Productivity Jumps 5.2% in 4Q, Revised Report Says

A combination of increased output and reduced employment sent the productivity of U.S. workers and businesses, as reported by the Labor Department Thursday, up 5.2% in the fourth quarter of 2001, revised from a previously reported 3.5% figure..

Sean McNally | Staff Reporter
March 7, 2002

U.S. Factory Orders Jump in January

The number of orders received by U.S. factories rose 1.6% in January, a government report released Wednesday said.

Sean McNally | Staff Reporter
March 6, 2002

ISM Non-Manufacturing Index Rises Sharply in February

A measure of the U.S. services sector jumped sharply in February, recovering from a slight dip in the previous month, a leading economic research group said Tuesday..

Sean McNally | Staff Reporter
March 5, 2002

New Home Sales Plunge 14.8% in January

Failing to match 2001’s record performance, sales of new homes plummeted 14.8% in January compared with December, the Commerce Department reported Wednesday. It was the biggest single-month decline in eight years.

Sean McNally | Staff Reporter
February 27, 2002

Durables Orders Post Back-to-Back Gains

Orders for durable goods increased 2.6% in January, the Commerce Department reported – marking the second monthly increase in a row and suggesting that the manufacturing sector may be pulling out of its nearly 18-month slum.

Sean McNally | Staff Reporter
February 27, 2002

Existing Home Sales Make Record Gain in January

The sale of previously owned houses skyrocketed 16.2% in January, its third straight increase, an industry report said Monday.

Sean McNally | Staff Reporter
February 25, 2002

Economist Groups See Rosier Economic Future

The National Association for Business Economics and a separate survey of economists by the Federal Reserve Bank of Philadelphia both said Friday they were leaning toward declaring an end to the U.S. recession, or at least that it will soon be ending.

Sean McNally | Staff Reporter
February 22, 2002

Philly Fed Reports Second Manufacturing Gain

Manufacturing in the Philadelphia area picked up for the second straight month, marking the first back-to-back increases since September 2000, the regional Federal Reserve bank there reported Thursday.

Sean McNally | Staff Reporter
February 21, 2002

U.S. Leading Indicators Rise for Fourth Straight Month

Adding to mounting evidence that the recession is ending, the U.S. index of leading economic indicators rose in January for the fourth consecutive month, while first-time unemployment claims last week rose slightly.

Sean McNally | Staff Reporter
February 21, 2002

Housing Starts Surge 6.3% in January

The number of new homes being built in the United States exceeded analysts’ expectations in January, jumping 6.3% to an annual rate of 1.678 million, the Department of Commerce reported Tuesday.

Sean McNally | Staff Reporter
February 19, 2002