Economy News Updates

Business

Job Openings Declined in November to a Six-Month Low

U.S. job openings unexpectedly fell in November to a six-month low, though the level is still consistent with an improving labor market, Labor Department data showed Jan. 9.

January 9, 2018
Business

Consumer Credit Jumped in November by Most Since 2001

U.S. consumer credit outstanding rose in November by the most in 16 years as credit-card balances surged, Federal Reserve data showed Jan. 8.

January 8, 2018
Business

US Services Index Falls to Four-Month Low as Orders Moderate

America’s service industries expanded in December at the weakest pace in four months as orders cooled at companies that make up the bulk of the economy, a survey from the Institute for Supply Management showed Jan. 5.

January 5, 2018
Business, Logistics

US Trade Deficit Balloons to Widest in Almost Six Years

The U.S. trade deficit in November reached the highest level in almost six years as an increase in imports exceeded a gain in shipments overseas, Commerce Department data showed Jan. 5.

January 5, 2018
Business

US Added Fewer Jobs Than Expected in December

U.S. payroll gains slowed by more than forecast in December, wages picked up slightly and the jobless rate held at the lowest level since 2000, adding to signs of a full-employment economy.

January 5, 2018
Business

Consumer Comfort in US Advanced in 2017 to a 16-Year High

American consumers last year were more upbeat on average than at any time since 2001, reflecting more favorable views of the economy, personal finances and the buying climate, according to the Bloomberg Consumer Comfort Index released Jan. 4.

January 4, 2018
Business

Companies in US Added 250,000 Jobs in December, ADP Says

Payrolls at U.S. companies increased in December by the most in nine months, consistent with further progress in the labor market, according to data released Jan. 4 from the ADP Research Institute in Roseland, N.J.

January 4, 2018
Business, Logistics

Here’s How the Winter Deep Freeze Will Affect the US Economy

A winter storm sweeping the U.S. East Coast after a week of very low temperatures is probably boosting demand for boots and mittens — and thanks in part to its timing, it shouldn’t chill economic data more broadly.

January 4, 2018
Business

Manufacturing in the US Just Accelerated to Its Best Year Since 2004

U.S. manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004, the Institute for Supply Management said Jan. 3.

January 3, 2018
Business

Outlook for US Corporate Earnings Is at a Six-Year High

Wall Street doesn’t think corporate America will have a hard time coming up with those employee bonuses that were promised after taxes were slashed.

January 2, 2018