Economy News Updates

GovernmentBusinessEquipment

US Economy Grew at Moderate 2.1% Annual Rate Last Quarter

WASHINGTON — The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter.

November 27, 2019
GovernmentBusiness

Quality Trails Quantity in US Job Market, Index Shows

If quality is more important than quantity, the U.S. labor market isn’t as good as the headline numbers indicate, according to new research.

November 14, 2019
GovernmentBusinessEquipment

Economist Noel Perry Sees US Recession Looming in Late 2020

In the trucking, freight and logistics industry, when economist Noel Perry talks, people listen.

November 13, 2019
GovernmentBusiness

US Consumer Comfort Falls to Seven-Month Low on Finance Views

U.S. consumer comfort fell to the lowest level since March as ratings of the economy, personal finances and the buying climate all slumped, a potential sign of faltering in the strong support consumers are giving the expansion.

November 7, 2019
GovernmentBusiness

US Services Companies’ Growth Rebounds in October

WASHINGTON — Growth in the vast U.S. service sector rebounded in October after sinking to a three-year low in September, causing concern for investors and economists.

November 5, 2019
Business

Americans Are Unhappy at Work After Years of Economic Gains

The economy has added millions of jobs and pay gains have accelerated in recent years, but Americans aren’t crazy about their work.

October 23, 2019
GovernmentBusiness

US Small-Business Optimism Drops to Near Lowest Mark of Trump Era

U.S. small-business sentiment fell to near the lowest level of Donald Trump’s presidency, as tariffs and economic uncertainty increasingly weigh on the outlook for owners across the country.

October 8, 2019
GovernmentBusiness

World Economy Signals Manufacturing Crisis

The global economy flashed clearer warning signs Oct. 1 as a wave of data showed manufacturing stuck in a slump, exports falling and sentiment sliding.

October 1, 2019
Business

Long-Term Mortgage Rates Fall; 30-Year at 3.64%

WASHINGTON — U.S. long-term mortgage rates fell this week following a sharp rise the week before, making September the most volatile month for the key 30-year loan since March.

September 26, 2019
GovernmentBusiness

US Economy Grew at Modest 2% Rate in Q2

The U.S. economy grew at a modest 2% annual rate in the second quarter, a pace sharply lower than the 3%-plus growth rates seen over the past year. Many analysts believe growth will slow further in coming quarters as global weakness and rising trade tensions exert a toll.

September 26, 2019