A General Motors assembly worker moves a V6 engine, used in a variety of GM cars, trucks and crossovers, from the final assembly line at the GM Romulus Powertrain plant in Romulus, Michigan, August 21, 2019. Rebecca Cook | Reuters Nonfarm payrolls grew far more than expected in February as companies continued to hire amid […]
Tag: U.S. Economy
US weekly jobless claims
Job seekers wait in line outside of Vertiport Chicago where Amazon was hosting a career fair on September 17, 2019. Scott Olson | Getty Images The number of Americans filing for unemployment benefits fell last week, suggesting the labor market was on solid footing despite the coronavirus outbreak, which has stoked financial market fears of […]
ADP Moody’s private payrolls February 2020 beat estimates
U.S. companies kept adding jobs in February despite the coronavirus scare, as private payrolls expanded well above the pace that Wall Street had anticipated. Employment excluding government jobs rose by 183,000 for the month, according to a report Wednesday from Moody’s Analytics, topping the 155,000 that economists surveyed by Dow Jones had expected. The job […]
US personal income January 2020
Daniel Acker | Bloomberg | Getty Images Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose. The Commerce Department said Friday that consumer spending increased 0.2% last month, down from 0.4% in December and smallest gain since October. […]
Home prices increase 3.8% in December, per S&P Case-Shiller
A real estate agent readies a house for viewing in Venice, Calif. Anne Cusack | Los Angeles Times | Getty Images The housing market heated up at the end of 2019, and that was reflected in growing gains in home values. In December, home prices rose 3.8% annually on the S&P CoreLogic Case-Shiller National Home […]
Consumer sentiment rises in February even amid the coronavirus outbreak
U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus. The University of Michigan’s consumer sentiment index came in at 100.9 for February. Economists polled by Dow Jones expected February consumer sentiment to come in at 99.5. Consumers’ assessment of current economic conditions were virtually unchanged from […]
US retail sales January 2020
U.S. consumer spending appears to have slowed further in January, with sales at clothing stores declining by the most since 2009, which could raise concerns about the economy’s ability to continue expanding at a moderate pace. The Commerce Department said on Friday retail sales excluding automobiles, gasoline, building materials and food services were unchanged last […]
US industrial production January 2020
A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing slowed production of civilian aircraft, the Federal Reserve said on Friday. The Fed said manufacturing production fell 0.1% […]
US Consumer Price Index rose 0.1% in January, vs 0.2% expected
A woman shops at a Walmart Supercenter store in Rosemead, California. Frederic J. Brown | AFP | Getty Images U.S. underlying consumer prices picked up in January as households paid more for rents and clothing, supporting the Federal Reserve’s contention that inflation would gradually rise toward its 2% target. The Labor Department said on Thursday […]
US productivity and labor costs Q4 2019
U.S. worker productivity rebounded in the fourth quarter, keeping labor costs in check. The Labor Department said on Thursday nonfarm productivity, which measures hourly output per worker, increased at a 1.4% annualized rate last quarter. Productivity decreased at an unrevised 0.2% pace in the July-September period, the biggest drop since the fourth quarter of 2015. […]