The big economic news for the week was the December jobs report but despite a stronger than expected labor report, U.S. stocks ended mostly lower on Friday. For the week, the Dow edged up 0.6%, the S&P 500 added 1.1% and the Nasdaq gained 2.3%. On the commercial real estate front, REIS reported office vacancies declined in the fourth quarter of 2011 which was also the case for the Houston Office Market.
Below are links to the top economics news for the week:
- BLS: Economy Adds 200,000 Jobs in December
- Weekly US oil and gas rig count unchanged
- Office Vacancies in the U.S. Decline as Economy Recovers Slowly
- ADP – 325,000 Private Sector Jobs for December 2011
- How did job cuts fare this year and what is in store for 2012?
- Jobless Claims Improve
- December 2011 Non-Manufacturing ISM Report On Business
- The Texas economy grew at a moderate pace in November
- Containerized Imports Rose 5 Percent in November
- CFO 2012 Outlook Survey
- Unemployment Rates Drop in Most Cities
- Construction Spending in U.S. Climbs 1.2%
- ISM Manufacturing index indicates faster expansion in December