Economy News Updates

Business

Consumers See Higher Wage Growth, Inflation in Fed Survey

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.

January 16, 2018
Business

December Retail Sales Gain Caps Robust Holiday Season

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.

January 12, 2018
Business

Consumer Comfort Rises to Highest Level in Almost 17 Years

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.

January 11, 2018
Business

Wholesale Prices Unexpectedly Show First Drop Since 2016

U.S. wholesale prices fell in December for the first time in more than a year on declining costs for services, a potential sign that inflation pressures are easing in the economy, a Labor Department report showed Jan. 11.

January 11, 2018
Business

Jobless Claims Rise to Three-Month High After Holidays

U.S. filings for unemployment benefits unexpectedly rose to a three-month high last week during a holiday period when claims tend to be volatile, Labor Department figures showed Jan. 11.

January 11, 2018
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