WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week after reaching the lowest level in 5 ½ years. But the broader trend suggests companies are laying off fewer workers and […]
WASHINGTON (AP) — Americans are more confident about the economy than at any time since July 2007, a survey found, suggesting consumers will spend more and accelerate growth in the months ahead. The University of […]
WASHINGTON (AP) — A Federal Reserve survey says economic growth increased throughout the United States from April through mid-May, fueled by home construction, consumer spending and steady hiring. Eleven of the Fed’s banking districts reported […]
WASHINGTON (AP) — Fewer Americans sought unemployment benefits last week, indicating companies continue to hire at a modest but steady pace.
WASHINGTON (AP) — A new government report is predicting the budget deficit will drop below $1 trillion for the first time in President Barack Obama’s tenure in office.
WASHINGTON (AP) – The Federal Reserve predicts the unemployment rate will stay elevated until late 2015, suggesting it will keep short-term interest rates low for the next three years.
WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke says the U.S. economy is already being hurt by the “fiscal cliff” standoff in Washington but the Fed believes the crisis will be resolved without significant long-term damage.
WASHINGTON (AP) — Hurricane Sandy has already caused the cancelation of thousands of flights, stranding travers. Insurers are expecting to have to pay up to $5 billion. Retailers are expecting smaller sales. But for […]
WASHINGTON (AP) – Americans increased their spending in September at twice the rate their income rose, a sign of confidence in the economy. The Commerce Department says consumer spending increased 0.8 percent in September, the […]
WASHINGTON (AP) – Companies are holding off on purchases of computers, industrial equipment and other long-lasting manufactured goods, a trend that’s slowing the U.S. economy. A fourth straight month of lackluster corporate spending led many […]