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FRBSF University Symposium

FRBSF University Symposium. Board of Governors Ben S. Bernanke, Chairman Darrin Howard Quang Le Layla Mansfield Nabiha Parvez Michelle Staples. Labor. Unemployment 4.4% Average Hourly Earnings Increased 3.9% Non-farm Payrolls 92,000 Jobs. Source: Bureau of Labor Statistics.

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FRBSF University Symposium

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  1. FRBSF University Symposium • Board of Governors • Ben S. Bernanke, Chairman • Darrin Howard • Quang Le • Layla Mansfield • Nabiha Parvez • Michelle Staples

  2. Labor • Unemployment • 4.4% • Average Hourly Earnings • Increased 3.9% • Non-farm Payrolls • 92,000 Jobs Source: Bureau of Labor Statistics

  3. Gross Domestic Product • 3rd Quarter • Real GDP • Increased 2.2% • Real Personal Consumption • Expenditures • Increased 2.9% Source: Bureau of Labor Statistics

  4. Balance of Payments • Account Deficit • 6.6% of GDP Source: Bureau of Labor Statistics

  5. Energy

  6. Inflation • Durable Goods • New orders • Decreased 8.3% • Inventories • Increased 0.7% • CPI • Decreased 0.5%

  7. FRBSF University Symposium Housing • New Housing Starts • Down 15% to the lowest level in more than six years • Privately owned starts • 14.6% (±7.6%) below the revised September estimate. • 27.4% (±5.3%) below the October 2005 rate. • Single-family starts • 15.9% (±7.4%) below the September figure • Median price for new homes • 10% decrease over the past 12 months • Foreclosures • 42% increase from last year.

  8. FRBSF University Symposium • Board of Governors • Ben S. Bernanke, Chairman • Darrin Howard • Quang Le • Layla Mansfield • Nabiha Parvez • Michelle Staples

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