The Week in Review from Valeo Financial Advisors (August 2, 2013)
August 2, 2013    Disclosures    POSTED IN  Economy

US Economy

  • US GDP (economic growth) showed small gains in the second quarter, economists predict that things will continue to improve as the year goes on USA Today
  • ISM Manufacturing Index rose to a level of 55.4 in July, showing an expanding US manufacturing sector MarketWatch

Employment & Income

  • Jobless claims reach their lowest levels since January 2008 MSNBC
  • US unemployment rate falls to lowest rate in over four years, but fewer jobs were created than expected NBC
  • US Personal Income climbed by a less-than-expected rate of 0.3% compared to a 0.5% increase in spending Bloomberg
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