US Growth Cools to 2.3% While Compensation Costs Accelerate
U.S. economic growth cooled last quarter as consumers pulled back after outsize spending in the prior period, though solid business investment cushioned some of the weakness and employee-compensation costs accelerated amid a tight job market.
Economic Growth Revised Higher on Spending, Inventories
The U.S. economy grew in the fourth quarter at a faster pace than last estimated, helped by an upward revision to household spending on services and a smaller drag from inventories, according to Commerce Department data released March 28.
Output at Manufacturers Was Unchanged for Second Month
U.S. factory output was unchanged in January for a second month after a run of healthy advances consistent with ongoing expansion in the industry, Federal Reserve data showed Feb. 15.
Job Openings Cooled in October After Climbing to a Record
U.S. job openings unexpectedly cooled in October from an all-time high a month earlier, still consistent with a solid job market, Labor Department data showed Dec. 11.
US Trade Deficit Is Widest Since January
The U.S. trade deficit widened in October to a nine-month high on record imports that reflect steady domestic demand, Commerce Department data showed Dec. 5.
Jobless Claims at Six-Week High Amid Holiday Volatility
U.S. filings for Unemployment benefits rose to a six-week high, a move that may partly owe to volatility around the Veterans Day holiday, Labor Department figures showed Nov. 16.
Steady Consumer Comfort Signals Sustained Economic Growth
Americans’ confidence hovered near a decade high last week, indicating consumers remain upbeat about the U.S. economic outlook, Bloomberg Consumer Comfort Index figures showed June 15.
Drop in Retail Sales Signals Uneven Consumer Spending
U.S. retail sales fell in May by the most since the start of 2016, reflecting broad declines in categories such as motor vehicles and electronics, Commerce Department figures showed June 14.
Infrastructure Boost Fades in US Economic-Growth Forecasts
President Donald Trump is stepping up the fanfare around his $1 trillion infrastructure proposal, but the plan is fast becoming a nonfactor in forecasts for U.S. economic growth.
Elevated US Consumer Comfort Index Signals Sustained Growth
Americans’ confidence hovering near a decade high bodes well for sustained expansion in the U.S. economy, Bloomberg Consumer Comfort Index figures showed June 8.