Economy, U.s. Economy | featured news

Jobless claims hint at improving labor market

The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting some traction in the labor market recovery.

 

Midwest business growth highest in nearly a year

The pace of business activity in the U.S. Midwest rose to its highest level in nearly a year in February as new orders increased, a report showed on Thursday.

 

U.S. Economy Barely Grew in Fourth Quarter, Revision Shows

Economy

The Commerce Department said that output expanded at an annual rate of just 0.1 percent, way below the country’s long-term average but above the original estimate of a contraction.

 

US pending home sales rise to highest since 2010

A measure of the number of Americans who signed contracts to buy homes rose in January from December to the highest level in more than 2 ½ years. The increase suggests sales of previously occupied homes will continue rising in the coming months. The National Association of Realtors says its seasonally adjusted index for pending home sales rose 4.5 percent last month to 105.9. That's the highest since April 2010, when a homebuyer's tax credit was about to expire.

 

Target profit slipped in winter holiday quarter

Target Corp posted lower quarterly profit on Wednesday, as sales of food and value-priced items only partially mitigated some weakness it saw when holiday shoppers held back from discretionary spending in an uncertain economy.

 

US shows signs of stronger recovery

The US economy registers surprisingly strong consumer confidence and new home sales data, suggesting the recovery is gathering steam.

 

Home prices cap year with biggest rise since 2006

Home Prices

U.S. home prices closed out 2012 with the biggest annual gain in more than six years while sales of new homes spiked in January, the latest sign that the long-suffering housing market was on the mend, data showed on Tuesday.

 

Existing home sales edge higher, inventory at 13-year low

U.S. home resales edged higher in January and left the supply of homes at its lowest level in 13 years, a sign that steam is gathering in the U.S. housing market.

 

US consumer prices flat in January for 2nd month

U.S. consumer prices were flat last month, the latest sign inflation is in check. That could give the Federal Reserve leeway to continue its efforts to stimulate growth. The Labor Department says the consumer price index has risen 1.6 percent in the 12 months ending in January. That's down from a 2.9 percent pace a year ago.

 

Claims for US jobless aid suggest modest hiring

The number of Americans seeking unemployment benefits jumped 20,000 last week to a seasonally adjusted 362,000, though it remained at a level consistent with modest hiring.

 

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