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First District: Boston Second District: New York Third District: Philadelphia Fourth District: Cleveland Board of Governors Board of Governors Fifth District: Richmond Sixth District: Atlanta Seventh District: Chicago Eighth District: St. Louis Ninth District: Minneapolis Tenth District: Kansas City Eleventh District: Dallas Twelfth District: San Francisco Twelfth District: San Francisco
National Bureau of Economic Research (NBER)
Business Cycle Dating Committee Page - Watch NBER's Jim Poterba on CNBC Dec2009 - Sep2010.

Last Peak in U.S. Economic Activity was December 2007 and Current Trough was June 2009
Previous Peak in U.S. Economic Activity was March 2001 and Previous Trough was November 2001.

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Economic Events this Week
12/9Mon10:00AM : Nov Conference Board Employment Trends Index
12/10Tue07:00AM : Nov NFIB Small Business Index
12/10Tue07:45AM : Weekly TRE-GS Store Sales Index
12/10Tue08:30AM : 3Q2019 U.S. Labor Productivity
12/10Tue09:00AM : Federal Open Market Committee Meeting Day 1 of 2
12/10Tue09:00AM : Weekly Redbook Retail Sales Index
12/11Wed07:00AM : Weekly MBA Mortgage Applications Survey
12/11Wed08:30AM : Nov Consumer Price Index
12/11Wed08:30AM : Nov Consumer Price Index, Ex Food and Energy
12/11Wed08:30AM : Nov Real Earnings
12/11Wed09:00AM : Federal Open Market Committee Meeting Day 2 of 2
12/11Wed10:00AM : 3Q2019 Quarterly Services Survey
12/11Wed10:30AM : Weekly U.S. Petroleum Status Report
12/11Wed02:00PM : Federal Open Market Committee Meeting Statement
12/11Wed02:00PM : Nov U.S. Treasury Budget
12/11Wed02:30PM : Federal Open Market Committee Press Conference
12/12Thu08:30AM : Nov Producer Price Index
12/12Thu08:30AM : Nov Producer Price Index, Ex Food and Energy
12/12Thu08:30AM : Weekly Initial Jobless Claims
12/13Fri08:30AM : Nov U.S. Import Index
12/13Fri08:30AM : Nov Retail Sales
12/13Fri08:30AM : Nov Retail Sales Ex Autos
12/13Fri10:00AM : Oct Business Inventories
Latest Economic Results Provided by
3Q2019 Productivity Growth Decreased 0.2%

12/10/19 - Nonfarm business sector labor productivity decreased 0.2 percent in the third quarter of 2019, the U.S. Bureau of Labor Statistics reported today, as output increased 2.3 percent and hours worked increased 2.5 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the third quarter of 2018 to the …more…

NFIB Small Business Optimism Index rose 2.3 points to 104.7 in November

12/10/19 - Small business optimism posted the largest month-over-month gain since May 2018, rising 2.3 points to 104.7 in November. The exceptional Optimism Index reading was bolstered by seven of the 10 Index components advancing, led by a 10-point improvement in earnings. Owners reporting it is a good time to expand increased by 6 points and …more…

Employment Trends Index increased in November to 110.18

12/09/19 - The Conference Board Employment Trends Index™ (ETI) increased in November, following a decline in October. The index now stands at 110.18, up from 109.96 (a downward revision) in October. The increase marks a 0.1 percent gain in the ETI over the past 12 months.

“The Employment Trends Index increased in November, suggesting solid job growth will continue in the coming months,” said Gad Levanon, Head of The Conference Board Labor Market Institute. “Recently published indicators held on better than expected, suggesting that …more…

Consumer Credit Increased at an annual rate of 5.50% in October

12/06/19 - In October, consumer credit increased at a seasonally adjusted annual rate of 5-1/2 percent. Revolving credit increased at an annual rate of 8-3/4 percent, while nonrevolving credit increased at an annual rate of 4-1/4 percent.


University of Michigan Consumer Confidence Preliminary December Results rose to 99.2

12/06/19 - Consumer sentiment rose to the upper end of the favorable range it has traveled since the start of 2017. The Sentiment Index has averaged 97.0 in the past three years, the highest sustained level since the all-time record in the Clinton administration. Nearly all of the early December gain was among upper income households, who also reported …more…

Wholesale Inventories up 0.1% in October 2019

12/06/19 - October 2019 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $494.3 billion, down 0.7 percent (±0.5 percent) from the revised September level and were down 1.4 percent (±0.9 percent) from the October 2018 level. …more…

November Employment increased by 266,000
Unemployment Rate little changed at 3.5%

12/06/19 - Total nonfarm payroll employment rose by 266,000 in November, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and in professional and technical services. Employment rose in manufacturing, reflecting the return of workers from a …more…

New orders for manufactured goods increased 0.3% in October

12/05/19 - New orders for manufactured goods in October, up following two consecutive monthly decreases, increased $1.4 billion or 0.3 percent to $497.0 billion, the U.S. Census Bureau reported today. This followed a 0.8 percent September decrease. Shipments, up following three consecutive monthly decreases, increased less than $0.1 billion or …more…

Goods and Services Deficit Decreased in October 2019

12/05/19 - The nation's international trade deficit in goods and services decreased to $47.2 billion in October from $51.1 billion in September (revised), as imports decreased more than exports. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $47.2 billion in October, down $3.9 …more…

Weekly Initial Unemployment Claims Decrease 10,000 to 203,000

12/05/19 - In the week ending November 30, the advance figure for seasonally adjusted initial claims was 203,000, a decrease of 10,000 from the previous week's unrevised level of 213,000. The 4-week moving average was 217,750, a decrease of 2,000 from the previous week's unrevised average …more…

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