Service Industries Grow at Fastest Pace in 13 Months
America’s service industries expanded in November at the fastest clip since October last year, putting the economy’s biggest sector on a robust growth path.
Jobless Claims Increase to Highest Level Since June
The most Americans since June filed for U.S. unemployment benefits last week, indicating a possible pause in progress in the labor market.
Pending Sales of Existing Homes Rise Marginally in October
Contracts to purchase previously owned U.S. homes increased marginally in October as a strong labor market and growing wages continue to support demand, according to figures released Nov. 30 from the National Association of Realtors in Washington.
Consumer Confidence Rises to a Nine-Year High
Consumer confidence rose in November to the highest level since July 2007 on increased optimism about the U.S. labor market and economy, according to a report Nov. 29 from the New York-based Conference Board.
Consumer Sentiment Jumps After Trump Election Victory
Consumer confidence rose more than previously reported to a six-month high in November, showing Americans became more optimistic about their finances and the economy after Donald Trump won the presidential election.
Jobless Claims Rebound After Plunging to Four-Decade Low
Filings for unemployment benefits in the United States rebounded last week from a four-decade low while remaining consistent with a firm labor market.
Jobless Claims Decline to Lowest Level in Four Decades
The fewest Americans since 1973 filed for unemployment benefits last week, a sign that the U.S. labor market is getting tighter.
Wholesale Prices in US Were Weaker Than Forecast in October
Wholesale prices in the United States were unexpectedly weak in October as declines in the costs of services offset increases in goods, a sign inflation is struggling to gain traction.
Jobless Claims in US Declined Ahead of Presidential Election
Filings for U.S. unemployment benefits declined from an almost three-month high ahead of the presidential election, indicating the job market remains competitive for employers.
Consumer Comfort Climbs on Brighter Views About Economy
Consumer confidence increased last week to the highest in more than two months as Americans were more upbeat about the economy than at any time since early 2016, figures from the weekly Bloomberg News Consumer Comfort Index showed Nov. 3.