The equity markets performed well this week as the Dow rallied 7%, its biggest weekly gain since July 2009, while the S&P 500 climbed 7.4%, its best weekly performance since March 2009. The Nasdaq rose 7.6%, delivering its second-best weekly rise this year.
Below are links to the top economics news for the week:
- US drilling rig count falls below 2,000 units
- U.S. employers, continuing a pattern of modest hiring
- November retail sales gain solid 3.1%
- Construction Spending increased in October
- ISM Manufacturing index indicates slightly faster expansion in November
- Small Business Employment Picks Up
- Fed Beige Book: Slow to Moderate Economic Growth
- Weekly Initial Unemployment Claims increase to 402,000
- Restaurant Performance Index Essentially Unchanged in October
- November Layoffs Remain Flat From October
- ADP reports private-sector employment increased by 206,000 from October to November
- Pending Home Sales Jump in October
- Case Shiller: Home Prices declined in September
- Texas Service Sector Activity Continues to Grow
- Texas Manufacturing Activity Declines
- Philly Fed State Coincident Indexes increase in October
- Consumer Debt Falls in Third Quarter
- New Home Sales Up in October
- Productivity rose 2.3 percent in the nonfarm business sector in third quarter 2011
