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Business spending for equipment on solid ground before Iran war
New orders for key U.S.-manufactured capital goods increased more than expected in February while shipments of those products rose solidly.
Job growth stuck in slow gear in December
U.S. employment growth slowed more than expected in December amid job losses in the construction, retail and manufacturing sectors.
Economists see reasons for optimistic 2014 outlook
Consumers will spend more. Government will cut less. Businesses will invest more. And more companies will hire.
Economists growing more upbeat about year ahead
NEW YORK — Economists are increasingly, but still cautiously, optimistic about growth in the year ahead with the hiring expected to pick up in coming months. A quarterly survey by […]
Economists forecasting moderate 2013 growth
WASHINGTON — Business economists believe the country will see modest growth in 2013, with strength coming from a further rebound in housing that will help offset weakness in business investment. […]
Hiring outlook improves as jobless claims drop
WASHINGTON — Fewer Americans applied for unemployment benefits last week, and a private survey showed businesses stepped up hiring in August. The data sketched a brighter outlook for the job […]
Economy adds 163K jobs, unemployment rate rises to 8.3 pct.
WASHINGTON — The addition of 163,000 jobs in July follows three months of sluggish hiring and shows that the U.S. economy is likely resilient enough to keep growing at a […]
Fewer auto closings reduce unemployment claims
WASHINGTON — The number of people seeking U.S. unemployment benefits plunged last week. But a big reason is that automakers have skipped some of their usual summer shutdowns to keep […]
Service firms grew at slowest pace in 2 years
WASHINGTON — U.S. service companies grew in June at the slowest pace in nearly two and a half years, more evidence that the economy has weakened. But those same firms […]
U.S. economy grew at modest 1.9 percent rate in 1Q of 2012
WASHINGTON — The U.S. economy expanded at a 1.9 percent annual rate in the first three months of the year, a weak pace that few economists see changing much this […]
OECD: High-income Americans should pay more taxes
WASHINGTON — An international group of economists is recommending that the United States adopt policies that would make higher-income Americans pay more in taxes to help boost the U.S. economy. […]
Retail sales dropped 0.2 percent in May
WASHINGTON — Americans barely increased their spending at retail businesses in April and May, constrained by weak job creation and paltry wage increases. A sharp drop in gas prices pulled […]
