Economy News Updates

Business

Unexpected Drop in Jobless Claims Shows Sturdy Job Market

Filings for jobless benefits in the U.S. unexpectedly settled back last week, underscoring a resilient labor market even as the Atlantic hurricane season introduces added volatility to the figures, Labor Department data showed Sept. 14.

September 14, 2017
Business

Wholesale Prices Increase on Jump in Energy Costs

Rising U.S. wholesale prices in August reflect the biggest jump in energy costs since January, while underlying inflation remained contained, a Labor Department report showed Sept. 13 in Washington.

September 13, 2017
Business

US Household Incomes Rose to Record in 2016 as Poverty Fell

The U.S. median household income rose to a record last year and the poverty rate fell, as steady economic growth helped improve the lot of more Americans, according to annual data from the U.S. Census Bureau released Sept. 12.

September 12, 2017
Business

Job Openings in US Increased to a Record in July

U.S. job openings unexpectedly rose to a record in July, indicating resilient demand for workers, Labor Department figures showed Sept. 12.

September 12, 2017
Business

US Trade Gap Widened by Less Than Forecast Ahead of Harvey

The U.S. trade deficit widened less than forecast in July as rising energy and aircraft exports helped offset drops in shipments of autos and household goods, Commerce Department data showed Sept. 6.

September 6, 2017
Business

Companies Add More Jobs Than Forecast, ADP Data Show

Companies added more workers than forecast in August, indicating the U.S. job market remains solid, according to data released Aug. 30 from the ADP Research Institute in Roseland, New Jersey.

August 30, 2017
Business

Second-Quarter Growth Revised to 3% in Momentum Boost

U.S. second-quarter growth was revised upward to the fastest pace in two years on stronger household spending and a bigger gain in business investment, putting the economy on a stronger track, Commerce Department data showed Aug. 30.

August 30, 2017
Business

Consumer Confidence Reaches Second-Highest Level Since 2000

A pickup in consumer confidence to the second-highest level since late 2000 provide a basis for steady gains in spending, according to figures Aug. 29 from the New York-based Conference Board.

August 29, 2017
Business

Lean Inventory Drives °®¶¹´«Ã½-Price Gain in 20 US Cities

Steady growth in home prices in 20 U.S. cities in June reflects a limited number of available houses for sale, according to S&P CoreLogic Case-Shiller data released Aug. 29. Nationwide, values posted their largest advance in three years.

August 29, 2017
Business, Fuel

Harvey Could Have Deep Impact on Texas Oil, US Economy

Massive flooding caused by Tropical Storm Harvey along Texas’ refinery-rich coast could have long-standing and far-reaching consequences for the state’s oil and gas industry and the larger U.S. economy.

August 27, 2017