Economic Summary
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CPI Down .33% From Last April
May 8, 2009
The U.S. Consumer Price Index (CPI) moved form 212.7 in March to finish up .14% in April at 213.0. Last April CPI was at 213.7 this translates into a negative or deflationary rate of .33% for over the past year.
Note: Pink band indicates recessionary period.
Personal Income Up 4.4% Over Last Year
May 8, 2009
Personal Income (PI) was 12,127.7 in the fourth quarter in 2008 down .35% from 12,170.4 in the third quarter. It is expected to rebound slightly in the first quarter of 2009. Personal Income is up 4.4% over the fourth quarter of 2007. 
Note: Pink band indicates recessionary period.
Unemployment Continues to Climb
May 8, 2009
The U.S. Unemployment Rate went from to 8.1% in February to end March at 8.5% up 4.9% and climbing. This time last year the Unemployment Rate was at 5.1% a 67% increase in the past 12 months.
Note: Pink band indicates recessionary period.
Oil Prices Almost at $50
May 8, 2009
The price of West Texas Crude finished April at $49.60 up from $48 in March. Last April oil prices headed for the sky ending at $112.60.
Note: Pink band indicates recessionary period.
U.S. GDP Down
May 8, 2009
Fourth quarter GDP at, 11,522.1, dropped 1.6% from its high of 11,722.4 in the third quarter. GDP is down .85% from last years 11,620.7 levels.
Note: Pink band indicates recessionary period.
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Business/News & Views® / by David. W. Weatherholt
ISBN: 978-0-9823041-1-2 (electronic format)
Published in the United States of America through www.waconsult.com
Published in an electronic format by Weatherholt & Associates, LLC
First Trade Publishing: October 2008
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