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Economic Data (USA)

Tuesday, January 27, 2015

Consumer Confidence Index (CCI) for January 2015

The Consumer Confidence Index (CCI) for this month (January 2015) was released by The Conference Board this morning:

Predicted: 96.0
Actual: 102.9

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Every month, The Conference Board sends a questionnaire to 5,000 U.S. households. Survey participants are polled about their feelings regarding the U.S. economy, current and future, and about their own fiscal circumstances. On average, 3,500 participants complete and return the 5-question survey.

The baseline "100" score for the CCI is linked to 1985 survey data.

When consumers feel good about the economy, they tend to do more spending, and vice versa.

Based in New York City, The Conference Board is a private, not-for-profit organization with a mission to, "create and disseminate knowledge about management and the marketplace to help businesses strengthen their performance and better serve society."

The CCI is almost always released on the last Tuesday of the month.

Last month, the CCI was 93.1 (revised)


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Friday, January 09, 2015

Employment Situation Report for December 2014

The Employment Situation report for December 2014 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Unemployment Rate
Predicted: 5.7%
Actual: 5.6%

Non-farm Payrolls (month-to-month change)
Predicted: +238,000
Actual: +240,000

Average Hourly Earnings (month-to-month change)
Predicted: +0.2%
Actual: -0.2%

Average Workweek
Predicted: 34.6 hrs
Actual: 34.6 hrs

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Department of Labor report.

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