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