US Economic Growth Cools on Biggest Trade Drag Since 2010
U.S. economic growth slowed last quarter more than forecast on the biggest drag from trade in six years and more moderate consumer spending. However, business investment picked up, which may be a harbinger for faster expansion in 2017.
Housing Starts Rose More Than Expected in December
Builders broke ground in December on more U.S. homes than forecast as a jump in apartment construction helped cap the seventh straight yearly increase, a report from the Commerce Department showed Jan. 19.
Consumer Prices Rise for Fifth Month on Shelter, Gas
The cost of living in the United States climbed for a fifth month on the back of shelter and fuel prices, pushing inflation closer to the Federal Reserve’s goal.
Americans See Enduring Wage Gains as Labor Market Tightens
After six straight years of annual job gains topping 2 million, America’s labor market is as tight as ever, and it’s entering the next phase: an enduring pickup in wages.
Companies Added 153,000 Employees in December, Says ADP
Companies added fewer jobs than forecast in December, data from the ADP Research Institute in Roseland, New Jersey, showed Jan. 5.
Household, Nonprofit Group Wealth Rises $1.59 Trillion in Third Quarter
Household wealth in the United States accelerated in the third quarter, driven by higher financial assets and real estate values, figures from the Federal Reserve showed Dec. 8.
Applications for Jobless Benefits Fell in Latest Week
Fewer Americans filed applications for unemployment benefits last week, reinforcing the picture of a healthy job market.
Companies in US Added 216,000 Employees in November, ADP Says
Companies in November added the most workers to U.S. payrolls since June, data from the ADP Research Institute in Roseland, New Jersey, showed Nov. 30.
Orders for Capital Goods Rise for Fourth Month in Last Five
Orders for U.S. business equipment climbed in October for the fourth month in the last five and sales also advanced, indicating corporate investment may be starting to thaw.
Existing Home Sales Climb to Highest Level Since Early 2007
Sales of previously owned U.S. homes unexpectedly climbed in October to the highest level since February 2007, a sign of momentum in the housing market a month before a jump in borrowing costs, National Association of Realtors data showed Nov. 22.