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, 2017Economy News Updates
Dallas Fed: Harvey’s Economic Damage Temporary; Recovery Boosts Demand
It appears Hurricane Harvey will inflict little long-term disruption on the Texas regional economy, which continued to expand at a “moderate pace” over the past six weeks despite the giant storm, according to a report Oct. 18 from the Federal Reserve Bank of Dallas.
October 19, 2017Economic Expectations Sour in October; Weekly Comfort Rises
Americans grew more pessimistic this month about the direction of the economy, though a measure of consumer sentiment rose in the most recent week, Bloomberg Consumer Comfort Index figures showed Oct. 19.
October 19, 2017Fewest Jobless Claims Since 1973 Show Firm Job Market
Filings for unemployment benefits plunged last week to the lowest level since 1973 as workers affected by hurricanes Harvey and Irma continued to return to their jobs, Labor Department figures showed Oct. 19.
October 19, 2017Drop in September ý Starts Reflects Slump in South
A larger-than-forecast decline in U.S. new- home construction reflected the weakest pace of building in the South since October 2015, showing the fallout from hurricanes Harvey and Irma, according to government figures Oct. 18.
October 18, 2017ýbuilders Gauge at Five-Month High Shows Storm Recovery
A rebound in homebuilders’ confidence to a five-month high indicates concern over fallout from major hurricanes has been alleviated, according to data Oct. 17 from the National Association of ý Builders/Wells Fargo.
October 17, 2017Driverless Cars Will Open the Door to a Building Spree
Even as reclaimed parking spaces fuel a downtown building boom, autonomous vehicles will encourage builders to push deeper into the exurban fringe, confident that homebuyers will tolerate longer commutes now that they don’t have to drive, according to the report, sponsored by a unit of Capital One Financial Corp.
October 17, 2017Manufacturing Output Rises as Impact From Hurricanes Fades
U.S. factory production rose last month for the first time since June, a sign the industry is starting to regain its footing after the damage from hurricanes Harvey and Irma, Federal Reserve data showed Oct. 17.<
October 17, 2017Consumer Sentiment Unexpectedly Surges to 13-Year High
U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Oct. 13.
October 13, 2017US Core Inflation Misses Estimates; Energy Boosts Main Gauge
U.S. inflation excluding food and fuel was below estimates for the sixth time in seven months, even as a hurricane-driven spike in energy prices boosted the overall cost of living by the most since January, a Labor Department report showed Oct. 13.
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