Economy News Updates

Business

°®¶¹´«Ã½-Price Gains in 20 US Cities Showed Acceleration in August

°®¶¹´«Ã½-price gains in 20 U.S. cities accelerated in August amid tight inventories and steady economic growth, figures from S&P CoreLogic Case-Shiller showed Oct. 31.

October 31, 2017
Business

Employment Costs Pick Up on Faster Wage Gains at Factories

U.S. employment costs picked up in the third quarter from the previous three months, helped in part by faster wage gains in manufacturing, the Labor Department said Oct. 31.

October 31, 2017
Business

US Consumer Sentiment Rises to Highest Since Early 2004

Consumer sentiment climbed in October to the highest level since the start of 2004 as households grew upbeat about the outlook for the U.S. economy, a University of Michigan survey showed Oct. 27.

October 27, 2017
Business

US Growth at Above-Forecast 3% on Consumers and Businesses

The U.S. economy expanded at a faster pace than forecast in the third quarter, indicating resilient demand from consumers and businesses even with the hit from hurricanes Harvey and Irma, Commerce Department data showed Oct. 27.

October 27, 2017
Business

Consumer Comfort Little Changed; Partisan Divide Widens

Americans’ confidence held steady last week, remaining near the highest level of the expansion, as faith in the buying climate improved while views on the economy deteriorated, Bloomberg Consumer Comfort Index figures showed Oct. 26.

October 26, 2017

Jobless Claims in US Rose Last Week From a Four-Decade Low

U.S. filings for unemployment benefits rose last week from the lowest level since 1973, consistent with a steady job market, Labor Department figures showed Oct. 26.

October 26, 2017
Business, Logistics

US Goods-Trade Gap Widens to Four-Month High

The U.S. merchandise-trade deficit widened to a four-month high as imports rose for the first time since April, according to preliminary figures released Oct. 26 by the Commerce Department. The report also showed inventories increased at wholesalers and fell at retailers.

October 26, 2017
Business

New-°®¶¹´«Ã½ Sales Unexpectedly Jump to Highest Since 2007

U.S. purchases of new homes unexpectedly surged in September to the highest level in a decade as activity accelerated in the South after hurricanes Harvey and Irma, according to government data Oct. 25.

October 25, 2017
Business, Equipment

Gain in Equipment Orders Underscores Robust US Investment

U.S. orders for business equipment increased more than forecast in September, indicating solid investment momentum as the third quarter drew to a close, Commerce Department figures showed Oct. 25.

October 25, 2017
Government

US Posts Its Largest Budget Deficit Since 2013

The U.S. posted its largest budget deficit since 2013 in the fiscal year that just ended, as a pickup in spending exceeded revenue gains.

October 20, 2017