Housing Starts Climb to Nearly Eight-Year High
New home construction in the United States climbed in July to the highest level in almost eight years, indicating the industry will pick up in the second half of the year.
Factory Production Rises on Record Vehicle Assembly
Factory production rose more than economists forecast in July on record automobile assembly, indicating American manufacturing is regaining its footing after a slowdown.
Productivity Barely Rebounds After Earlier Slump
Worker productivity struggled to gain traction in the second quarter after slumping over the previous six months, leaving intact the diminished efficiency that’s defined the current U.S. economic expansion.
Manufacturing Cooled in July Following Five-Month High
Manufacturing in the United States cooled in July from the highest level in five months, a sign of fitful progress in the industry.
Payrolls Rise in 31 States, Led by New York
Payrolls increased in 31 states in June, and the unemployment rate fell in 21 as the labor market made strides across the nation.
Record Job Openings Bolster Optimism About Economy
The U.S. labor market has tilted sharply toward job hunters as unfilled openings hit a record high in May, reinforcing signs of corporate optimism about the economy’s prospects.
Companies Add 237,000 Workers to Payrolls, Says ADP
Companies in the United States boosted employment in June by the most in six months, signaling the job market is strengthening, according to a private report based on payrolls.
Consumers Help GDP Contract Less Than Last Estimated
The world’s largest economy shrank in the first quarter, just not as much as previously estimated, with the help of a bigger gain in consumer spending.
Cost-of-Living Increases Less Than Forecast in May
The cost of living in the United States excluding food and fuel rose less than forecast in May, a sign inflation may take time to meet the Federal Reserve’s goal.
Jobless Claims Hold Below 300,000 for 14th Week
Applications for unemployment benefits remained below 300,000 for a 14th straight week, a sign of labor market strength that will help fuel economic growth.