Intraday Economic News: Wholesale Sales Up 0.5% Month-Over-Month In March As Wholesale Inventories Rise 0.3% May 12
- Language: English
- Published: May 2012
Payrolls rose 162,000 in March. Temporary Census hires accounted for only 48,000 of the increase, while private payrolls increased 123,000. (Watch the related video titled, "Economic Update: Spring Has Sprung," dated April 7, 2010.) Construction and manufacturing both saw increases in employment. Other economic releases this week included: The unemployment rate held at 9.7% in March. Home prices edged up 0.3% on a seasonally adjusted basis in January, according to the S&P/Case-Shiller Home Price Index. Consumer spending rose 0.3% in February, while incomes were flat. Sales of light motor vehicles jumped to an 11.8 million annual rate in March from 10.4 million in February. Consumer confidence (Conference Board) jumped 6.1 to 52.5 in March. Factory orders rose 0.6% in February,...
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