Summary of National Economic Data  - Last updated November 19, 2009
Labor Markets
      Growth Quarterly Growth, Annualized1 Latest Data Released - 11/6
Employment Situation Previous Q4-08 Q1-09 Q2-09 Q3-09 Jul-09 Aug-09 Sep-09 Oct-09
      12 Months                
Payroll Employment Change  -459* -1,277 -2,065 -1,537 -889 -304 -154 -219 -190
          (-935)   (-201) (-263)  
Civilian Unemployment Rate  8.8* 6.9 8.1 9.3 9.6 9.4 9.7 9.8 10.2
                   
Aggregate Hours Index -6.4 -7.4 -8.9 -7.8 -3.0 0.1 -0.2 -0.5 -0.2
                   
Civilian Labor Force -0.6 0.0 -1.7 2.4 -1.4 -0.3 0.0 -0.4 0.0
                       
Source: Bureau of Labor Statistics         *Average previous 12 months Payroll units are in thousands           Next Release - 12/4
1Payroll data is the quarterly change in level, unemployment rate is a monthly average
      Average Average of Monthly Data Latest Data Released - 11/19*
Unemployment Insurance Previous Q4-08 Q1-09 Q2-09 Q3-09 Aug-09 Sep-09 Oct-09 Nov-09
      12 Months                
Initial Claims 583 512 623 624 558 572 545 524 505
                (505)
 4-week Moving Average               514
                      (521)
      8 wk ago 7 wk ago 6 wk ago 5 wk ago 4 wk ago 3 wk ago 2 wk ago Last wk
   Recent Weekly Data   554 524 520 531 532 514 505 505
                       
*Most recent data is for the latest week ending Saturday, previous week in parentheses         Next Release - 11/25
Source: Department of Labor, Employment and Training Administration
Wages and Prices
      Growth Quarterly Growth, Annualized Latest Data Released - 11/18
Consumer Price Index Previous Q4-08 Q1-09 Q2-09 Q3-09 Jul-09 Aug-09 Sep-09 Oct-09
      12 Months                
Consumer Price Index -0.2 -8.3 -2.4 1.3 3.6 0.0 0.4 0.2 0.3
                 
CPI, excluding Food & Energy 1.7 0.6 1.5 2.4 1.5 0.1 0.1 0.2 0.2
                 
CPI Food -0.6 4.3 0.1 -1.8 -1.1 -0.3 0.1 -0.1 0.1
                 
CPI Energy -14.1 -62.3 -34.3 -3.0 35.9 -0.4 4.6 0.6 1.5
                       
Source: Bureau of Labor Statistics         Next Release - 12/16
      Growth Quarterly Growth, Annualized Latest Data Released - 10/30
Personal Consumption Expenditures Previous Q4-08 Q1-09 Q2-09 Q3-09 Jun-09 Jul-09 Aug-09 Sep-09
      12 Months                
PCE: Chain Price Index -0.5 -5.0 -1.5 1.4 2.8 0.5 0.0 0.3 0.1
               
PCE Index, excluding Food & Energy 1.3 0.8 1.1 2.0 1.4 0.1 0.1 0.1 0.1
                       
Source: Bureau of Economic Analysis          Next Update - 11/25
      Growth Quarterly Growth, Annualized Latest Data Released - 11/17
Producer Price Index Previous Q4-08 Q1-09 Q2-09 Q3-09 Jul-09 Aug-09 Sep-09 Oct-09
      12 Months                
Producer Price Index -1.9 -19.0 -6.2 1.8 4.8 -1.0 1.7 -0.6 0.3
        (1.7) (4.9) (-0.9)      
PPI, excluding Food & Energy 0.7 4.3 2.2 1.3 1.2 -0.1 0.2 -0.1 -0.6
            (1.4) (1.1)        
Source: Bureau of Labor Statistics          Next Update - 12/15
      Average Average of Monthly Data Latest Data Released - 11/18*
Oil and Commodity Prices Previous Q4-08 Q1-09 Q2-09 Q3-09 Aug-09 Sep-09 Oct-09 Nov-09
      12 Months                
Domestic Spot Oil Price1 57.2 58.4 43.0 59.5 68.2 71.1 69.5 75.8 79.1
                  (79.1)
Industrial Materials, CRB2 379.4 357.5 336.5 378.4 433.6 444.7 441.9 432.4 456.5
                      (451.8)
*Most recent data is for the latest Tuesday, value of the previous Tuesday in parentheses          Next Update - 11/25
Sources: 1 - West Texas Intermediate, 2 - Commodity Research Bureau
          Growth Latest Data Released - 10/30
Employment Cost Index Previous Q4-08 Q1-09 Q2-09 Q3-09
          4 Quarters        
Compensation Costs, Civilian     1.5   0.6 0.3 0.4 0.4
             
    Wages and Salaries     1.5   0.5 0.3 0.4 0.4
             
Compensation Costs, Private     1.2   0.5 0.2 0.2 0.5
             
    Wages and Salaries     1.4   0.5 0.2 0.2 0.5
                       
Source: Bureau of Labor Statistics         Note: Quarterly data are annualized growth rates          Next Release - 1/29
            Growth   Latest Data Released - 11/5
Productivity and Costs Previous Q4-08 Q1-09 Q2-09 Q3-09
            4 Quarters          
Output Per Hour   4.3 0.8 0.3 6.9 9.5
        (6.6)  
Compensation Per Hour   0.5 2.9 -4.7 0.3 3.8
           
Unit Labor Costs   -3.6 2.0 -5.0 -6.1 -5.2
                    (-5.9)  
Source: Bureau of Labor Statistics         Note: Quarterly data are annualized growth rates          Next Release - 12/3
      Growth Quarterly Growth, Annualized Latest Data Released - 11/6
Hourly Earnings Previous Q4-08 Q1-09 Q2-09 Q3-09 Jul-09 Aug-09 Sep-09 Oct-09
      12 Months                
Average Hourly Earnings 2.4 3.9 2.7 1.3 2.5 0.3 0.4 0.1 0.3
                       
Source: Bureau of Labor Statistics           Next Release - 12/4
Consumers
      Growth Quarterly Growth, Annualized Latest Data Released - 10/30
Personal Income Previous Q4-08 Q1-09 Q2-09 Q3-09 Jun-09 Jul-09 Aug-09 Sep-09
      12 Months                
Personal Income -2.8 -1.7 -8.9 0.6 -0.5 -1.1 0.1 0.1 0.0
              (0.2) (0.2)  
Wages & Salaries -5.2 -1.5 -13.6 -4.8 -0.3 -0.3 0.1 0.2 -0.2
              (0.2)    
Real Disposable Income 1.1 3.4 0.2 3.8 -3.4 -1.6 -0.1 -0.2 -0.1
                   
Real Personal Consumption Exp. 0.3 -3.1 0.6 -0.9 3.4 0.2 0.2 1.0 -0.6
                (0.9)  
Real PCE, Durable Goods -2.5 -20.3 3.9 -5.6 22.4 1.0 2.1 6.7 -7.2
              (1.8) (5.8)  
Savings Rate* 4.0 3.8 3.8 4.9 3.4 4.2 4.0 2.8 3.3
                    (3.0)  
Source: Bureau of Economic Analysis        Next Release - 11/25
* For savings rate data, the annual figure is the 12-month average and the quarterly figures are monthly averages
 
      Growth Quarterly Growth, Annualized Latest Data Released - 11/16
Retail Sales Previous Q4-08 Q1-09 Q2-09 Q3-09 Jul-09 Aug-09 Sep-09 Oct-09
      12 Months                
Retail and Food Service Sales -1.7 -23.9 -5.0 -1.4 6.0 -0.1 2.4 -2.3 1.4
    (-23.4) (-5.5)   (6.4) (2.2) (-1.5)  
   Excluding Autos -2.6 -21.8 -5.1 -1.2 3.1 -0.5 0.8 0.4 0.2
        (-21.6) (-5.2)   (3.6)   (1.0) (0.5)  
Source: U.S. Census Bureau         Next Release - 12/11
      Growth Quarterly Growth, Annualized Latest Data Released - 11/17*
Redbook Research Previous Q4-08 Q1-09 Q2-09 Q3-09 Aug-09 Sep-09 Oct-09 Nov-09
      12 Months                
Retail Sales 2.0 -0.9 -0.6 -0.9 -0.9 -0.6 0.4 1.6 4.4
                      (4.3)
*Most recent data is for the latest week ending Saturday         Next Release - 11/24
Source: Redbook Research
      Average Average of Monthly Data Latest Data Released - 11/16
Auto and Truck Sales Previous Q4-08 Q1-09 Q2-09 Q3-09 Jul-09 Aug-09 Sep-09 Oct-09
      12 Months                
Auto & Truck Sales, Total 10.2 10.4 9.5 9.6 11.5 11.2 14.1 9.2 10.4
                 
Auto & Truck Sales, Domestic 7.5 7.7 6.8 7.1 8.4 8.3 10.2 6.7 7.9
                 
Auto Sales, Domestic 3.5 3.6 3.1 3.2 4.2 4.2 5.3 3.3 3.7
                 
Auto & Truck Production 5.5 7.1 4.4 4.5 6.4 5.6 6.3 7.1 6.8
                 
Auto & Truck Inventories 1.8 2.4 2.1 1.8 1.4 1.5 1.2 1.4 1.5
                 
Days' Supply 77.3 95.6 96.1 78.4 51.5 55.4 36.2 62.8 56.6
              (51.4)        
Source: Bureau of Economic Analysis Units are in millions          Next Release - 12/2
      Average Average of Monthly Data5 Latest Data Released - 11/18
Housing and Construction Previous Q4-08 Q1-09 Q2-09 Q3-09 Jul-09 Aug-09 Sep-09 Oct-09
      12 Months                
Housing Starts1 559 658 528 540 589 593 581 592 529
          (590) (587) (590)  
Building Permits1 554 641 531 529 573 564 580 575 552
                 
New Home Sales2 378 391 338 372 411 413 417 402  
            (426) (429)    
Existing Home Sales3 4,845 4,740 4,583 4,757 5,300 5,240 5,090 5,570  
            (5,100)    
Construction4  -13* -13.4 -22.6 -4.9 -9.1 -1.2 -0.1 0.8  
                (-1.1) (0.8)    
Source: U.S. Department of the Census   *Growth, previous 12 months Units are in thousands
1Released 11/18  2Released 10/28  3Released 10/23  4Released 11/2  5Quarterly construction data is annualized growth
               Next Release - Starts & Permits 12/16, New Homes 11/25, Existing Homes 11/23, Const. 12/1
      Growth Quarterly Growth, Annualized Latest Data Released - 10/22
FHFA House Price Index Previous Q3-08 Q4-08 Q1-09 Q2-09 May-09 Jun-09 Jul-09 Aug-09
      Year*                
U.S. Total1     -4.0 -8.8 0.4 2.3 -9.3      
                 
   Purchase Only - Monthly -3.6 -8.4 -11.6 -0.5 -3.1 0.6 0.2 0.3 -0.3
        (-8.5) (-11.7)       (0.1)    
Source: Federal Housing Finance Agency *Previous 4 quarters for Total, previous 12 months for Purchase only        Next Release - 11/24
1The U.S. Total series is available only on a quarterly basis, and is not seasonally adjusted
The FHFA only measures house prices backed by Fannie or Freddie conforming, conventional mortages, excluding refinances. It also excludes new home sales.
      Growth Quarterly Growth, Annualized Latest Data Released - 10/27
S&P/Case-Shiller HPI Previous Q3-08 Q4-08 Q1-09 Q2-09 May-09 Jun-09 Jul-09 Aug-09
      Year*                
U.S. National1   -14.9 -14.5 -23.3 -24.5 5.8      
                 
   Composite 20 - Monthly -11.4 -14.3 -20.0 -22.0 -10.5 -0.1 0.9 1.2 1.0
        (-14.1) (-20.1) (-22.4) (-10.1) (0.0) (0.8)    
Source: Standard & Poors, Fiserv and MacroMarkets, LLC *Previous 4 quarters for National, previous 12 months for Composite 20        Next Release - 11/24
1The U.S. National series is available only on a quarterly basis
The S&P indices are value-weighted, meaning that price trends for more expensive homes have a greater impact on price change measures than other homes.
      Average Average of Monthly Data Latest Data Released - 10/30
University of Michigan Previous Q4-08 Q1-09 Q2-09 Q3-09 Aug-09 Sep-09 Oct-09 Nov-09
      12 Months                
Consumer Sentiment 64.2 57.7 58.3 68.2 68.4 65.7 73.5 70.6  
                 
Consumer Expectations 61.8 55.0 53.9 67.2 67.2 65.0 73.5 68.6  
                 
Current Conditions 68.0 61.8 65.1 69.7 70.2 66.6 73.4 73.7  
                       
Source: University of Michigan        Next Release - 11/25
Note: Used with permission of copyright holder; any other use prohibited
Businesses
      Growth Quarterly Growth, Annualized Latest Data Released - 11/17
Industrial Production Previous Q4-08 Q1-09 Q2-09 Q3-09 Jul-09 Aug-09 Sep-09 Oct-09
      12 Months                
Industrial Production -7.2 -12.9 -19.2 -10.2 5.6 0.9 1.3 0.6 0.1
          (5.2) (1.2) (0.7)  
Manufacturing Production -7.9 -18.2 -21.9 -8.8 7.6 1.2 1.5 0.7 -0.1
          (6.9) (1.2) (0.8)  
Capacity Utilization, Manufacturing* 67.1 70.9 66.7 65.4 66.9 66.0 67.0 67.6 67.6
              (66.8)   (66.8) (67.5)  
Source: Federal Reserve System, Board of Governors        Next Release - 12/15
* For C.U. manufacturing data, the annual figure is the 12-month average and the quarterly figures are monthly averages
Manufacturers' Shipments and Durable Goods Orders Growth Quarterly Growth, Annualized Latest Data Released - 11/3
Previous Q4-08 Q1-09 Q2-09 Q3-09 Jun-09 Jul-09 Aug-09 Sep-09
12 Months                
New Orders -17.1 -47.0 -31.5 2.2 8.8 0.9 1.4 -0.8 0.9
                 
  Durable Goods -19.3 -45.2 -39.0 4.0 12.7 -1.1 4.8 -2.7 1.4
          (12.3)   (-2.6) (1.0)
    Excluding Transportation -16.8 -40.8 -36.5 -0.7 12.2 2.6 0.9 -0.5 1.2
          (12.3)   (-0.4) (0.9)
    Capital Goods Nondefense -21.2 -49.9 -49.1 13.3 21.6 -0.2 7.0 -7.8 2.3
          (22.2)   (-7.7) (2.5)
      Excluding Aircraft -16.9 -36.5 -44.2 3.8 10.6 3.8 -1.3 -1.0 1.8
          (11.2)   (-0.8) (2.0)
Shipments -15.9 -39.6 -27.7 -6.8 5.5 1.8 0.3 -0.2 0.8
              (-0.3)  
  Capital Goods Nondefense Ex. Air. -18.7 -15.5 -35.4 -14.4 -1.8 1.4 0.3 -2.2 -0.2
          (-1.9)      
Unfilled Orders, Durable Goods* -11.5 -12.8 -19.7 -8.7 -3.9 -0.8 -0.1 -0.4 -0.4
          (-3.8)      
  Excluding Transportation -14.2 -21.4 -24.4 -8.6 -0.4 -0.1 -0.4 -0.1 0.5
          (0.2)      
  Capital Goods Nondefense -13.0 -11.8 -21.4 -12.3 -5.8 -0.8 0.0 -0.7 -0.7
          (-5.6)      
    Excluding Aircraft -15.1 -16.8 -25.4 -13.0 -3.8 -0.3 -0.8 -0.4 0.2
              (-3.3)       (0.3)
Source: U.S. Census Bureau    *All manufacturing unfilled orders are durable goods        Next Release - 11/25
      Shipments and orders are updated twice per month, with an advanced report and the full release the following week.
      Growth Quarterly Growth, Annualized Latest Data Released - 11/16
Manufacturing & Trade Previous Q4-08 Q1-09 Q2-09 Q3-09 Jun-09 Jul-09 Aug-09 Sep-09
      12 Months                
Sales -13.1 -35.4 -21.7 -4.5 6.7 1.1 0.3 1.1 -0.3
    (-35.3) (-21.8)       (1.0)  
Inventories -13.4 -12.5 -14.5 -14.6 -12.1 -1.4 -1.1 -1.6 -0.4
        (-11.4)           (-1.5)  
Source: U.S. Census Bureau        Next Release - 12/11
      Average Average of Monthly Data Latest Data Released - 11/2
ISM Manufacturing Previous Q4-08 Q1-09 Q2-09 Q3-09 Jul-09 Aug-09 Sep-09 Oct-09
      12 Months                
PMI Index 42.9 36.1 35.9 42.6 51.5 48.9 52.9 52.6 55.7
                 
   Employment 37.4 32.8 28.0 36.5 46.1 45.6 46.4 46.2 53.1
                 
Price Index 42.2 26.8 29.7 41.8 61.2 55.0 65.0 63.5 65.0
                       
Source: Institute for Supply Management          Next Release - 12/1
      Average Average of Monthly Data Latest Data Released - 11/4
ISM Non-Manufacturing Previous Q4-08 Q1-09 Q2-09 Q3-09 Jul-09 Aug-09 Sep-09 Oct-09
      12 Months                
NMI Index 44.5 40.7 41.8 44.9 48.6 46.4 48.4 50.9 50.6
                 
   Employment 38.3 35.8 34.7 39.8 43.1 41.5 43.5 44.3 41.1
                 
Price Index 45.8 42.1 43.2 46.9 51.1 41.3 63.1 48.8 53.0
                       
Source: Institute for Supply Management          Next Release - 12/3
      Growth Quarterly Growth, Annualized Latest Data Released - 11/19
Leading Indicators Previous Q4-08 Q1-09 Q2-09 Q3-09 Jul-09 Aug-09 Sep-09 Oct-09
      12 Months                
Leading Indicators 4.2 -6.6 -3.7 7.7 10.9 1.0 0.4 1.0 0.3
                 
Coincident Indicators -4.8 -5.3 -8.7 -6.4 -1.1 0.1 0.1 -0.1 0.0
              (-0.9)     (0.0)  
Source: The Conference Board         Next Release - 12/17
International, and Other
      Average Quarterly Totals Latest Data Released - 11/13
U.S. International Trade Previous Q4-08 Q1-09 Q2-09 Q3-09 Jun-09 Jul-09 Aug-09 Sep-09
      12 Months                
Trade Balance -34.9 -144.5 -92.4 -83.0 -99.2 -27.5 -31.9 -30.8 -36.5
              (-30.7)  
Exports 129.4 424.2 372.2 367.8 388.3 124.9 128.0 128.3 132.0
              (128.2)  
Imports 164.3 568.6 464.6 450.8 487.4 152.4 159.8 159.1 168.4
                    (158.9)  
Source: U.S. Census Bureau and Bureau of Economic Analysis         Next Release - 12/10
      Average Average of Monthly Data Latest Data Released - 11/17*
Exchange & Interest Rates Previous Q4-08 Q1-09 Q2-09 Q3-09 Aug-09 Sep-09 Oct-09 Nov-09
      12 Months                
FRB Trade-weighted Dollar 79.1 81.3 82.7 79.4 75.4 75.2 74.6 73.6 73.0
                (73.8)
Foreign 3-month Interest Rate 1.4 3.6 1.7 1.3 0.7 0.7 0.5 0.5 0.5
                (0.5)
U.S. 3-month CD 0.9 2.8 1.1 0.6 0.3 0.3 0.3 0.2 0.2
                      (0.2)
* Most recent data is for the latest week ending Friday         Next Release - 11/24
Source: Federal Reserve System, Board of Governors
Gross Domestic Product
            Growth   Latest Data Released - 10/29
Gross Domestic Product   Previous   Q4-08 Q1-09 Q2-09 Q3-09
            4 Quarters          
Gross Domestic Product, Real   -2.3   -5.4 -6.4 -0.7 3.5
           
  Final Sales   -1.5   -4.7 -4.1 0.7 2.5
           
    Consumption   0.0   -3.1 0.6 -0.9 3.4
           
    Business Fixed Investment   -18.9   -19.5 -39.2 -9.6 -2.5
           
      Equipment & Software   -17.9   -25.9 -36.4 -4.9 1.1
           
        Information Processing (E & S)   -6.4   -16.9 -19.6 5.5 8.9
           
    Residential Fixed Investment   -18.1   -23.2 -38.2 -23.3 23.4
           
    Government   1.8   1.2 -2.6 6.7 2.3
           
    Exports   -11.2   -19.5 -29.9 -4.1 14.7
           
    Imports   -14.9   -16.7 -36.4 -14.7 16.4
           
  Price Index - GDP   0.7   0.1 1.9 0.0 0.8
           
  Price Index - PCE   -0.6   -5.0 -1.5 1.4 2.8
           
Net Exports (Nominal)*   -423.9   -590.5 -378.5 -339.1 -387.5
                       
*For net exports, the annual figure is a 4-quarter average and the quarterly figures are levels         Next Release - 11/24
Source: Bureau of Economic Anaysis         Note: Quarterly data are annualized growth rates