Transportation Economy News Updates

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.

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

Global growth will accelerate to the fastest pace in seven years as U.S. tax cuts spur businesses to invest, the International Monetary Fund said.

Consumer sentiment unexpectedly declined in January to a six-month low as American households viewed the economy less favorably, a University of Michigan report showed Jan. 19.

Americans grew more upbeat last week about the economy’s performance and the buying climate, allowing a measure of consumer sentiment to remain at an almost 17-year high, the Bloomberg Consumer Comfort Index showed Jan. 18.

U.S. filings for unemployment benefits plummeted to the lowest level in almost 45 years in a sign the job market will tighten further in 2018, Labor Department figures showed Jan. 18.

U.S. factory production rose for a fourth straight month in December, capping the strongest quarter since 2010 and underscoring a resurgence in manufacturing that’s primed for further advances, Federal Reserve data showed Jan. 17.

U.S. consumer expectations for wage growth rose in December to the highest level in three years, according to a Federal Reserve Bank of New York survey.

U.S. retail sales increased in December for a fourth month, indicating strong consumer demand throughout the holiday season, according to Commerce Department figures released Jan. 12.

Americans’ confidence began 2018 by rising to an almost 17-year high on greater optimism about the U.S. economy and buying climate, according to the Bloomberg Consumer Comfort Index released Jan. 11.