Truth in Wealth Building

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Dismal Hiring Number

US index futures were trading at seven-month highs this morning, at least until this morning’s jobs number offered a major disappointment.  Companies slowed their hiring drastically in May, as people dropped out of the labor force, a bleak picture for Fed officials as they prepare to debate increasing short-term interest rates at a policy meeting…

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Layoffs at Five Month Lows

The ISM manufacturing index was 51.3 in May showing expansion. April construction spending fell 1.8%. In China, their manufacturing PMI fell to 49.2 in May, below the neutral 50 value for the 15th-straight month. (CNBC) Consumers were feeling less optimistic for the second month in a row with the Consumer Confidence Index falling to 92.6…

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Lots of consumer data

The S&P/Case-Shiller Home Price Index rose by 5.4% in March from the same time last year. Limited supply of homes on the market is supporting price gains. The biggest gains continue to be found in the Pacific Northwest where in Portland prices rose 12.3% year over year. Seattle rose 10.8% and Denver up 10%. (CNBC)…

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The end of another month

It is the last trading day of May. The Dow is set to post its fourth straight monthly advance, while the S&P 500 and Nasdaq appear set to mark a third straight month of gains. (CNBC) Economic growth slowed in the first quarter although not as sharply as initially thought. Gross domestic product rose at…

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Financial Focus Radio Show Hour 2

Keep the truth in Wealth Building going strong. Listen to hour 2 of the May 28th show right now.

Another Oregon Company Gets Bought

Orders for manufactured goods surged in April, but continued to see weakness in business spending. Durable goods orders jumped 3.4% last month after an upwardly revised 1.9% increase in March. Manufacturing accounts for 12% of the economy. (Commerce Department) U.S. home sales in April rose 5.1% moth over month, hitting the highest level in a…

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