Economic Indexes

Energy companies and banks fall as US stocks turn lower

Mar 20th, 2017 | By
Trader Tommy Kalikas works on the floor of the New York Stock Exchange, Wednesday, Jan. 6, 2016. U.S. stocks dropped Wednesday as investors fretted about signs of belligerence from North Korea and more weakening of China's economy, which pummeled energy companies.  (AP Photo/Richard Drew)

By Marley Jay/AP Markets Writer NEW YORK (AP) — Major U.S. indexes are drifting lower in afternoon trading Monday as energy companies fall with oil prices and banks slip along with bond yields. European markets mostly fell after the British government said it will formally begin the process of leaving the European Union next week.
[continue reading…]



US jobless claims drop to lowest level since 1973

Mar 2nd, 2017 | By
(Submitted Photo)

By Paul Wiseman/AP Economics Writer WASHINGTON (AP) — Just 223,000 Americans applied for unemployment benefits last week, fewest in nearly 44 years. THE NUMBERS: The Labor Department says unemployment claims dropped by 19,000 from 242,000 the previous week to the lowest level since March 1973 when Richard Nixon was president. The four-week average, which is
[continue reading…]



Idaho unemployment rate drops to 3.7 percent

Jan 23rd, 2017 | By
3.7 Unemployment

The unemployment rate in Idaho ticked even lower in December, to 3.7 percent, after five straight months at 3.8 percent. A year ago the seasonally adjusted jobless rate was 3.9 percent. The total number of people working in Idaho increased by about 300, to 784,200, the Idaho Labor Department said Friday. The state’s labor force
[continue reading…]



Idaho’s Second Quarter 2016 Wages Show 4.2 Percent Increase over 2015

Jan 10th, 2017 | By
personal-income-map-dec-20

Press Release Idaho’s private sector average weekly wage grew by $30 between the second quarters of 2015 and 2016 to $743. The state’s 4.2 percent over-the-year increase during the second quarter of 2016 was twice the national average rate of 2.1 percent and put Idaho in fourth place behind Washington, New Hampshire and Oregon in
[continue reading…]



Idaho Population Growth Strongest Since 2008

Jan 10th, 2017 | By
People in a group population

Press Release Idaho’s population grew by 1.8 percent between mid-2015 and mid-2016, the third strongest increase of all states and 1.1 percentage point ahead of the national growth rate. According to the U.S. Census Bureau, the state’s population was 1,683,140 as of July 1, 2016, an estimated increase of more than 30,300. This was the
[continue reading…]



Credit card spending jumped in November

Jan 9th, 2017 | By
Consumer Spending Credit Card

By Martin Crutsinger/AP Economics Writer WASHINGTON (AP) — Consumers increased their borrowing in November at the fastest pace in three months. Total borrowing in November climbed $24.5 billion, compared to a smaller $16.2 billion in October, the Federal Reserve reported Monday. The increase pushed total debt to a fresh record of $3.75 trillion. The acceleration
[continue reading…]



US consumer spending, incomes rose in October

Nov 30th, 2016 | By
AP PHOTO
   In this photo of Oct. 12, customers shop for Rudsak shoes at Macy’s shoe department in New York. Shoes are coming out of the closet and landing under the Christmas tree. They’re a top seller this holiday season — a big feat considering they don’t usually make peoples’ gift lists.

By MARTIN CRUTSINGER,  AP Economics Writer WASHINGTON (AP) — U.S. consumers boosted their spending again in October, while their incomes increased at the fastest clip in six months. A key gauge of inflation watched by the Federal Reserve posted the fastest 12-month gain in two years. Consumer spending increased 0.3 percent in October after a
[continue reading…]



US home sales reach strongest pace in nearly a decade

Nov 22nd, 2016 | By
Home for Sale

By JOSH BOAK,  AP Economics Writer WASHINGTON (AP) — Americans bought homes in October at the fastest pace in nearly decade, helped out by low mortgage rates that have since started to climb following the presidential election of Donald Trump. The National Association of Realtors said Tuesday that sales of existing homes rose 2 percent
[continue reading…]



Cost of a classic Thanksgiving drops

Nov 22nd, 2016 | By
thanksgiving graphic_1

By Sarah Glenn/For the Journal POCATELLO – As turkeys fill grocery store refrigerators and cans of cranberry sauce fly off the shelves, shoppers can expect the cost of their Thanksgiving dinner to be a few cents lower this year due to falling food prices. The American Farm Bureau Federation’s 31st annual Thanksgiving dinner informal price
[continue reading…]



US Homebuilder Confidence Holds Steady In November

Nov 16th, 2016 | By
Photo by Doug Lindley/ Signs of new construction

By ALEX VEIGA,  AP Business Writer U.S. homebuilders’ confidence held steady this month, though their expectations for sales into next year dimmed slightly. The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday was unchanged at 63. That’s two points below September’s reading, which was the highest in nearly a year, and up
[continue reading…]