Economy News Updates

Business

Job Openings Cooled in October After Climbing to a Record

U.S. job openings unexpectedly cooled in October from an all-time high a month earlier, still consistent with a solid job market, Labor Department data showed Dec. 11.

December 11, 2017
Business

Payrolls Rise 228,000 While Wages Gain Less Than Forecast

The U.S. added more jobs than forecast in November and the unemployment rate held at an almost 17-year low, though below-forecast wage gains suggested the labor market still has slack to absorb.

December 8, 2017
Business

Consumer Borrowing Increases by Most in Nearly a Year

U.S. consumer credit outstanding rose in October by the most since November 2016 on larger credit-card balances, Federal Reserve data showed Dec. 7.

December 7, 2017
Business

Consumer Comfort Advances to a 13-Week High

Improved sentiment about the buying climate and personal finances helped carry household optimism to a 13-week high, Bloomberg Consumer Comfort Index figures showed Dec. 7.

December 7, 2017
Business

Jobless Claims at Five-Week Low Show Resilient Job Market

Applications for unemployment benefits in the U.S. declined to a five-week low, consistent with a resilient labor market, Labor Department figures showed Dec. 7.

December 7, 2017
Business

Growth in Service Industries Cools From a 12-Year High

Growth in U.S. service industries cooled by more than forecast in November after the fastest expansion since 2005, as orders eased and supply chains normalized following two hurricanes, an Institute for Supply Management survey showed Dec. 5.

December 5, 2017
Business

US Trade Deficit Is Widest Since January

The U.S. trade deficit widened in October to a nine-month high on record imports that reflect steady domestic demand, Commerce Department data showed Dec. 5.

December 5, 2017
Business

Manufacturing Expands at Healthy Pace on Production Surge

U.S. manufacturing expanded at a robust pace in November amid a burst of production and rising orders that signal durable gains in the industry, figures from the Institute for Supply Management showed Dec. 1.

December 1, 2017
Business

Jobless Claims at Six-Week High Amid Holiday Volatility

U.S. filings for Unemployment benefits rose to a six-week high, a move that may partly owe to volatility around the Veterans Day holiday, Labor Department figures showed Nov. 16.

November 16, 2017
Business

Americans’ Economic Expectations Climb to a Three-Month High

Optimism about the direction of the U.S. economy improved to a three-month high in November as sentiment remained supported by a robust job market and steady growth, Bloomberg Consumer Comfort Index figures showed Nov. 16

November 16, 2017