Consumer sentiment improves more than expected; Home prices post 1st increase in 3 yearsWASHINGTON — Consumer sentiment rose more than expected in August, and home prices in a closely watched index posted their first quarterly increase in three years, more signs that the economy is on the rebound. Consumer sentiment improves more than expected to 54.1 in AugustWASHINGTON — Consumer sentiment rose more than expected in August, an indication that Americans’ pessimism about the economy may be lifting. Weak job market could dampen consumer spending and hold back an economic recoveryWASHINGTON — The job market is thawing at a snail’s pace, raising doubts about whether consumer spending will become vigorous enough to sustain an economic recovery anytime soon. New jobless claims rise unexpectedly to 576,000; total benefit rolls show little changeWASHINGTON — The number of first-time claims for unemployment benefits rose unexpectedly for the second straight week, a sign that jobs remain scarce even as other data show the economy is stabilizing. Wholesale prices post record 12-month decline, will likely remain subdued given weak economyWASHINGTON — Inflation was a no-show in July and likely will stay away for months to come, giving the Federal Reserve room to keep invigorating the economy with record-low interest rates. Wholesale prices fall more than expected in July, hit record-low over past 12 monthsWASHINGTON — Wholesale prices dropped sharply in July, and over the past 12 months fell by the largest amount in more than six decades of record-keeping. Consumer prices tumble by steepest amount since 1950; meager spending could slow recoveryWASHINGTON — Consumer prices have fallen more in the past year than in any 12-month period in nearly six decades — a huge break for shoppers but also a reminder that prices are being restrained by weak spending that’s likely to slow an economic recovery. Consumer prices flat in July and down 2.1 percent over past year, biggest drop in 59 yearsWASHINGTON — Consumer prices were flat in July as energy costs retreated following a big surge in June. Over the past 12 months, prices dropped the most in nearly six decades as the recession and lower energy costs kept a lid on inflation. Retail sales bleak for July, reinforcing fears consumers won’t spend; flat prices forecastWASHINGTON — Retail sales dropped in July, government data showed, reinforcing concerns among economists that consumers won’t spend enough to help a recovery take hold. But Friday is expected to bring better news: July inflation is expected to have remained flat, and industrial production is likely to have grown for the first time in nine months. Retail sales bleak for July, reinforcing fears consumers won’t spend the economy to recoveryWASHINGTON — A bleak report on retail sales Thursday reinforced a nagging worry of economists: Shoppers won’t spend enough to help a recovery take hold. Unexpected drop in July retail sales, rise in new jobless claims point to strained recoveryWASHINGTON — Retail sales disappointed in July and the number of newly laid-off workers filing claims for unemployment benefits rose unexpectedly last week. The latest government reports reinforced concerns about how quickly consumers will be able to contribute to a broad economic recovery. Unexpected rise in new jobless claims, drop in July retail sales point to strained recoveryWASHINGTON — Retail sales disappointed in July and the number of newly laid-off workers filing claims for unemployment benefits rose unexpectedly last week. The latest government reports reinforced concerns about how quickly consumers will be able to contribute to a broad economic recovery. New jobless claims rise unexpectedly to 558,000, while continuing claims drop to 6.2 millionWASHINGTON — The number of newly laid-off workers filing claims for unemployment benefits rose unexpectedly last week, while the tally of continuing claims fell. Fed gives vote of confidence in economy, with jobless and retail reports to comeWASHINGTON — The Federal Reserve said the economy may be “leveling out” as it held interest rates at record lows, while the weekly jobless claims to be released Thursday may give another sign of whether the recession is nearing an end. Trade deficit widens, imports up for first time in 11 months, exports post 2nd straight gainWASHINGTON — The U.S. trade deficit edged up in June as imports rose for the first time in 11 months and exports rose for the second straight month, confirming that the global recession is easing its grip. Trade deficit widens slightly in June to $27 billion as imports rise for 1st time in 11 monthsWASHINGTON — The U.S. trade deficit edged up slightly in June as imports rose for the first time in 11 months, another sign that the worst recession since World War II is beginning to loosen its grip on the economy. Productivity surges in 2nd quarter at fastest rate in almost 6 years while labor costs plungeWASHINGTON — Productivity surged in the spring by the largest amount in almost six years while labor costs plunged at the fastest pace in nine years. The results point to a recession losing steam, but they do not bode well for the unemployed or those forced to work shorter weeks who were hoping for more hours. Fewer job losses, along with gains in pay and hours, could lift confidence and spawn recoveryWASHINGTON — It’s the clearest sign yet the recession is finally ending: Employers laid off far fewer workers in July, the jobless rate dipped for the first time in 15 months and workers’ hours and pay edged upward. Employers cut fewer jobs in July; unemployment rate dips, a strong signal recession is endingWASHINGTON — Employers sharply scaled back layoffs in July, and the unemployment rate dipped for the first time in 15 months, sending a strong signal that the worst recession since World War II is finally ending. Employers cut just 247,000 jobs in July; jobless rate dips, strong signal recession endingWASHINGTON — Employers sharply scaled back layoffs in July, and the unemployment rate dipped for the first time in 15 months, sending a strong signal that the worst recession since World War II is finally ending. Fewer layoffs expected in July as recession winds down, but firms show little appetite to hireWASHINGTON — First, the good news. Workers probably got slapped with fewer pink slips in July as the worst recession since World War II winds down. Pace of layoffs is expected to slow further as fewer file claims for jobless benefitsWASHINGTON — In a positive sign for the economy, companies are laying off fewer workers as they prepare to ramp up production to replenish their depleted stockpiles of goods. Fresh evidences hint at slowing down of lay-offs
Private measure of service sector health drops unexpectedly in July from previous monthNEW YORK — Shrinking business activity, fewer new orders and lower employment sapped some modest momentum from the U.S. services sector in July, although economists said the setback likely was a blip and not the start of a troubling trend. Consumer spending up in , unlikely to lead recovery as incomes fall, unemployment risesWASHINGTON — As gasoline prices rose, Americans spent more in June than the previous month — despite falling incomes. For the rest of the year, economists expect falling wages and rising unemployment to act as a drag on spending. Consumer spending up in June but unlikely to lead recovery as incomes fall, unemployment risesWASHINGTON — As gasoline prices rose, Americans spent more in June than the previous month — despite falling incomes. For the rest of the year, economists expect falling wages and rising unemployment to act as a drag on spending. Consumer spending up in June for 2nd straight month, personal incomes drop more than expectedWASHINGTON — Consumers opened their wallets and pocketbooks a bit more in June, increasing their spending for the second straight month while saving less, even as incomes fell sharply. Trade group’s measure of US manufacturing activity dips less than expected; best since AugustNEW YORK — U.S. manufacturing activity should grow next month for the first time since January 2008 as industrial companies work to restock customers’ bare shelves, a trade group said Monday. Obama officials say middle class may face tax hike to reduce deficit, pay for health careWASHINGTON — Two of President Barack Obama’s economic heavyweights said middle-class taxes might have to go up to pare budget deficits or to pay for the proposed overhaul of the nation’s health care system. No gurantee that middle class americans would see tax cuts: Obama officials
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WASHINGTON — The number of newly-laid off workers seeking unemployment insurance fell last week, the government said Thursday, fresh evidence that layoffs are easing. The Labor Department said that initial claims for jobless benefits dropped to a seasonally adjusted 550,000 for the week ending Aug. 1, down from an upwardly revised figure of 588,000 in the previous week.
WASHINGTON — President Barack Obama’s treasury secretary said Sunday he cannot rule out higher taxes to help tame an exploding budget deficit, and his chief economic adviser would not dismiss raising them on middle-class Americans as part of a health care overhaul.
