Five noteworthy figures from the previous week
The latest reading on the Conference Board’s consumer confidence index.
America’s most respected gauge of consumer outlook reached its highest level in February since November 2000. (For the record, the index neared 150 in 2000.)
Source: marketwatch.com/story/consumer-confidence-in-us-hits-highest-level-since-november-2000-2018-02-27 [2/27/18]
The February reading for the Institute for Supply Management’s manufacturing PMI.
This monthly index compiles information from purchasing managers at large U.S. companies. This reading was the best seen since May 2004.
Source: washingtonpost.com/news/get-there/wp-2018/03/01/dow-drops-500-points-on-news-of-trumps-steel-tariffs [3/1/18]
The average yearly labor force growth rate for Americans aged 75 and older.
The Bureau of Labor Statistics has made this projection for the years through 2024. It also estimates 4.5% average annual growth in the population or employed Americans aged 65-74 through that time.
Source: nytimes.com/2018/03/02/business/retirement/aging-workers-opportunity.html [3/2/18]
The number of consecutive weeks that mortgage rates have risen.
Interest on a new 30-year, fixed rate mortgage averaged 4.43% last week, up 0.03% from the week before. Mortgage rates are now near a 4- year high.
Source: foxbusiness.com/markets/us-mortgage-rates-rise-for-8th-week-in-row-near-4-year-high [3/2/18]
Criminals defrauded American consumers our of this much money during 2017.
This statistic is from a just-released Federal Trade Commission report; it represents a $63 million increase from 2016.
Source: abcnews.go.com/US/americans-defrauded-billion-2017-report/story?id=53448360 [3/1/18]
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