Companies added more workers than forecast in August, indicating the U.S. job market remains solid, according to data released Aug. 30 from the ADP Research Institute in Roseland, New Jersey.
August 30, 2017Economy News Updates
Second-Quarter Growth Revised to 3% in Momentum Boost
U.S. second-quarter growth was revised upward to the fastest pace in two years on stronger household spending and a bigger gain in business investment, putting the economy on a stronger track, Commerce Department data showed Aug. 30.
August 30, 2017Consumer Confidence Reaches Second-Highest Level Since 2000
A pickup in consumer confidence to the second-highest level since late 2000 provide a basis for steady gains in spending, according to figures Aug. 29 from the New York-based Conference Board.
August 29, 2017Lean Inventory Drives °®¶¹´«Ã½-Price Gain in 20 US Cities
Steady growth in home prices in 20 U.S. cities in June reflects a limited number of available houses for sale, according to S&P CoreLogic Case-Shiller data released Aug. 29. Nationwide, values posted their largest advance in three years.
August 29, 2017Harvey Could Have Deep Impact on Texas Oil, US Economy
Massive flooding caused by Tropical Storm Harvey along Texas’ refinery-rich coast could have long-standing and far-reaching consequences for the state’s oil and gas industry and the larger U.S. economy.
August 27, 2017Rise in Business Equipment Orders Signals Steady Investment
An increase in U.S. orders for business equipment last month and the biggest gain since February in such sales indicate improving demand at the start of the third quarter, Commerce Department data showed Aug. 25.
August 25, 2017Sales of Previously Owned °®¶¹´«Ã½s Decline to 11-Month Low
An unexpected decline in sales of previously owned U.S. homes last month to the lowest level since August 2016 indicates rising prices and lean inventories are impeding faster growth in the housing market, National Association of Realtors data showed on Aug. 24. The July figure was depressed by weakness in the Midwest and Northeast.
August 24, 2017Consumer Comfort Is at a 16-Year High
Consumer confidence, including views about the U.S. economy, advanced again last week to a 16-year high, indicating spending will remain solid, according to Bloomberg Consumer Comfort data released Aug. 24.
August 24, 2017Factory Output in Declines on Weaker Auto Production
A slump in motor vehicle production pushed down U.S. factory output unexpectedly in July, Federal Reserve data showed Aug. 17.
August 17, 2017Jobless Claims Decrease to Lowest Level Since February
A strengthening labor market remains an engine for U.S. growth as the number of Americans filing for unemployment benefits dropped to the lowest since February, Labor Department data showed Aug. 17.
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