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Tag: U.S. Economy

ADP Moody’s private payrolls January 2019 nearly double expectations

ADP Moody’s private payrolls January 2019 nearly double expectations

The jobs market kicked off 2020 in grand fashion, adding 291,000 in private payrolls for the best monthly gain since May 2015, according to a report Wednesday from ADP and Moody’s Analytics. That was well above the 150,000 estimate from economists surveyed by Dow Jones and more evidence that the U.S. still is a good […]

Fed’s Bostic says new virus hasn’t changed his outlook

Fed’s Bostic says new virus hasn’t changed his outlook

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters China’s virus outbreak has prompted traders to begin pricing in a U.S. interest rate cut by June but has not swayed the views […]

Why the midlife crisis is worse for women, according to Ada Calhoun

Why the midlife crisis is worse for women, according to Ada Calhoun

Ada Calhoun, who’s written about the financial struggles of middle-aged women today Gilbert King The summer of 2017 was a difficult one for Ada Calhoun. The 41-year old freelance writer watched a bunch of her projects fall through. She racked up $20,000 in credit card debt, and had next to no savings behind her. Childcare […]

Weekly jobless claims fall

Weekly jobless claims fall

Job seekers wait in line to speak with representatives during a Choice Career Fair in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images The number of Americans filing for unemployment benefits fell last week, pointing to continued labor market strength, though applications for the prior week were much higher than initially estimated. Initial […]

US GDP Q4 2019 first reading rose only 2.1%

US GDP Q4 2019 first reading rose only 2.1%

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 […]

Fourth quarter GDP could show economy entered a slower growth patch at year-end

Fourth quarter GDP could show economy entered a slower growth patch at year-end

Economic growth in the final quarter of the year is expected to be on par with the third quarter’s 2.1%, but it is also likely to herald the start of a slower trend that could continue through the first half of this year. Fourth quarter growth is expected to have been 2.1%, according to Dow […]

December pending home sales fall a wider-than-expected 4.9%

December pending home sales fall a wider-than-expected 4.9%

Pending home sales, which measure signed contracts, not closings, dropped 4.9% in December compared with November, as the supply of homes hit a record low during the month. Sales were projected to rise 1% month to month. December is historically the slowest month of the year in the housing market. Despite the month-to-month drop, though, […]

US new home sales drop in December for the third straight month

US new home sales drop in December for the third straight month

Home under construction in Montgomery, Illinois. Daniel Acker | Bloomberg | Getty Images Sales of new U.S. single-family homes unexpectedly fell in December, likely held down by a shortage of more affordable homes, but the housing market remains supported by lower mortgage rates. The Commerce Department said on Monday new home sales slipped 0.4% to […]

Business survey suggests US labor market may have peaked

Business survey suggests US labor market may have peaked

A “We’re Hiring” sign at a Target location in New York, December 14, 2019. Scott Mlyn | CNBC There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a survey showed on Monday, the latest suggestion that the labor market has […]

US futures point to slightly higher open on Wall Street

US futures point to slightly higher open on Wall Street

  Global equities have been subdued not too long ago by fears of the China coronavirus spreading, with the dying toll rising to 26 and the variety of confirmed instances growing to 830. The virus originated in China, however instances have additionally been reported within the U.S., Japan, and South Korea. The World Health Organization […]