GDP (4thQ2019)

- Real GDP quarter/quarter, seasonally adjusted annualized rate 2.1%. Previous was 2.1%
- Real Consumer Spending seasonally adjusted annualized rate 1.8%. Previous was 3.2%
- GDP price index seasonally adjusted annualized rate  1.4%. Previous was 1.4%

The headline is deceptively good. The concern is that Consumer Spending (which is what drives the economy) had a significant drop.

My weekly newsletter of next Monday will take a look inside this report.

Source:  Bureau of Economic Analysis

 

 

Initial Jobless Claims (week ended 1/25/2019)

- New Claims seasonally adjusted   216,000. Previous was 223,000
- New Claims not seasonally adjusted  totaled 228,386 a decrease of 53,702  from previous
- 4-week Moving Average seasonally adjusted  214,500. Previous was 216,250

The jobs market remains extremely healthy.

Source: Department of Labor  Details: https://www.dol.gov/ui/data.pdf