NEWS FOR THE WEEK OF MARCH 27
In The First 5 Months Of FY 2006 (Through Feb.)
Overall Federal Revenues Were Up 10.3% Over The
Same Time In FY 2005. (Editorial, “Beltway Windfall,” The Wall
Street Journal, 3/23/06)
• Corporate Income Tax Revenues Are Up 30%
While Individual Income Tax Revenues Are Up
10.3%. (Editorial, “Beltway Windfall,” The Wall Street
Journal, 3/23/06)
• Federal Revenues Were Up 15% In FY 2005.
(Editorial, “Beltway Windfall,” The Wall Street Journal,
3/23/06)
Employment Increased In 41 States In Feb. (Bureau Of
Labor Statistics, “Regional And State Employment And
Unemployment: February 2006,” Press Release, 3/30/06)
• Between Feb. 2005 And Feb. 2006, Employment
Increased In 48 States. (Bureau Of Labor Statistics,
“Regional And State Employment And Unemployment:
February 2006,” Press Release, 3/30/06)
Jobless Rates Fell In 39 States Between Feb. 2005
And Feb. 2006. (Bureau Of Labor Statistics, “Regional And State
Employment And Unemployment: February 2006,” Press Release,
3/30/06)
New Claims For Jobless Benefits Fell 10,000 For The
Week Ending Mar. 25 – The 4-Week Average Fell 1,500.
(“U.S. Jobless Claims Fall To 302,000,” MarketWatch, 3/30/06)
• The 4-Week Average For Continuing Claims
Stayed At A 5-Year Low. (“U.S. Jobless Claims Fall To
302,000,” MarketWatch, 3/30/06)
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The Conference Board’s March Index Of Consumer
Confidence Was At Its Highest Level – 107.2 – Since
May 2002. (“Consumer Confidence At Highest Point In Almost 4
Years,” USA Today, 3/29/06)
• 28.4% Of Consumers Said Jobs Were
“Plentiful,” The Highest Since Aug. 2001.
(“Consumer Confidence At Highest Point In Almost 4 Years,”
USA Today, 3/29/06)
The Univ. Of Michigan Consumer Sentiment Index
Rose To 88.9 In Late March. (“Consumer Sentiment Rises In
Late March,” MarketWatch, 3/31/06)
The Nasdaq Hit Its Highest Level In More Than 5 Years
Wednesday And Finished Up Again Thursday. (“Nasdaq
Ready To Rumble Ahead,” USA Today, 3/30/06; “Stocks Decline On
Rate Worries,” USA Today, 3/31/06)
The Chicago PMI, A Gauge Of Business Activity In The
Area, Rose To 60.4% In March (Readings Above 50%
Indicate Most Businesses Are Expanding). (“Chicago
Business Gauge Rises In March,” MarketWatch, 3/31/06)
The U.S. Economy Grew 3.5% In 2005. (“Fourth-Quarter
GDP Revised Up To 1.7%,” MarketWatch, 3/30/06)
The 4th Quarter Growth Rate Was Revised Up To 1.7%.
(“Fourth-Quarter GDP Revised Up To 1.7%,” MarketWatch, 3/30/06)
• Economists Said The One-Quarter Slump Was
Due To Factors “That Have Already Faded”
And Expect The Economy To Grow 4.6% For
The 1st Quarter Of 2006. (“Fourth-Quarter GDP
Revised Up To 1.7%,” MarketWatch, 3/30/06)