Monday Market Rundown
Here’s our Monday rundown of the economic news released last week:
Productivity. U.S. worker productivity fell two percent in the final quarter of 2012 and was up just one percent for all of 2012.
Unemployment Benefits. For the week ending Feb. 2, 366,000 Americans filed for unemployment benefits for the first time, a 5,000 decline from the week before.
Foreign Trade. The U.S. trade deficit with other nations fell more than $10 billion in December, from $48.6 billion in November to $38.5 billion. The trade deficit for all of 2012 was down $19 billion from 2011.
Factory Orders. Factory orders increased 1.8 percent in December 2012 from the month before. Total factory orders increased three percent between 2011 and 2012.
Wholesale Inventories & Trade. Wholesale inventories rose 0.1 percent in December and sales were flat. The anemic numbers could hamper economic growth for the last quarter of 2012.
Auto Sales. Auto sales in the nation increased 14.2 percent between January 2012 and January 2013.