As the U.S. economy expanded at a modest to moderate pace over the past several weeks, the coronavirus has had little impact so far on U.S. economic data…
Tag: consumer spending
U.S. GDP rose a better-than-expected 1.9% in Q3; private payrolls increase tops expectations in October
Personal consumption expenditures, a gauge of spending by American households, rose at a 2.9% annualized rate…
U.S. Federal Reserve cuts rates for first time since 2008
The Federal Reserve cut interest rates by 25 basis points in its policy-setting meeting on July 31..
U.S. unemployment hits five-decade low as employers step up hiring, wages increase
Steady job growth and solid wage increases have enlarged Americans’ paychecks…
U.S. consumer spending surges to post biggest rise in more than 9-1/2 years
Plus, price pressures remained muted, with a key inflation measure posting its smallest annual gain in 14 months…
U.S. jobless claims at 50-year low
The fewest people in nearly 50 years sought unemployment benefits last week, a sign of a strong job market…
Billionaire CEO Benioff foresees several years of strong growth for U.S. economy
A record $7.9 billion was spent on Cyber Monday this year, up 19.3% year over year…
U.S. economy logs best performance in nearly 4 years
Output expanded 3.2 percent in the first half of 2018 putting the U.S. economy on track to hit President Trump’s target of 3% annual growth…
Consumer confidence pops in August to highest level since October 2000
These historically high confidence levels should continue to support healthy consumer spending…
U.S. consumer confidence hits 17-year high
U.S. consumer confidence jumped to a 17-year high as optimism about employment prospects…
Dow and S&P 500 close higher on upbeat U.S. labor market data
Apple shares are now up more than 2% over the last five trading days, moving the company back into the green on the year…
U.S Treasury: 90% of U.S. workers likely to see more money in take-home pay next month
The U.S. Treasury and the IRS on Thursday put out new guidance and withholding tables for employers…
U.S. sees strongest holiday sales since 2010
Growing wages, stronger employment and higher confidence led consumers to spend more than had been expected…
Holiday spending on track to be highest in at least 12 years
Buoyant American attitudes on the economy look set to show up in plentiful, record-setting holiday spending…
Dow rises 5,000 points in a year for the first time ever
The Dow Jones industrial average just did something it has never done in its 121-year history…
U.S. economic optimism soars
A near record number expect the economy to improve in the next year causing President Trump’s approval rating to jump…
U.S. employment jumps more than expected in November, boosts U.S. stocks
A stronger-than-expected pickup in U.S. hiring boosted stocks Friday…
U.S. third-quarter GDP revised to three-year high of 3.3%
The U.S. economy’s growth rate last quarter was revised upward to the fastest in three years on stronger investment…
Goldman Sachs sees U.S. unemployment rate hitting lowest level since the late-1960s
The U.S. economy is heading into 2018 with strong momentum that’s likely to boost wages…
American consumer confidence soars to highest level since December 2000
American consumer confidence increased to its highest level in almost 17 years…
U.S. jobless claims plunge to lowest level since 1973
Jobless claims are at the lowest level in more than four decades, indicating employers…
U.S. economy picks up steam; second-quarter GDP up 3.0% reflecting robust consumer spending and strong business investment
Overall Obama presided over the worst recovery since the Great Depression. President Trump’s term has begun with gains that are likely to accelerate…
U.S. consumer confidence shows Americans upbeat on jobs, economy
Share of respondents citing ‘good’ business conditions rose to the highest level since early 2001…
US economy’s momentum slips; softer overseas demand for US products
The U.S. economy’s momentum is slipping…
U.S. consumer sentiment drops in November to near two-year low; U.S. labor force participation rate falls to lowest since March 1978
U.S. consumer sentiment unexpectedly dipped in November to a near two-year low…
Anemic U.S. jobs report heightens concerns that lackluster economy stalling
Employers in the U.S. added fewer workers to payrolls than projected in September…
Stocks drop as U.S. Speaker Boehner drops ‘Plan B,’ fiscal cliff approaches
House Speaker John Boehner scrapped a plan to allow higher tax rates on annual income above $1 million…