Economic Numbers

6:49am

Tue February 28, 2012
The Two-Way

Order For Durable Goods Drops 4 Percent

The Commerce Department says a drop in spending on transportation and business equipment contributed to a 4 percent decrease in manufactured durable goods in January.

The decrease follows three consecutive monthly increases, including a 3.2 percent increase in December.

The AP reports:

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6:49am

Mon February 27, 2012
Your Money

Warm Winter Is Helping Consumers Cope

Originally published on Mon February 27, 2012 12:14 pm

A woman takes in the sunshine while reading in Central Park on Feb. 1 in New York City, where temperatures topped 60 degrees.
Mario Tama Getty Images

The rapidly rising price of gasoline has not stalled the economic recovery — at least not yet. And one reason for that may be found in fields of daffodils.

This year's unusually warm winter has held down heating costs, helping consumers spend less on their monthly utility bills.

"Weather plays a big role" in determining what's left in your checking account as winter wraps up, said Jonathan Cogan, a spokesman for the Energy Information Administration.

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6:40am

Thu February 23, 2012
The Two-Way

Jobless Claims Stay At Four-Year Low

There were 351,000 first-time claims for unemployment insurance last week, unchanged from the four-year-low level of the week before, the Employment and Training Administration just reported.

It adds that "the 4-week moving average was 359,000, a decrease of 7,000 from the previous week's revised average of 366,000."

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9:55am

Wed February 22, 2012
The Two-Way

Sales Of Existing Homes At Highest Level In Nearly Two Years

There were 4.3 percent more existing homes sold in January than in December, and the 4.57 million annual rate was the highest since May 2010, the National Association of Realtors reports.

Sales have gone up three of the past four months.

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5:11am

Fri February 17, 2012
Economy

Does The Strengthening Economy Still Need Congress?

Originally published on Fri February 17, 2012 10:25 am

Employment has been rising in recent months, but most economists say Congress should keep trying to boost consumer spending.
Mark Lennihan AP

Congress on Friday approved legislation to continue a payroll tax holiday and extend benefits for the long-term unemployed.

The goal is to make sure Americans have enough spending money to keep the recovery from faltering. President Obama is expected to sign the legislation.

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