Weekly Economic Review: 321,000 Jobs Added to Economy in November

Posted by Laine Smith on 12/7/14 8:00 PM

Topics: Economy

This past week mortgage rates rose slightly, with the national average up 0.10% from the week prior. The stock market had another slight increase and the economy added 321,000 jobs in November.

Economy_321k_jobs

Last week in the economy:

  • The S&P 500 started the week at 2,068 and climbed 0.36% to end the week at 2,075
  • The national average for mortgage rates rose slightly, 10 basis points (0.10%)
  • The economy added 321,000 jobs in November, which was the largest increase since January 2012
  • Non-Farm productivity is up 1% from the year prior

What's on the economic calendar for the week of December 8, 2014:

  • Thursday: Jobless claims and Retail Sales will be released
  • Friday: The Producer Price Index (PPI) will be released

 

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Our trusted source for all economic news is First Turst Portfolios out of Wheaton, IL. For greater insights on these figures check out their blog here.

 

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