Five noteworthy figures from the previous week
The federal government’s first estimate of the pace of economic expansion in the fourth quarter.
This represents the best Q4 for the economy since 2014. In Q4 2016, GDP was less than 2%.
Source: www.nytimes.com/2018/01/26/business/economy/gdp-economy.html [1/26/18]
December’s advance in durable goods order.
Not since June has the Commerce Department recorded such a strong monthly advance. Economists polled by the Wall Street Journal thought orders for hard goods would increase just 0.7% in the last month of 2017.
Source: www.foxbusiness.com/features/2018/01/26/durable-goods-orders-jump-2-9-best-showing-since-june.html [1/26/18]
The consecutive months of annualized employment gains for disabled Americans.
Year-over-year employment numbers for this demographic have improved since mid-2016, according to a joint analysis by the Kessler Foundation and the University of New Hampshire.
Source: money.cnn.com/2018/01/26/news/economy/jobs-people-with-disabilities/index.html [1/26/18]
The number of weeks that initial jobless claims have remained under 300,000.
This is the longest streak recorded in the past 48 years. When initial unemployment claims go under the 300,000 level, that signals a healthy job market. The streak is even more impressive given the fact that the U.S. labor market was considerably smaller in 1970.
Source: www.reuters.com/article/us-usa-economy-unemployment/u-s-new-home-sales-post-largest-drop-in-16-months-jobless-claims-up-idUSKBN1FE1WD [1/25/18]
The proportion of millennials who say they have $100,000.
Bank of America’s Better Money Habits survey unearthed this finding as it polled Americans aged 23-37. Additionally, 47% of the millennials responding said that they had $15,000 or more saved. Some respondents cited living at home while working as a major factor in helping them to accumulate assets.
Source: www.washingtonpost.com/news/get-there/wp/2018/01/25/a-new-report-found-1-in-6-millennials-have-100000-in-savings-this-is-how-some-found-a-way-to-save-a-lot-of-money/ [1/25/18]
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