Monthly Archives: November 2011

October Retail Sales Beat Expectations, Future Growth Faces Headwinds

November 15, 2011 Consumer spending displayed surprising resilience in October, with retail sales posting strong gains. The pace of spending slowed from September’s more robust numbers, but did not suggest broad-based weakening. Retail sales recorded gains for the fifth consecutive month and follow on the heels of solid GDP numbers, which reflect robust business investment […]

October Hiring Positive but Recovery Remains Frail

November 4, 2011 The pace of hiring in October remains consistent with the moderate GDP performance and reflects the protracted US economic recovery. Similar to prior months, private-sector firms added jobs in professional and business services, leisure and hospitality, and healthcare. The headline unemployment rate edged down, but has made little progress recently, fluctuating within […]

GDP Gains Encouraging But Recovery Remains Fragile

November 1, 2011 U.S. consumers and businesses spent much of the first half of the year disappointed by frequently mixed economic indicators, slow economic growth, lagging employment and, perhaps disproportionately, the debt crisis in the eurozone. Third quarter GDP data confirmed stronger and more dispersed economic growth than previous estimates. Demand has held up relatively […]