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Economics Call October 5, 2009. Manufacturing Index Fell from 52.9 to 52.6 –However this is still expanding because it is greater than 50 ISM non manufacturing.

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Presentation on theme: "Economics Call October 5, 2009. Manufacturing Index Fell from 52.9 to 52.6 –However this is still expanding because it is greater than 50 ISM non manufacturing."— Presentation transcript:

1 Economics Call October 5, 2009

2 Manufacturing Index Fell from 52.9 to 52.6 –However this is still expanding because it is greater than 50 ISM non manufacturing was at 50.9 –It was expected to be around 50 –Last month it was 48.4 263,000 non-farm payroll job lost, this was an increase of 62,000 Unemployment rose to 9.8% Average weekly hours worked fell.1 to 39.8 Economics Data:

3 Auto Sales declined slightly in September after cash for clunkers expired S&P has fallen for the second week in a row and declined 4.4% from its high –According to Bill Carter this is very mild, even a 8-10% correction would be a minor correction Yield on the 10-year Treasury dropped 30 basis points Earnings reporting starting this week with Alcoa on Wednesday –Excepting a 9% drop in the third quarter which is less than the 19% drop in the second quarter Dollar Continues to Weaken Initial Unemployment on Thursday Trade Numbers on Friday Economics Data


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