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News : US Economy Last Updated: Aug 10, 2015 - 4:09 AM

News : US Economy

US nonfarm payroll employment rose by 215,000 in July, and the unemployment rate was unchanged at 5.3%. Employment increased in retail trade, health care, professional and technical services, and financial activities. The Bureau of Labour Statistics reported that the broad rate of unemployment was 10.4%.

Aug 7, 2015 - 3:14 PM

News : US Economy

The US economy accelerated modestly in the second quarter after a slow start to 2015, but growth this year is still less than last year's first half and is well below the overall pace of the recovery. In the first quarter, real GDP increased 0.6% (revised).

Jul 30, 2015 - 2:26 PM

News : US Economy

Using four key measures of an economy’s health: per capita GDP, labour productivity, the number of jobs, and median household income, for more than three decades after World War II, In America all four went up steadily and in almost perfect lockstep. Job growth and wage growth, in other words, kept pace with gains in output and productivity. American workers not only created more wealth but also captured a proportional share of the gains.

Jun 12, 2015 - 5:04 AM

News : US Economy

On Friday it was reported that GDP (gross domestic product, the broadest measure of goods and services produced across the US), shrunk at an annual rate of 0.7% in the first quarter of 2015 compared with an initial estimate of -0.2%. Also last week, UK GDP was not revised up from an initial weak level of 0.3%; Canada's economy shrunk at a 0.6% annualised pace in the first quarter of 2015 while the Swiss economy contracted 0.2% compared with the previous quarter.

Jun 1, 2015 - 2:01 PM

News : US Economy

The income earnings gap between the world's rich and poor is at its highest level in 30 years in some countries, according to a 330-page report by the Organisation for Economic Co-operation and Development (OECD). Meanwhile a paper published this week in the United States shows that inequality has not increased in America's best paying firms in a 34-year period.

May 27, 2015 - 8:12 AM

News : US Economy

Minutes released on Wednesday of the April policy meeting of the Federal Reserve indicate concerns about the fragility of the US recovery, which signalled that the expected first rise in the US federal funds rate — the benchmark rate — in June from near-zero levels, will not happen.

May 21, 2015 - 8:20 AM

News : US Economy

Senate Democrats on Tuesday defeated a bill to give President Barack Obama authority to fast-track negotiations on key trade deals.

May 13, 2015 - 8:28 AM

News : US Economy

US non-financial companies rated by Moody's Investor Services held $1.73tn in cash at the end of 2014, up 4% from $1.67tn a year earlier amid modest GDP growth, Moody's says in a new report. The top 50 holders of cash account for 63% of the total cash pile, or $1.08tn, and entry to the top 50 list now requires $6.1bn in cash. The top five firms held about 25% of the total.

May 11, 2015 - 9:15 AM

News : US Economy

US nonfarm payroll employment rose by 223,000 in April, after edging up in March (+85,000). The official unemployment rate was essentially unchanged at 5.4% in April. Employment rose over the month in professional and business services, health care, and construction. Job losses continued in mining while the broad jobless rate was 10.8%.

May 8, 2015 - 3:15 PM

News : US Economy

In 2014 S&P 500 companies in the US spent 95% of their operating margins on their own shares or in dividend payouts and they are expected to top $1tn in 2015.

May 5, 2015 - 8:12 AM

News : US Economy

US economic growth plunged in Q1 2015 as businesses cut investment, exports plunged and consumers showed signs of caution, marking a return to the bumpy growth that has characterised the nearly six-year economic expansion.

Apr 29, 2015 - 3:24 PM

News : US Economy

Investors in securities markets are now strongly betting the Federal Reserve won’t raise interest rates in June, but the million dollar question is will the Fed ever be able to raise interest rates again?

Apr 22, 2015 - 7:51 AM

News : US Economy

US nonfarm payroll employment increased by 295,000 in February, and the unemployment rate edged down to 5.5% according to the Bureau of Labour Statistics (BLS) Friday. Employment rose in food services and drinking places, professional and business services, construction, health care, and in transportation and warehousing. Mining employment fell over the month. Meanwhile the broad rate was at 11% and the labour-force participation rate — the percentage of working-age persons in an economy who are employed or unemployed but looking for a job — fell to 62.8% in February from 62.9% in January. The figure is at the level it was at in March 1978 — the BLS has tracked the participation rate since 1948 and since then it hit its historical peak in January through April 2000, when it was 67.3%.

Mar 6, 2015 - 2:49 PM

News : US Economy

US nonfarm payroll employment increased by 257,000 in January, and the unemployment rate, at 5.7%, was little changed. Job gains occurred in retail trade, construction, health care, financial activities, and manufacturing, according to the Bureau of Labor Statistics today. The broad jobless rate including part-timers seeking full-time work and discouraged workers was at 11.3%.

Feb 6, 2015 - 2:43 PM

News : US Economy

Despite an easing of growth in the fourth quarter, the White House, Congressional Budget Office (CBO) and Federal Reserve unanimously see the US economy on the cusp of the best years for the economy in a decade or more.

Feb 3, 2015 - 2:51 AM

News : US Economy

US real gross domestic product (GDP) increased an annualised 2.6% in the fourth quarter of 2014, according to the “advance” estimate released Friday by the Bureau of Economic Analysis. In the third quarter, real GDP increased 5.0%. For the full year 2014, real GDP rose 2.4% after rising 2.2% in 2013.

Jan 31, 2015 - 7:16 AM

News : US Economy

The US Congressional Budget Office (CBO) estimates that the federal deficit for this fiscal year ending on September 30 2015, will amount to $468bn, slightly less than the deficit in 2014. At 2.6% of GDP, this year’s deficit is projected to be the smallest relative to the nation’s output since 2007 but close to the 2.7% that deficits have averaged over the past 50 years.

Jan 28, 2015 - 6:36 AM

News : US Economy

US nonfarm payroll employment rose by 252,000 in December, and the unemployment rate declined by 0.2 percentage point to 5.6% according to the Bureau of Labour Statistics (BLS) today. Job gains occurred in professional and business services, construction, food services and drinking places, health care, and manufacturing.

Jan 9, 2015 - 3:03 PM

News : US Economy

US nonfarm payroll employment rose by 321,000 in November, and the unemployment rate was unchanged at 5.8%, according to the Bureau of Labour Statistics. The increase in employment was widespread, led by gains in professional and business services, retail trade, health care, and manufacturing. The private sector has added 10.9m jobs over 57 straight months of job growth, extending the longest streak on record. Total employment has risen by 2.65m in the eleven months this year, already totaling more jobs than in any full calendar year since the late 1990s.

Dec 5, 2014 - 4:40 PM

News : US Economy

Two PMI (purchasing managers' index) survey reports Monday showed that US manufacturing slowed in November.

Dec 1, 2014 - 4:06 PM

News : US Economy

Today is Cyber Monday in the US when the retail focus will be online but the results of a national survey on Sunday showed that retail spending over the Thanksgiving weekend fell 11%.

Dec 1, 2014 - 7:03 AM

News : US Economy

US consumer spending was weak in October and orders for nondefense capital goods excluding aircraft—seen as a measure of business investment in equipment and software—dropped in October for the second straight month.

Nov 27, 2014 - 8:18 AM

News : US Economy

US real gross domestic product (GDP) grew at a seasonally adjusted annual rate of 3.9% in the third quarter, the Bureau of Economic Analysis said Tuesday. The agency had previously estimated the third quarter's growth rate at 3.5%.

Nov 25, 2014 - 3:08 PM

News : US Economy

Fresh from destroying banking secrecy and prosecuting Swiss banks, the United States is one of the best friends of Swiss exporters. The US is one of the fewest bright sparks in the stagnating world economy, and certainly the most significant rising star.

Nov 25, 2014 - 1:11 AM

News : US Economy

January Brent, the global oil benchmark, is at $80.80 a barrel Monday, 28% below its June 12th peak and US oil imports from the OPEC (Organisation of Petroleum Exporting Countries) producer cartel, are at a 30-year low of 40% of the total imports compared with 88% in 1976.

Nov 24, 2014 - 1:32 AM

News : US Economy

Actavis plc, which is technically an "Irish company" following the transfer for tax purposes of its headquarters to Dublin in 2013, but remains a US firm in real-world-terms, on Monday announced a $66bn deal for Allergan Inc, the maker of Botox, the skin cavity filler.

Nov 18, 2014 - 8:14 AM

News : US Economy

US nonfarm payroll employment increased by 214,000 in October, and the unemployment rate edged down to 5.8%. Employment rose in food services and drinking places, retail trade, and health care while the jobless rate fell to a 6-year low.

Nov 7, 2014 - 2:55 PM

News : US Economy

Former top executives at UBS might be sleeping a little easier after Raoul Weil was cleared by a Florida jury on Monday of running a tax evasion racket at the Swiss bank. But what are the ramifications of this verdict on other banks and individuals?

Nov 5, 2014 - 8:35 AM

News : US Economy

Two PMI reports track contrasting trends on US manufacturing activity in October.

Nov 3, 2014 - 4:25 PM

News : US Economy

Real US gross domestic product (GDP) increased at an annualised 3.5% in the third quarter of 2014, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.6%.

Oct 30, 2014 - 2:45 PM

News : US Economy

US city home price growth continued to slow in August according to the latest S&P/Case-Shiller Home Price Indices for August 2014. Meanwhile, the Conference Board Consumer Confidence Index, which had dropped in September, rebounded in October. The Index now stands at 94.5 (1985=100), up from 89.0 in September. The Present Situation Index edged up from 93.0 to 93.7, while the Expectations Index increased sharply to 95.0 from 86.4 in September.

Oct 28, 2014 - 3:24 PM

News : US Economy

US new orders for manufactured durable goods - expected to last at least 3 years - in September fell $3.2bn or 1.3% to $241.6bn, the US Census Bureau announced today. This decrease, down two straight months, followed an 18.3% August decrease. Excluding transportation, new orders decreased 0.2%. Excluding defense, new orders decreased 1.5%.

Oct 28, 2014 - 2:45 PM

News : US Economy

Despite last week's market volatility, the US economic recovery looks strong and the Federal Reserve has hinted that it will only raise interest rates if the outlook appears sustainable. However, while the 30- big company Dow Jones Industrial Average was up 30% last year including dividends, and only minor falls so far this year have impacted it, the latest data on loans used to buy shares show that margin credit is record highs.

Oct 20, 2014 - 2:46 AM

News : US Economy

The global markets slide continued Thursday on fears of a global slowdown with growing concerns about the spread of the Ebola virus outbreak in Africa adding to the tensions over the Ukraine and Middle East. Meanwhile US industrial production had the best monthly rise in September in 3 years while initial weekly jobless claims data last week were the best in 14 years.

Oct 16, 2014 - 3:39 PM

News : US Economy

The US federal budget deficit dipped to 2.9% of GDP (gross domestic product) in fiscal year 2014 that ended September 30.

Oct 9, 2014 - 8:12 AM

News : US Economy

US nonfarm payroll employment rose by 248,000 in September, and the unemployment rate declined to 5.9%, according to the Bureau of Labour Statistics . Employment increased in professional and business services, retail trade, and health care.

Oct 3, 2014 - 3:27 PM

News : US Economy

The US is set to overtake Saudi Arabia as the world's leading liquid petroleum producer again according to data from the International Energy Agency (IEA).

Sep 30, 2014 - 4:20 AM

News : US Economy

With the US Congress unable to agree on measures to prevent US companies bailing out of the US tax system by becoming Irish, British or Dutch, often as brass-plate operations, the Obama administration on Monday announced new rules to combat what are known as tax inversions.

Sep 23, 2014 - 7:19 AM

News : US Economy

The US Securities and Exchange Commission (SEC) on Monday announced an expected award of more than $30m to a foreign whistleblower who provided key original information that led to a successful SEC enforcement action. The award will be the largest made by the SEC's whistleblower program to date and the fourth award to a whistleblower living in a foreign country, demonstrating the program's international reach.

Sep 23, 2014 - 5:30 AM

News : US Economy

The typical American household income in 2013 was below the 1989 level according to data from the Census Bureau that was published Tuesday.

Sep 17, 2014 - 5:47 AM

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