Jobless Claims Plunge to Lowest Tally Since 1973
U.S. filings for unemployment benefits plummeted to the lowest level in almost 45 years in a sign the job market will tighten further in 2018, Labor Department figures showed Jan. 18.
Manufacturing Output Rose in December for a Fourth Month
U.S. factory production rose for a fourth straight month in December, capping the strongest quarter since 2010 and underscoring a resurgence in manufacturing that’s primed for further advances, Federal Reserve data showed Jan. 17.
Consumers See Higher Wage Growth, Inflation in Fed Survey
U.S. consumer expectations for wage growth rose in December to the highest level in three years, according to a Federal Reserve Bank of New York survey.
December Retail Sales Gain Caps Robust Holiday Season
U.S. retail sales increased in December for a fourth month, indicating strong consumer demand throughout the holiday season, according to Commerce Department figures released Jan. 12.
Consumer Comfort Rises to Highest Level in Almost 17 Years
Americans’ confidence began 2018 by rising to an almost 17-year high on greater optimism about the U.S. economy and buying climate, according to the Bloomberg Consumer Comfort Index released Jan. 11.
Wholesale Prices Unexpectedly Show First Drop Since 2016
U.S. wholesale prices fell in December for the first time in more than a year on declining costs for services, a potential sign that inflation pressures are easing in the economy, a Labor Department report showed Jan. 11.
Jobless Claims Rise to Three-Month High After Holidays
U.S. filings for unemployment benefits unexpectedly rose to a three-month high last week during a holiday period when claims tend to be volatile, Labor Department figures showed Jan. 11.
Job Openings Declined in November to a Six-Month Low
U.S. job openings unexpectedly fell in November to a six-month low, though the level is still consistent with an improving labor market, Labor Department data showed Jan. 9.
Consumer Credit Jumped in November by Most Since 2001
U.S. consumer credit outstanding rose in November by the most in 16 years as credit-card balances surged, Federal Reserve data showed Jan. 8.
US Services Index Falls to Four-Month Low as Orders Moderate
America’s service industries expanded in December at the weakest pace in four months as orders cooled at companies that make up the bulk of the economy, a survey from the Institute for Supply Management showed Jan. 5.