Friday, July 08, 2005

Quick Overview

  • Inventories at U.S. wholesalers rose 0.1% in May, the Commerce Department said Friday, the 16th straight rise in stockpiles.

  • The number of unemployed in the United States fell in June as employers hired 146,000 workers, the Labor Department said Friday, pushing the overall unemployment rate down to 5%, its lowest in nearly four years.

  • Farmers in the eastern half of the Midwestern U.S. are hoping to get some rain out of Hurricane Dennis. According to the current forecast, Dennis is taking the same track as Hurricane Ivan did last fall.

  • G8 members said that they decided to end export subsidies for farm products. Conveniently, no date was set.

  • London copper inventories now stand at 29,150 tons . Down from 49,375 tons at the beginning of the year.

  • Canada's unemployment rate improved from 6.8% to 6.7% in June,

  • The Conference Board said that the leading economic index for Japan was down 0.2% in May to 98.0.

  • The amount of freight hauled by intermodal rail cars rose 4% in June, according to a report by the Association of American Railroads.

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