U.S. retail sales advanced in July by the most this year, with widespread gains from department stores to building materials outlets that signal a robust start to consumer spending in the third quarter, according to Commerce Department figures released Aug. 15.
August 15, 2017Business
Consumer Comfort Reaches 16-Year High on Economic Optimism
Americans last week registered their strongest optimism in 16 years on more upbeat views about the state of the economy, their personal finances and the buying atmosphere, according to Bloomberg News Consumer Comfort data released Aug. 10
August 10, 2017Business
Unexpected Drop in Wholesale Prices Shows Tame Inflation
An unexpected decrease in U.S. wholesale prices in July, the first in nearly a year, signals inflation will remain tame, a Labor Department report showed Aug. 10 in Washington.
August 10, 2017Business
Productivity Gains Accelerate While Pace Remains Tepid
Worker productivity gains in the U.S. accelerated in the second quarter to a pace that’s still tepid by historical standards, a Labor Department report showed Aug. 9.
August 9, 2017BusinessFuel
EIA Raises Both 2017, 2018 US Crude Production Forecasts
U.S. producers are seen pumping away, even with the price of West Texas Intermediate crude lingering below $50 a barrel, according to the latest government estimates.
August 8, 2017Business
Job Openings Surge to Record in Sign of Robust Labor Demand
A June surge in U.S. job openings to a record indicates demand for workers remained strong at the end of the second quarter, a Labor Department report showed Aug 8
August 8, 2017Business
Narrowing of US Trade Deficit in June Shows Export Swing
America’s trade deficit narrowed to an eight-month low in June, helped by the biggest outflow of goods and services since the end of 2014, a positive signal for the economy entering the third quarter, Commerce Department data showed Aug. 4.
August 4, 2017Business
Consumer Comfort Reaches Seven-Week High on US Economic Views
Americans last week started feeling much more confident about the economy, pushing the Bloomberg News Consumer Comfort Index to a seven-week high and partly reversing an early-summer slump, figures released Aug. 3 showed.
August 3, 2017Government
Decline in Jobless Claims Shows Labor Demand Remains Robust
The decline in filings for U.S. unemployment benefits last week underscores steady demand for workers in a tightening job market, Labor Department figures showed Aug 3.
August 3, 2017Business
ADP Data on Company Hiring in Sync With Moderate US Job Growth
The gain in hiring at companies in July, along with upward revisions to the prior month, is consistent with moderate growth in U.S. employment, according to data released Aug. 2 from the ADP Research Institute in Roseland, N.J.
August 2, 2017