A worker attaches a wiring harness to the chassis of an X model SUV at the BMW manufacturing facility in Greer, South Carolina, November 4, 2019. Charles Mostoller | Reuters WASHINGTON — The U.S. economy grew 2.1% in the fourth quarter, closing out a year in which gross domestic product decelerated to its slowest pace […]
Tag: Breaking News: Economy
US industrial production December 2019
U.S. manufacturing output rose unexpectedly in December as a drop in motorcar output was outpaced by will increase in manufacturing of different sturdy items, meals and drinks, and different merchandise. The Federal Reserve stated on Friday that manufacturing manufacturing rose 0.2% final month after a downwardly revised 1.0% improve in November. Overall industrial […]
US Consumer Price Index CPI December 2019
U.S. consumer prices rose slightly in December even as households paid more for health care, and monthly underlying inflation slowed, supporting the Federal Reserve’s desire to keep interest rates unchanged at least through this year. The weak inflation report from the Labor Department on Tuesday came on the heels of data last week showing a […]
Budget deficit topped $1 trillion in 2019, the first time in 7 years
The U.S. fiscal deficit topped $1 trillion in 2019, the first time it has passed that level in a calendar year since 2012, according to Treasury Department figures released Monday. The budget shortfall hit $1.02 trillion for the January-to-December period, a 17.1% increase from 2018, which itself had seen a 28.2% jump from the previous […]
Only 145K payrolls added, 3.5% unemployment
WASHINGTON — The U.S. jobs market ended 2019 on a sour note, with December’s payroll and wage growth missing expectations, according to Labor Department figures released Friday. Nonfarm payrolls increased by just 145,000 while the unemployment rate held steady at 3.5%. Economists surveyed by Dow Jones had been looking for job growth of 160,000. The […]
Weekly jobless claims
New applications for U.S. jobless benefits fell more than expected last week, but the labor market appears to be cooling, with the number of Americans on unemployment rolls surging to more than a 1-1/2-year high at the end of 2019. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 214,000 for the […]
Fed policy is in a ‘good place’ but will remain flexible
Richard Clarida Scott Mlyn | CNBC The Federal Reserve is in “a good place” with monetary policy but remains flexible both with interest rates and its operations to tame the overnight borrowing market known as repo, Vice Chairman Richard Clarida said Thursday. As the central bank embarks on a year during which it is not […]
ADP Moody’s private payrolls December 2019 surge
Recruiters and job seekers are seen at a job fair. Rick Wilking | Reuters Private payroll growth ended 2019 on a strong note, with companies adding 202,000 positions in December in another sign of a healthy labor market, according to a report Wednesday from ADP and Moody’s Analytics. The total was well above the 150,000 […]
US trade deficit at $43.09B in November, vs $43.6B estimate
The U.S. trade deficit fell more than expected in November ahead of negotiations with China that cooled the simmering tariff battle between the two sides. The shortfall in goods and services declined to $43.09 billion for the month, below the $43.6 estimate from economists surveyed by Dow Jones. That represented the lowest deficit since October […]
US consumer confidence December 2019
People shopping at a Costco store Scott McIntyre | Bloomberg | Getty Images U.S. consumer confidence dipped slightly in December, according to data released by The Conference Board on Tuesday. The metric came in at 126.5 for the month, down from 126.8 in November. Economists polled by Reuters expected a reading of 128.2 for December. […]