On Friday 2nd Sept, U.S. Labor Department reported no job growth in the nation last month, pressuring energy demand forecasts and prices even as a tropical storm in the Gulf of Mexico prompted precautionary rig evacuations. The Labor Department reported payrolls were unchanged on the month, while the jobless rate held at 9.1%, as the first downgrade of the country’s…
Tag: Economic Data
US GDP data – still shows a weak US economic state | Financial Review | US Economy
Last night (29th April 2011), US released their latest US GDP economic data which shows that United States GDP increased at an annual rate of 1.8 percent in the first quarter of 2011. In the fourth quarter, real GDP increased 3.1 percent. The positive contributions came from: – personal consumption expenditures (PCE)– private inventory investment,– exports, and – nonresidential fixed investment The…