Shobhana Chandra

Government, Business, Fuel

Manufacturing Production Increases by Most in 10 Months

Haldex factory Haldex brake adjusters on the factory production line. (Haldex)

U.S. factory production expanded in December by the most in 10 months, ending the year stronger than expected thanks to a surge in motor-vehicle output and gains across a range of other goods.

Shobhana Chandra | Bloomberg News
January 18, 2019
Government, Business, Logistics

Missing Data During Shutdown Complicates Consumer Spending Reports

Consumers David Paul Morris/Bloomberg News

The U.S. growth outlook hangs more than ever on American consumers’ resilience amid stock market swoons and trade-war tensions, but key data on their spending — the biggest part of the economy — will be missing due to the government shutdown.

Shobhana Chandra | Bloomberg News
January 15, 2019
Government, Business

Core Producer Prices Decline for First Time in a Year

Farmers Khalil Hamra/Associated Press

A key measure of U.S. producer prices unexpectedly fell in December and the overall gauge declined more than forecast amid lower oil prices, signaling potential inflation pressures in the economy are contained.

Shobhana Chandra | Bloomberg News
January 15, 2019
Government, Business

Jobless Claims Fall to Four-Week Low in Tight Labor Market

Job Fair Gabby Jones/Bloomberg News

U.S. filings for unemployment benefits fell to a four-week low even amid a partial federal government shutdown, showing healthy demand for workers at the start of the year.

Shobhana Chandra | Bloomberg News
January 10, 2019
Government, Business

Payrolls Rise 312,000 as Wage Gains Exceed Forecasts

Factory Worker Daniel Acker/Bloomberg News

U.S. employers added the most workers in 10 months as wage gains accelerated and labor-force participation jumped, reflecting a robust job market that nevertheless faces mounting risks in 2019.

Shobhana Chandra | Bloomberg News
January 4, 2019
Government, Business

Firms Hired Most Workers Since Early 2017, ADP Research Says

Factory Worker Luke Sharrett/Bloomberg News

Companies added the most workers in almost two years to U.S. payrolls in December, exceeding forecasts and signaling that the job market was solid as 2018 came to an end.

Shobhana Chandra | Bloomberg News
January 3, 2019
Government, Business

Jobless Claims Fall to 216,000, Showing Tight Labor Market

Job seekers at a career fair in New York Job seekers at a career fair in New York. (Mark Kauzlarich/Bloomberg)

U.S. filings for unemployment benefits decreased for the third time in four weeks, hovering near an almost five-decade low that reflects a robust job market.

Shobhana Chandra | Bloomberg News
December 27, 2018
Government, Business

Consumer Spending Tops Forecasts as Inflation Data Mixed

Lady shopping Jeenah Moon/Bloomberg News

U.S. consumer spending rose more than forecast in November and the prior month was revised higher, a sign the biggest part of the economy is again poised to drive growth this quarter. An underlying inflation gauge watched by the Federal Reserve showed a slight pickup.

Shobhana Chandra | Bloomberg News
December 21, 2018
Government, Business

Housing Starts Top Forecasts; Permits Rise

Construction Workers Bloomberg News

U.S. new-home construction rebounded in November to the best pace since August while permits rose to a seven-month high, a sign homebuilding is potentially stabilizing even as higher prices and borrowing costs pose headwinds.

Shobhana Chandra | Bloomberg News
December 18, 2018
Government, Business

Homebuilder Sentiment Tumbles to Weakest in Three Years

Homebuilder Sentiment Mike Kane/Bloomberg News

Sentiment among U.S. homebuilders fell in December to the lowest level since 2015, missing all forecasts and signaling that the industry’s struggles are intensifying amid elevated prices and higher borrowing costs.

Shobhana Chandra | Bloomberg News
December 17, 2018

Pages