The oil producing countries of the world are continuing to crank out the crude despite a glut on the market. This continues to be good new for consumers at the gas pumps and for home heating oil prices this coming winter.
American business took on more new employees in November than had been previously predicted. The Labor Department announced on Friday that an additional 211,000 jobs were created last month.
The Labor Department released its numbers for initial unemployment claims on Thursday. The number rose by 9,000 but the government continues to be optimistic about the job market.
U.S. companies hired on more people than was expected for November. Despite the numbers, the economy continues to struggle in most areas and the future of hiring is looking grim by many accounts.
American CEOs continue to take a dim view of the strength of the American economy.
After several months of decline, pending sales of previously owned home rose in October. Though inventories have tightened and prices continue to rise, consumer confidence remains steady though cautious.
Early retail reports are not good as retail sales are not as robust as predicted. Also, the stress of the season has reared its ugly head all over the country as fights and brawls have broken out everywhere.
U.S. home sales fell in October after having made impressive gains all year long. Experts seem to think that people are balking as prices for homes have risen over the past couple of months.
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