Manufacturing Expands at Fastest Pace Since May 2004
U.S. factories expanded in February at the fastest rate since May 2004, indicating sustained strength in manufacturing as demand remains solid, figures from the Institute for Supply Management showed March 1.
March 1, 2018Jobless Claims Drop to Lowest in Almost Five Decades
U.S. filings for unemployment benefits fell last week to the lowest level in almost five decades, indicating the job market remains tight, Labor Department figures showed March 1.
March 1, 2018Pending Home Sales Gauge Falls to Lowest Since 2014
A gauge of contracts to purchase previously-owned U.S. homes unexpectedly declined in January to a more than three-year low, reflecting a shortage of inventories and rising mortgage rates, according to data released Feb. 28 from the National Association of Realtors in Washington.
February 28, 2018US Fourth-Quarter Growth Revised Down to 2.5% Annual Pace
The U.S. economy’s growth rate last quarter was revised slightly downward as inventories subtracted more than previously estimated, Commerce Department data showed Feb. 28.
February 28, 2018Consumer Confidence Is at 17-Year High
U.S. consumer confidence jumped to a 17-year high as optimism about employment prospects grew and Americans began seeing additional money in their paychecks from recently enacted tax cuts, data from the New York-based Conference Board showed Feb. 27.
February 27, 2018Orders for Business Equipment Unexpectedly Fell in January
Orders for business equipment at U.S. factories unexpectedly fell for a second month, a sign that demand is cooling from its hot pace in recent quarters, a Commerce Department report showed Feb. 27.
February 27, 2018Sales of New Homes Fall to Lowest Level Since August
U.S. sales of new homes unexpectedly fell in January to the lowest level since August as borrowing costs rose and winter weather depressed demand, according to government data released Feb. 26.
February 26, 2018Jobless Claims at Five-Week Low Amid Tight Labor Market
U.S. filings for unemployment benefits fell to a five-week low, suggesting tightening in a labor market already operating near full capacity, Labor Department figures showed Feb. 22.
February 22, 2018Americans’ Economic Expectations Reach Second-Highest Since 2002
Americans’ outlook for the U.S. economy improved in February to the second-highest level since March 2002, indicating lower taxes are resonating, the Bloomberg Consumer Comfort Index showed Feb. 21.
February 21, 2018Sales of Existing Homes Unexpectedly Fell in January
Sales of previously owned U.S. homes unexpectedly fell in January to a four-month low, indicating a shortage of available properties is increasingly hindering the real-estate industry, a National Association of Realtors report showed Feb. 21.
February 21, 2018