NEWS FOR THE WEEK OF JULY 17

The FY 2006 Budget Deficit Is Expected To Be $296 Industrial Production Increased 0.8% In June. (“U.S.
Billion, 30% Lower Than The Prior Estimate Of $423 Industrial Output Jumps, Amid Strong Business Investment,” The Wall
Billion, And Only 2.3% Of Gross Domestic Product Street Journal, 7/18/06)
(GDP). (“Budget Deficit Drops To $296 Billion Under New White • Manufacturing Rose 0.7% And Is Up 5.7% Over
House Estimates,” The Associated Press, 7/11/06; Office Of The
Press Secretary, The White House, Fact Sheet, 7/11/06) The Year. (“U.S. Industrial Output Jumps, Amid Strong
Business Investment,” The Wall Street Journal, 7/18/06)
Tax Receipts For The First 9 Months Of The Year Were
Up $206 Billion Over The Same Time Last Year.
(“Surprising Jump In Tax Revenues Is Curbing Deficit,” The New York
Times, 7/9/06)

• Corporate Tax Receipts Are Up Nearly 26%.
(“Surprising Jump In Tax Revenues Is Curbing Deficit,” The
New York Times, 7/9/06)
The Federal Government Ran A Budget Surplus Of
$20.5 Billion In June. (“Budget Surplus Falls To $20.5 Billion In
June,” MarketWatch, 7/13/06)
Inflation Slowed In June As The Consumer Price Index
Increased Only 0.2%. (“Inflation Slows In May But Improvement
Expected To Be Temporary,” The Associated Press, 7/19/06)
Wages Were Up 4.6% In The 2nd Quarter Of This Year,
The Largest Quarterly Increase Since 1997. (Editorial,
“Good Jobs At Good Wages,” The Wall Street Journal, 7/11/06)

Median Household Net Worth Was Up 6.3% Between

March 2001 And May 2006. (Editorial, “Good Jobs At Good
Wages,” The Wall Street Journal, 7/11/06)

Total Worker Compensation (Wages, Benefits) Was Up

Between June 2005 And June 2006, Unemployment
7.4% Between March 2001 And May 2006. (Editorial, “Good
Rates Were Down In 40 States (Florida And South Jobs At Good Wages,” The Wall Street Journal, 7/11/06)
Dakota Had The Lowest Jobless Rates At 3%). (Bureau
Of Labor Statistics, Press Release, 7/21/06) The Commercial Real Estate Market Is The Strongest
In 5 Years As The U.S. Office Vacancy Rate Is Below
• 47 States Have Created Jobs In The Last Year.
(Bureau Of Labor Statistics, Press Release, 7/21/06)
14%. (“Commercial Real Estate Maintains Its Strength Despite a
Cooling Housing Market,” The Wall Street Journal, 7/10/06)
First Time Jobless Claims Declined By 30,000 During
U.S. Wholesale Sales Increased 1.6% In May. (“Wholesale
The Week Ending July 15. (“U.S. Weekly Jobless Claims Fall Inventories Tighten In May,” MarketWatch, 7/10/06)
Sharply,” MarketWatch, 7/20/06)

• The 4-Week Average Fell By 1,250. (“U.S. Weekly

Jobless Claims Fall Sharply,” MarketWatch, 7/20/06)

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