US Household Incomes Rose to Record in 2016 as Poverty Fell
The U.S. median household income rose to a record last year and the poverty rate fell, as steady economic growth helped improve the lot of more Americans, according to annual data from the U.S. Census Bureau released Sept. 12.
Job Openings in US Increased to a Record in July
U.S. job openings unexpectedly rose to a record in July, indicating resilient demand for workers, Labor Department figures showed Sept. 12.
US Trade Gap Widened by Less Than Forecast Ahead of Harvey
The U.S. trade deficit widened less than forecast in July as rising energy and aircraft exports helped offset drops in shipments of autos and household goods, Commerce Department data showed Sept. 6.
September 6, 2017Companies Add More Jobs Than Forecast, ADP Data Show
Companies added more workers than forecast in August, indicating the U.S. job market remains solid, according to data released Aug. 30 from the ADP Research Institute in Roseland, New Jersey.
August 30, 2017Second-Quarter Growth Revised to 3% in Momentum Boost
U.S. second-quarter growth was revised upward to the fastest pace in two years on stronger household spending and a bigger gain in business investment, putting the economy on a stronger track, Commerce Department data showed Aug. 30.
August 30, 2017Consumer Confidence Reaches Second-Highest Level Since 2000
A pickup in consumer confidence to the second-highest level since late 2000 provide a basis for steady gains in spending, according to figures Aug. 29 from the New York-based Conference Board.
August 29, 2017Lean Inventory Drives Home-Price Gain in 20 US Cities
Steady growth in home prices in 20 U.S. cities in June reflects a limited number of available houses for sale, according to S&P CoreLogic Case-Shiller data released Aug. 29. Nationwide, values posted their largest advance in three years.
August 29, 2017Harvey Could Have Deep Impact on Texas Oil, US Economy
Massive flooding caused by Tropical Storm Harvey along Texas’ refinery-rich coast could have long-standing and far-reaching consequences for the state’s oil and gas industry and the larger U.S. economy.
Rise in Business Equipment Orders Signals Steady Investment
An increase in U.S. orders for business equipment last month and the biggest gain since February in such sales indicate improving demand at the start of the third quarter, Commerce Department data showed Aug. 25.
August 25, 2017Sales of Previously Owned Homes Decline to 11-Month Low
An unexpected decline in sales of previously owned U.S. homes last month to the lowest level since August 2016 indicates rising prices and lean inventories are impeding faster growth in the housing market, National Association of Realtors data showed on Aug. 24. The July figure was depressed by weakness in the Midwest and Northeast.
August 24, 2017