Jobless Claims Declined More Than Forecast Last Week
Filings for U.S. unemployment benefits dropped more than forecast last week, consistent with a robust labor market, a Labor Department report showed May 4.
Service Industries Expand at Faster Pace Than Projected
America’s service industries expanded more than projected in April as a measure of orders reached the highest level since 2005, a survey from the Institute for Supply Management showed May 3.
Economy Expands at Slowest Pace in Three Years
The U.S. economy expanded at the slowest pace in three years as weak auto sales and lower home-heating bills dragged down consumer spending, offsetting a pickup in investment led by housing and oil drilling.
Consumer Sentiment Cooled in February on Views of Finances
Consumer confidence retreated in February from a 13-year high, as Americans tempered expectations of their finances and the economy.
Growth in Service Industries Was Steady in January
America’s service industries expanded in January at about the same pace as in December, indicating resilience in the biggest part of the economy.
Wholesale Prices Rise for Third Time in Four Months
Wholesale prices in the U.S. rose for the third time in four months, boosted by increasing fuel costs that are pushing inflation higher throughout the economy.
Applications for US Jobless Benefits Rise Less Than Expected
Fewer Americans than forecast filed applications for unemployment benefits last week, showing a healthy job market at the start of 2017.
Business Loves Trump But May Need Help to Start Spending Again
American companies are feeling confident again. Now it’s up to President-elect Donald Trump and Congress to get them spending again.
Job Openings Increase in November as Hiring Advances
Job openings ticked up in November as hiring expanded, signaling steady growth in U.S. employment, a Labor Department report showed Jan. 10.
The US Manufacturing Sector Is Still Just Plodding Along
America’s factories barely expanded in October as faster production cushioned a slowdown in orders that signals the manufacturing sector is plodding along.