Saturday, July 07, 2007

Economic Week in Review

From Vanguard's weekly report on the U.S. economy and financial markets:

Summary: Economic news was good overall as Americans celebrated the nation's birthday. June's unemployment rate at 4.5% was unchanged as services industry continued to add workers to payrolls. Indexes of both the manufacturing and services sectors rose in June to their highest levels since early 2006. Factory orders slowed in May, though not nearly as much as predicted. For the week, the S&P 500 Index rose 1.8% to 1,530. The yield of the 10-year U.S. Treasury note climbed 16 basis points to 5.19%.

Read more here.


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