Economy News Updates

Jobless Claims in US Rose Last Week From a Four-Decade Low

U.S. filings for unemployment benefits rose last week from the lowest level since 1973, consistent with a steady job market, Labor Department figures showed Oct. 26.

October 26, 2017
Business, Logistics

US Goods-Trade Gap Widens to Four-Month High

The U.S. merchandise-trade deficit widened to a four-month high as imports rose for the first time since April, according to preliminary figures released Oct. 26 by the Commerce Department. The report also showed inventories increased at wholesalers and fell at retailers.

October 26, 2017
Business

New-ý Sales Unexpectedly Jump to Highest Since 2007

U.S. purchases of new homes unexpectedly surged in September to the highest level in a decade as activity accelerated in the South after hurricanes Harvey and Irma, according to government data Oct. 25.

October 25, 2017
Business, Equipment

Gain in Equipment Orders Underscores Robust US Investment

U.S. orders for business equipment increased more than forecast in September, indicating solid investment momentum as the third quarter drew to a close, Commerce Department figures showed Oct. 25.

October 25, 2017
Government

US Posts Its Largest Budget Deficit Since 2013

The U.S. posted its largest budget deficit since 2013 in the fiscal year that just ended, as a pickup in spending exceeded revenue gains.

October 20, 2017
Business, TCA

Dallas Fed: Harvey’s Economic Damage Temporary; Recovery Boosts Demand

It appears Hurricane Harvey will inflict little long-term disruption on the Texas regional economy, which continued to expand at a “moderate pace” over the past six weeks despite the giant storm, according to a report Oct. 18 from the Federal Reserve Bank of Dallas.

October 19, 2017
Business

Economic Expectations Sour in October; Weekly Comfort Rises

Americans grew more pessimistic this month about the direction of the economy, though a measure of consumer sentiment rose in the most recent week, Bloomberg Consumer Comfort Index figures showed Oct. 19.

October 19, 2017
Business

Fewest Jobless Claims Since 1973 Show Firm Job Market

Filings for unemployment benefits plunged last week to the lowest level since 1973 as workers affected by hurricanes Harvey and Irma continued to return to their jobs, Labor Department figures showed Oct. 19.

October 19, 2017
Business

Drop in September ý Starts Reflects Slump in South

A larger-than-forecast decline in U.S. new- home construction reflected the weakest pace of building in the South since October 2015, showing the fallout from hurricanes Harvey and Irma, according to government figures Oct. 18.

October 18, 2017
Business

ýbuilders Gauge at Five-Month High Shows Storm Recovery

A rebound in homebuilders’ confidence to a five-month high indicates concern over fallout from major hurricanes has been alleviated, according to data Oct. 17 from the National Association of ý Builders/Wells Fargo.

October 17, 2017