII recessions.
The level of U.S. economic performance is a component of the Colorado Small Business Index, as are the performances of the global and Intermountain economies. Stronger performance of any of the three pushes the Index higher.
The Vectra Bank Colorado Small Business Index for Colorado measured 114.3 in October 2011, down from a revised 114.8 in September 2011. The Index measures business conditions from the viewpoint of the Colorado small business owner or manager.
A lower Index number is associated with less favorable business conditions for Colorados small businesses. The Index uses 100.0 for calendar year 1997 as its base year. The Index also includes revisions to various historical and new forecast components as they become available.
IN COLORADO
The Colorado unemployment ratethe most heavily weighted component of the Vectra Bank Colorado Small Business Index for Coloradowas estimated at 8.3% in the most recent month, down from the 8.5% rate of the prior month. The 8.3% rate compares to the 8.8% rate 12 months ago. A lower Colorado jobless rate is a negative contributor to the Index as it suggests decreased access to labor for small businesses. Other associated factors typically tied to a lower unemployment rate, such as greater job creation, greater income gains and higher retail sales, pull the Index higher.
The states unemployment rate averaged 8.9% during 2010, 8.3% during 2009, 4.8% in 2008, 3.7% in 2007, and 4.3% in 2006. Colorados jobless rate averaged 4.6% between 1990 and 2005.
The last 12 months saw an estimated increase in Colorado employment of 23,100 jobs. This increase compares to a revised gain of 20,900 jobs in the prior year-over-year period. Colorado lost 25,500 jobs in 2010, lost 104,700 jobs in 2009, added 19,000 jobs in 2008, added 52,200 jobs in 2007, and added 53,100 jobs in 2006.
These job totals compare to gains averaging 46,500 net new jobs annually between 1990 and 2005. More recently, job gains leading to greater income creation and stronger retail spending, have a positive impact upon Colorados small businesses.
NATIONAL EMPLOYMENT
The U.S. Department of Labor reported a gain of 80,000 net new jobs in October 2011, weaker than the 100,000 net gain expected. However, estimated job gains of the two prior months were revised higher by 102,000 jobs.
The U.S. unemployment rate declined to 9.0% in October, versus the 9.1% rate of the three prior months. The current 9.0% jobless rate compares to the 9.7% rate of one year ago, the 10.1% rate of October 2009, and the 6.6% rate during October 2008.
Goods producing employment fell by 10,000 jobs in October, with a loss in construction (down 20,000 jobs) larger than the rise in manufacturing (up 5,000 jobs) and mining & logging employment (up 5,000 jobs). Private-sector service providing employment rose by 114,000 jobs in October, led by gains in professional & business services (up 32,000 jobs) and education & health services (up 28,000 jobs). Overall government employment fell by another 24,000 jobs during the month.
The U.S. economy suffered a net decline of 3.6 million jobs during 2008, the worst year since 1945. The net loss of 5.1 million jobs during 2009 easily surpassed the 2008 total. The American economy added 940,000 net new jobs during 2010, or 78,000 per month. Gains-to-date during 2011 have totaled 1,256,000 jobs, or 126,000 per month.
Roughly 130,000 net new jobs need to be added monthly just to meet the needs of a rising population, and just to keep the unemployment rate stable. Consistently stronger gains are necessary to lead the unemployment rate lower.
The November 2011 Vectra Bank Small Business Index for Colorado will be released on December 8, 2011.
With more than $ 2 billion in assets, Vectra Bank Colorado is a proactive, customer-focused organization dedicated to real relationship banking. Part of the Zions Bancorporation(NASDAQ:ZION) family of banks, Vectra serves Colorados small, middle-market and corporate business clients with approximately 40 locations throughout Colorado, and one in Farmington, N.M. The banks website address is http://www.vectrabank.com.
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First-Time Jobless Claims in U.S. Fell Last Week on Improving Job Market – Bloomberg
 Bloomberg |
First-Time Jobless Claims in U.S. Fell Last Week on Improving Job Market
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US Stocks Mixed As Investors Mull Jobless Claims, Bernanke Speech
Wall Street Journal By Chris Dieterich OF DOW JONES NEWSWIRES NEW YORK (Dow Jones)–US stocks pushed sideways as investors weighed a better-than-expected reading on weekly jobless claims against a mixed bag of quarterly earnings, and waited for a glimpse at labor market … Stocks open higher after jobless claims data Stock Futures Flat Ahead of Initial Jobless Claims Stock futures imply higher open after jobless claims fall |
 USA TODAY |
Mixed retail sales, lower jobless claims boost stocks
USA TODAY NEW YORK (AP) – US stocks are up slightly after a weekly report on new unemployment claims showed the number of people seeking unemployment aid fell last week. By Richard Drew, AP Stock specialist Jay Woods, center, works at his post on the floor of … |
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Romney's record on jobs not all rosy
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Teachers union offers competing La. education revamp
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Japanese Stocks Decline on Falling U.S. Home Sales, Rising Jobless Claims – Bloomberg
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Japanese Stocks Decline on Falling U.S. Home Sales, Rising Jobless Claims
Bloomberg Japanese stocks fell for a second day as the yen strengthened even after Prime Minister Yoshihiko Noda pressed the central bank for “bold” action to counter the currency's gain. Energy companies and trading houses gained as commodity prices climbed. |
 National Post |
US jobless claims rise on seasonal volatility
National Post By Timothy R. Homan Claims for US jobless benefits rose last week, displaying the usual volatility around holidays that has masked an improvement in the labour market. Applications for unemployment insurance payments climbed by 21000 to 377000 in the … |
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New Jobless Claims: Still On Track, But Increasingly Volatile
Seeking Alpha Today's number also underscores the increasing level of volatility in the data – when the current trend was establishing itself, it was characterized by relatively small changes in the number of new jobless claims being filed from week to week. |
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First-Time Jobless Claims in U.S. Increase, Displaying Seasonal Volatility – Bloomberg
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First-Time Jobless Claims in U.S. Increase, Displaying Seasonal Volatility
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US Jobless Claims, Durable Orders Rise; Amgen in $ 1.2 B Deal with Micromet
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 Business Insider |
Instant view: Jobless claims rise in latest week
Reuters NEW YORK (Reuters) – Claims for jobless benefits rose in the latest week to 377000, above the consensus forecast for 370000 and the previous week's 356000. New orders for manufactured goods rose more than expected in December on strong demand for … FinSys Update: US Jobless Claims Climb To 377k In Latest Week California reports modest rise in jobless claims US: Initial Jobless Claims raised to 377K |
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Tags: Bloomberg, Claims, Displaying, FirstTime, increase, Jobless, Seasonal, U.S., volatility | 
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Retail Sales in U.S. Probably Increased on Holiday Discounts – Bloomberg
 Bloomberg |
Retail Sales in U.S. Probably Increased on Holiday Discounts
Bloomberg First-time jobless claims were little changed last week, another report may show. Retailers like Macy's Inc. (M) spurred demand by cutting prices and extending hours to ensure consumers, strapped by falling home prices and stagnant wages, … |
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FOX5 Vegas – KVVUGlitch that delayed Nevada jobless claims fixed
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PRECIOUS-Gold steady as Spain auction, ECB loom
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Latest data fails to shake caution on U.S. economy
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Spain jobless claims rise slightly in December
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