Latest News Updates From Sean McNally
Productivity Jumps 5.2% in 4Q, Revised Report Says
A combination of increased output and reduced employment sent the productivity of U.S. workers and businesses, as reported by the Labor Department Thursday, up 5.2% in the fourth quarter of 2001, revised from a previously reported 3.5% figure..
March 7, 2002U.S. Factory Orders Jump in January
The number of orders received by U.S. factories rose 1.6% in January, a government report released Wednesday said.
March 6, 2002ISM Non-Manufacturing Index Rises Sharply in February
A measure of the U.S. services sector jumped sharply in February, recovering from a slight dip in the previous month, a leading economic research group said Tuesday..
March 5, 2002New °®¶¹´«Ã½ Sales Plunge 14.8% in January
Failing to match 2001’s record performance, sales of new homes plummeted 14.8% in January compared with December, the Commerce Department reported Wednesday. It was the biggest single-month decline in eight years.
February 27, 2002Durables Orders Post Back-to-Back Gains
Orders for durable goods increased 2.6% in January, the Commerce Department reported – marking the second monthly increase in a row and suggesting that the manufacturing sector may be pulling out of its nearly 18-month slum.
February 27, 2002Existing °®¶¹´«Ã½ Sales Make Record Gain in January
The sale of previously owned houses skyrocketed 16.2% in January, its third straight increase, an industry report said Monday.
February 25, 2002Economist Groups See Rosier Economic Future
The National Association for Business Economics and a separate survey of economists by the Federal Reserve Bank of Philadelphia both said Friday they were leaning toward declaring an end to the U.S. recession, or at least that it will soon be ending.
February 22, 2002Philly Fed Reports Second Manufacturing Gain
Manufacturing in the Philadelphia area picked up for the second straight month, marking the first back-to-back increases since September 2000, the regional Federal Reserve bank there reported Thursday.
February 21, 2002U.S. Leading Indicators Rise for Fourth Straight Month
Adding to mounting evidence that the recession is ending, the U.S. index of leading economic indicators rose in January for the fourth consecutive month, while first-time unemployment claims last week rose slightly.
February 21, 2002Housing Starts Surge 6.3% in January
The number of new homes being built in the United States exceeded analysts’ expectations in January, jumping 6.3% to an annual rate of 1.678 million, the Department of Commerce reported Tuesday.
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