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The Fed threw a lot at the economy. How did the economy respond?

Home sales slowed as the year progressed, but 2013 overall was the best year since 2006

Milton Friedman

Who is winning the job recovery game?

THURSDAY, August 30, 2012 - U.S. companies are making money at home despite the volatile global economy. Domestically earned profits of nonfinancial firms rose to $1.1 trillion in the second quarter, the fifth straight quarterly increase. Profits from Europe, China and the rest of the world have been uneven, dropping in the first quarter before edging higher in the second.

THURSDAY, August 30, 2012 - U.S. companies are making money at home despite the volatile global economy. Domestically earned profits of nonfinancial firms rose to $1.1 trillion in the second quarter, the fifth straight quarterly increase. Profits from Europe, China and the rest of the world have been uneven, dropping in the first quarter before edging higher in the second.

THURSDAY, August 30, 2012 - U.S. companies are making money at home despite the volatile global economy. Domestically earned profits of nonfinancial firms rose to $1.1 trillion in the second quarter, the fifth straight quarterly increase. Profits from Europe, China and the rest of the world have been uneven, dropping in the first quarter before edging higher in the second.

TUESDAY, Sept. 4, 2012 - The nation’s aging population and the fallout from the recession have increased the share of personal income that comes from the government. Government payments — such as unemployment insurance, Medicare and Social Security — were 17.3% of personal income in July. That’s lower than the recession peak of 18.6% but well above the 14.2% in December 2007, when the recession started.

THURSDAY, Sept. 6, 2012 - Worker productivity has rebounded amid slower hiring. Productivity, or output per hour worked, rose at a 2.2% annual rate in the second quarter, after a 0.5% fall between January and March. Rising productivity is a good thing for the economy, but also suggests companies are ensuring profits by delaying new hires—a trend economists say can’t continue indefinitely.

FRIDAY, Sept. 7, 2012 - The service sector is growing as manufacturing shrinks. A gauge of service businesses by the Institute for Supply Management showed activity rising to 53.7 in August from 52.6. Readings over 50 indicate expansion. A services employment index rose to 53.8 from 49.3, the highest level in four months. ISM’s factories report has contracted for three straight months.

WEDNESDAY, Sept. 5, 2012 - U.S. manufacturers are cutting production amid weak demand. A gauge of manufacturing production slipped 4.1 points to 47.2 in August, the weakest level since May 2009. A reading below 50 indicates that activity is shrinking. Meanwhile, an index of inventories — which isn’t seasonally adjusted — surpassed 50 last month for the first time in nearly a year. Together, this suggests that businesses are accumulating stock due to poor sales.

MONDAY, Sept. 10, 2012 - More car loans are going to risky borrowers. Nearly 12% of new auto loans went to subprime borrowers — those with credit scores below 620 — in the second quarter, the most since the market for risky loans dried up in 2008. Somewhat safer “outside of prime” loans — those to borrowers with scores below 680 — rose to 25.4% in the second quarter, up from under 17% in 2009.

MONDAY, August 27, 2012 - Total U.S. drilling activity is slowing. A price gap in recent years between cheap natural gas and pricier oil has led companies to shift rigs from gas fields in Louisiana and Pennsylvania into oil-rich Texas and North Dakota. Now, however, the number of rigs drilling for oil has stabilized at about 1,400, even as the gas rig count has continued to tumble.

The emergence of the mobile workforce

The Emergence of the Mobile Workforce

coydavidson.com

WEDNESDAY, August 22, 2012 - Confidence is falling among firms that help businesses lease and finance new equipment. A gauge of current and future business conditions among executives in the equipment leasing and finance industry fell to 50.2 in August from 51.5 in July. Executives surveyed said their more-pessimistic view is due to many kinds of uncertainty: economic, political and regulatory.

The U.S. economy created 163,000 non-farm jobs in July, according to the Labor Department. That's better than economists expected, but still about 12 million short of what the economy needs to get back to normal.

FRIDAY, August 3, 2012 - Sales at retailers were a mixed bag in July. The 18 companies tracked by Thomson Reuters reported a 4.6% rise in same-store sales, higher than in June but less than the 5.0% rate in July of last year. Several retailers posted strong sales, though some struggled before the key back-to-school season. Weak spending is one of the biggest drags on the economy.

THURSDAY, July 5, 2012 - Oil and gas companies are drilling fewer wells. There were 1,959 rigs operating onshore in the U.S. last week, down seven from a week earlier and 67 fewer than in early November. The low price of natural gas has driven a 43% drop in gas drilling in recent months, as companies redirected their efforts to more-valuable oil. But now oil drilling is also flattening out amid falling crude prices.