September | featured news

Construction spending in September posted a better-than-expected performance, powered by the largest jump in housing construction in more than six years.

Consumer spending plunged in September by the largest amount in nine months, reflecting the end of the government's Cash for Clunkers auto sales program. Incomes, the fuel for future spending, were flat.

Sales of newly built U.S. single-family homes unexpectedly tumbled 3.6 percent in September in their first drop since March, but the inventory of new homes available at the end of the month shrank to the smallest in 27 years, government data showed on Wednesday.

Sales of previously owned U.S. homes surged to their highest level in more than two years in September, a survey showed on Friday, providing further evidence the housing market and economy were on the mend.

Construction of new homes edged up slightly in September, helped by a rebound in single-family construction. But applications for building permits fell by the largest amount in five months.

Foreign direct investment into China rose 19% in September, suggesting appetite from abroad for investing in China is picking up as the economy recovers.

Sales fall after a surge in the previous month, but the drop is smaller than forecast. Retail sales fell in September after a popular program aimed at boosting auto sales ended ...

The US budget deficit more than tripled to a record $1.4 trillion in the year to 30 September, the US Congress estimates.

The U.S. service sector grew in September for the first time in 13 months, an encouraging sign for the fledgling economic recovery although jobs remain scarce.

A net 263,000 jobs were eliminated in September, pushing the jobless rate to a 26-year high. Stocks fall on the news. The nation's labor market took a turn for the worse in September as employers eliminated a net 263,000 jobs, far more than expected and reversing a pattern of steadily declining payroll losses in recent months, the Labor Department said today.