Economy News Updates

Business

Productivity Fell Last Quarter to Extend Sluggish Run

Productivity in the U.S. unexpectedly fell for the first time since early 2016 as working hours slightly outpaced output, underscoring a sluggish pace of efficiency gains during this expansion, a Labor Department report showed Feb. 1.

February 1, 2018
Business

Pending ºÚÁϳԹÏÍø Sales Rise as Economic Gains Drive Demand

A measure of contract signings to buy existing U.S. homes rose in December for a third month, giving sales some momentum at the start of 2018, according to data released Jan. 31 by the National Association of Realtors.

January 31, 2018
Business

ºÚÁϳԹÏÍø Prices in 20 US Cities Climb by the Most Since July 2014

ºÚÁϳԹÏÍø prices in 20 U.S. cities increased in November by the most in more than three years, underscoring a lingering scarcity of housing inventory, according to S&P CoreLogic Case-Shiller data released Jan. 30.

January 30, 2018
Business

Consumer Confidence Increased More Than Forecast in January

U.S. consumer confidence was stronger than expected in January and hovering near a 17-year high as households grew somewhat more upbeat about employment and the economy, according to figures out Jan. 30 from the Conference Board in New York.

January 30, 2018
Business

Consumer Spending Rose in December, Saving Rate Dipped

U.S. consumer spending rose at a solid pace in December after an upwardly revised advance a month earlier as shoppers splurged during the holiday season. While incomes also rose, the saving rate fell to a fresh 12-year low.

January 29, 2018
Business

Economy Doing Just Fine But 3% Growth Still a Challenge

Despite fourth-quarter U.S. growth missing forecasts, the world’s largest economy is doing just fine. The latest results also underscore just how challenging it will be to reach President Donald Trump’s goal of a sustained 3% pace.

January 26, 2018
Business

Orders for Durable Goods Increase by Most in Six Months

Orders placed with U.S. factories for durable goods increased in December by the most in six months, providing more evidence of a bustling industrial sector.

January 26, 2018
Government, Business

4Q GDP Growth Less Than Expected, but Trucking Outlook Still Good

The U.S. economy expanded at a slower-than-projected pace in the fourth quarter on drags from trade and inventories, offsetting strength in consumer spending and business investment that signals solid momentum entering 2018.

January 26, 2018
Business

Jobless Claims Rise From Lowest in Almost 45 Years

U.S. filings for unemployment benefits increased a week after plunging to the lowest level since 1973, underscoring a still historically tight jobs market, Labor Department figures showed Jan. 25.

January 25, 2018
Business

Existing-ºÚÁϳԹÏÍø Sales Decline as Supply Drops to Record Low

Sales of previously-owned U.S. homes fell in December for the first time in four months, as the market struggles with record-low supply and rising prices, figures from the National Association of Realtors showed Jan. 24

January 24, 2018