Jobless Claims Higher Than Forecast; Unemployment Stuck at 8.3 Percent
According to the United States Department of Labor, jobless claims were 374,000 for the week ending July 25.
June 30th Jobless Claims Fall More Than Expected
The DOL issued a surprisingly upbeat jobless claims report today; first time applications for jobless benefits dropped by 14,000.
Airlines Consider Luggage Fees for Oversize Carry-Ons
Airlines often find ways to increase revenues, and now they want to charge for over-size carry-on bags through airline luggage fees.
Retail Sales See Slowest Growth in More Than One Year
U.S. chain stores saw the second quarter end with the slowest retail sales growth in over one year according to an ICSC-Goldman Sachs survey.
Personal Income Shows Modest Gains
The Bureau of Economic Analysis recent release of personal income and outlays for May showed modest growth in incomes of just 0.2%.
Jobless Claims Record Slight Decline, U.S. Firms Watching Europe Debt Crisis
American workers filed 6,000 fewer jobless claims in the week ending June 23, according to the U.S. Labor Department.
First Quarter 2012 GDP Rose 1.9 Percent
Due to the economic sluggishness seen in the first quarter 2012 GDP, economists think the Fed will move to stimulate economic growth.
Case-Shiller Home Price Index Shows Home Prices Rise in Most Cities
The Case-Shiller Home Price Index reveals home prices increased an average of 1.3% on an unadjusted basis from March to April.
Consumer Confidence Drops for the Fourth Straight Month
The Consumer Conference Board’s report on consumer confidence index shows that confidence is down in June.
May 2012 New Home Sales Sail to Surprising Heights Gaining 7.3%
The US got some good news on the first Monday of summer – new home sales rose 7.3 percent to levels not attained since April, 2010.
Fed Changes Employment Outlook for 2012
The employment outlook appears stagnant for the near-term.
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Most Recent
Consumer Confidence Sinks to Lowest Level This Year, Politics Blamed
Steady unemployment and continued sluggishness in the United States economy helped drive consumer confidence to its lowest level in 2012.
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GDP Slows Down in Q2, Concerns about Sluggish Economy
The GDP measures the output of goods and services within U.S. borders.
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Consumer Price Index Remains Steady in June
The Consumer Price Index represents the broadest measurement employed by the Labor Department because the gauge includes goods and services.
Read MoreThird Time is Not the Charm – US Retail Sales Fall for Third Straight Month
With gasoline purchases excluded from the data retail sales slid by 0.3 percent in June.
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FOMC Split on Need for New Financial Stimulus
A big cause in the split on whether QE3 was necessary is the possibility that another financial stimulus could lead to increased inflation.
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US Economy Stumbles Along in June
The US economy appears stuck in a holding pattern – businesses and employers are on the sideline.
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