Economy News Updates

Business

Unexpected Drop in Wholesale Prices Shows Tame Inflation

An unexpected decrease in U.S. wholesale prices in July, the first in nearly a year, signals inflation will remain tame, a Labor Department report showed Aug. 10 in Washington.

August 10, 2017
Business

Productivity Gains Accelerate While Pace Remains Tepid

Worker productivity gains in the U.S. accelerated in the second quarter to a pace that’s still tepid by historical standards, a Labor Department report showed Aug. 9.

August 9, 2017
Business, Fuel

EIA Raises Both 2017, 2018 US Crude Production Forecasts

U.S. producers are seen pumping away, even with the price of West Texas Intermediate crude lingering below $50 a barrel, according to the latest government estimates.

August 8, 2017
Business

Job Openings Surge to Record in Sign of Robust Labor Demand

A June surge in U.S. job openings to a record indicates demand for workers remained strong at the end of the second quarter, a Labor Department report showed Aug 8

August 8, 2017
Business

Narrowing of US Trade Deficit in June Shows Export Swing

America’s trade deficit narrowed to an eight-month low in June, helped by the biggest outflow of goods and services since the end of 2014, a positive signal for the economy entering the third quarter, Commerce Department data showed Aug. 4.

August 4, 2017
Business

Consumer Comfort Reaches Seven-Week High on US Economic Views

Americans last week started feeling much more confident about the economy, pushing the Bloomberg News Consumer Comfort Index to a seven-week high and partly reversing an early-summer slump, figures released Aug. 3 showed.

August 3, 2017
Government

Decline in Jobless Claims Shows Labor Demand Remains Robust

The decline in filings for U.S. unemployment benefits last week underscores steady demand for workers in a tightening job market, Labor Department figures showed Aug 3.

August 3, 2017
Business

ADP Data on Company Hiring in Sync With Moderate US Job Growth

The gain in hiring at companies in July, along with upward revisions to the prior month, is consistent with moderate growth in U.S. employment, according to data released Aug. 2 from the ADP Research Institute in Roseland, N.J.

August 2, 2017
Business

Factory Gauge Continues to Signal Solid Expansion in July

American manufacturers turned in another solid month in July amid steady growth in production, orders and employment, according to figures from the Institute for Supply Management released Aug. 1.

August 1, 2017
Business

Americans’ Spending Barely Grew in June as Incomes Stagnated

Consumer spending lost momentum in June and a drop in dividend payments caused incomes to stagnate, signaling the U.S. economy may get less help from households this quarter, Commerce Department figures showed Aug. 1.

August 1, 2017