Economy, Good News | featured news

China posted monthly trade and money-supply data that offered a positive sign for the world's No. 2 economy ahead of what's expected to be the weakest quarterly economic growth report in more than three years.

Jack Welch and his merry band of job truthers must be tearing out what little hair they collectively can find a top their heads. A cascade of economic data out today—all from the private sector—is making it more than clear that not only is the economy performing far better than people seem to think, but that last week’s BLS job numbers turn out to make more than perfect sense.

Two of the nation's largest banks released third-quarter results that suggest the U.S. housing market, a key factor in the nation's economic performance, is bouncing back as mortgage rates hit record lows and home refinancings surge.

U.S. consumer sentiment unexpectedly rose to its highest in five years in October in the latest in a string of encouraging signs from the economy that may boost President Barack Obama's re-election hopes next month.

The number of Americans seeking unemployment aid plummeted last week to seasonally adjusted 339,000, the lowest level in more than four years. The sharp drop, if sustained, could signal a stronger job market.

The pace of growth in the vast U.S. services sector picked up in September as new orders accelerated, though employment cooled, an industry report showed on Wednesday.

Companies added 162,000 jobs in September, more than economists expected but still pointing to slow improvement in the labor market, data from a payrolls processor showed on Wednesday.

Stocks got a boost on Wall Street from positive economic news on Monday. The Dow Jones industrial average rose 135 points to 13,572 in the first hour of trading. The market was already higher in the opening minutes of trading, then jumped at 10 a.m. after the Institute for Supply Management reported that U.S. manufacturing grew in September for the first time in four months.

U.S. manufacturing grew for the first time in four months, buoyed by a jump in new orders. The increase was a hopeful sign the economy is improving.

The government went back over its numbers and found something missing -- nearly 400,000 new jobs. In its annual revision to its employment data, the Labor Department said Thursday that 386,000 more jobs were created in the year ending in March than it originally had reported. The revision is a preliminary estimate, with a final figure coming in February.