The Week in Review from Valeo Financial Advisors (May 3, 2013)
U.S. Economy
- Corporate profits after tax relative to the size of the U.S. economy hit a 65 year high at the end of last year. Chart: Valeo Financial Advisors
- U.S. consumer confidence jumps to 68.1 in April on better outlook for hiring and expectations for higher pay. CNBC
- The Case-Shiller home-price index up 9.3% from a year ago year over year growth is highest since 2006 MarketWatch
Unemployment
- Payrolls in U.S. rise 165,000 as unemployment drops to 7.5%, the lowest rate since December 2008 Bloomberg
- Spring 2010 unemployment rates in U.S. & the euro zone were nearly the same at about 10%. Now U.S.=7.5% Europe=12.1% The Economist
- Euro-area jobless rate rises to record 12.1% in March | Bloomberg
Etcetera
- What food could you buy with $5 in different countries? The Economist
- Video provides more information about what the redesigned $100 note will look like and when it will begin circulating: The U.S. Federal Reserve