Economy, Good News | featured news

US retail sales rose 0.3 percent in November

Americans spent more online in November to start the holiday season and began to replace cars and rebuild in the Northeast after Superstorm Sandy.

 

Weekly US jobless aid applications drop to 343K

The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving.

 

US economy adds 146K jobs, rate falls to 7.7 pct.

The U.S. economy added a solid 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures.

 

Home prices post biggest jump in over six years: CoreLogic

Home prices posted their biggest annual jump in more than six years in October in a sign the housing sector continues to recover, data analysis firm CoreLogic said on Tuesday.

 

US pending home sales jump to nearly a 6-year high

An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years.

 

US economy grew at 2.7 percent rate in summer

The U.S. economy grew at a 2.7 percent annual rate from July through September, much faster than first thought. The strength may fade in the final months of the year if Congress and the Obama administration fail to reach a budget deal.

 

Cyber Monday sales up 17% to nearly $2 billion, exceeding forecast

Cyber Monday

Cyber Monday online sales beat forecasts by nearly half a billion dollars. ComScore on Monday predicted that Cyber Monday would generate $1.5 billion in online sales, but according to Adobe, the shopping day ended up raking in $1.98 billion, which was a 17% increase compared to last year.

 

China's manufacturing growth quickens; HSBC flash PMI at 13-month high

China's Manufacturing

China's vast manufacturing sector saw expansion accelerate in November for the first time in 13 months, preliminary results from a factory survey showed, a sign that the pace of economic growth has revived after seven consecutive quarters of slowdown.

 

Five economic trends to be thankful for

There is a dirty little secret about economics writing. The thing that offers the surest path to glory to front page play for a story, to lots of Web traffic, to a pat on the back from editors is doom and gloom. When we can point out something that is awful, whether it is a collapsing job market or rising poverty or skyrocketing gasoline prices, the world seems a whole lot more interested in what we have to say. It's not for nothing they call economics the dismal science.

 

US new home starts jump to fastest pace in 4 years

U.S. builders started construction last month on the most single-family homes and apartments since July 2008, more evidence that the housing recovery is gaining momentum.

 

Subscribe to this RSS topic: Syndicate content