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Kimberly's US Economy Blog June 2007 Archive

By Kimberly Amadeo, About.com Guide to US Economy

Q1 GDP Growth Revised Up Slightly

Thursday June 28, 2007
Bill Pugliano / Getty Images The BEA released the final Q1 2007 GDP growth rate, which was .7%. This was a slight revision upwards from ... Read More

Durable Goods Orders Better Than Last Year

Wednesday June 27, 2007
Matt Cardy/Getty Images Building on last month's hopeful trend, this month's Durable Goods Orders Report adds another note of optimism. Today, the Commerce Department reported ... Read More

Americans Are Losing Confidence in the Economy

Tuesday June 26, 2007
Americans' confidence in the economy dropped in June, according to the Consumer Confidence Index released today by the Conference Board. The Index now stands at 103.9, down from 108.5 in ... Read More

America and the Dollar Illusion

Thursday June 21, 2007
A friend of mine in Germany emailed me this story a little while ago. Even though it is from 2006, it is eerily prescient about what has been happening with ... Read More

China Overtakes UK as 2nd Largest Holder of U.S. Securities

Wednesday June 20, 2007
China has now replaced the United Kingdom as the second largest foreign holder of U.S. long-term securities. In the Treasury Department report released May 31, 2007, China holds $699 billion ... Read More

2007 Home Sales Forecast Revised Down

Tuesday June 19, 2007
David McNew /Getty Images The National Association of Realtors (NAR) forecast that home sales are projected to total 6.18 million in 2007 and 6.41 million ... Read More

Core Inflation Eases Slightly to 2.2%

Monday June 18, 2007
Fed Chair Bernanke working hard to combat inflation Photo:Chip Somodevilla /Getty Images The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) for ... Read More

Fed's Beige Book Revives Bond Market

Friday June 15, 2007
Federal Reserve The bond market revived after the Federal Reserve reported "moderate" growth in the U.S. economy for April/May as released in its Beige Book ... Read More

A Reader Asks: "Why Did Stocks and Bonds Both Drop?"

Thursday June 14, 2007
Getty Images A reader recently asked a very good question: It seems to me that the current trend in bonds is not following the general ... Read More

Women Working Longer Into Retirement

Tuesday June 12, 2007
The latest retirement survey from the Employee Benefit Research Institute (EBRI) reported that women are driving a higher rate of employment participation among those aged 55-64. For this age group, ... Read More

Bond Yields Rising - Why That Is Bad for Housing

Monday June 11, 2007
Last week, the yield on the 10-year Treasury note reached 5.25%, the highest in 11 months. Since mortgage interest rates usually rise and fall with Treasury note yields, this means ... Read More

NAR Says Housing Market May Be Stabilizing

Thursday June 7, 2007
The National Association of Realtors (NAR) reported that the Pending Home Sales Index showed that home sales contracts signed in April are down 10.2% from last year. This continues ... Read More

Unemployment Rate - Better Than Last Year?

Wednesday June 6, 2007
As I mentioned yesterday, the latest BLS jobs report says that the unemployment rate in May 2007 is 4.5%, better than the rate of 4.6% in May of last year. Or ... Read More

Manufacturing Jobs Continue 8-Month Slump

Tuesday June 5, 2007
Tim Boyle /Getty Images In May, 157,000 new jobs were created, according to the employment report, released Friday by the Bureau of Labor Statistics (BLS). ... Read More

Q1 GDP Revised Down

Friday June 1, 2007
Yesterday, the BEA reported that U.S. GDP growth for Q1 2007 was a moribund .6% This was a revision downwards from the advance GDP forecast of 1.3% released a month ... Read More

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