Economy appears poised to grow in current quarter, after figures show recession is fadingWASHINGTON — At long last, the worst recession since World War II appears on the verge of ending. Economy dips at 1 percent pace in 2Q, sign recession may be finally drawing to a closeWASHINGTON — The economy sank at a pace of just 1 percent in the second quarter of the year, a new government report shows. It was a better-than-expected showing that provided the strongest signal yet that the longest recession since World War II is finally winding down. GDP report likely to show recession eased from April though June, shrinking at 1.5 pct paceWASHINGTON — The recession likely eased in the spring, with the U.S. economy no longer in free-fall. July jobs report out next week likely to show far fewer layoffs than in June, economists sayWASHINGTON — Fewer people are claiming jobless benefits, leading economists to project that next week’s employment report will show a sharp drop in job losses for July compared with June. New jobless claims up, mainly due to seasonal changes, but trend is down; fewer receiving aidWASHINGTON — The number of newly laid-off workers filing first-time claims for jobless benefits rose last week, the government said, though the increase was mostly due to seasonal distortions. New jobless claims rise more than expected, mostly due to seasonal distortionsWASHINGTON — The number of newly laid-off workers filing first-time claims for jobless benefits rose last week, the government said, though the increase was mostly due to seasonal distortions. Fed survey: Economy finally shows signs of stabilizing in some parts of countryWASHINGTON — The economy is finally showing signs of stabilizing in some regions of the country — especially in parts of the Northeast and Midwest — bolstering hopes of a broader-based recovery this year. Durable goods orders plunge by largest amount in 5 months as aircrafts and autos both dropWASHINGTON — Orders to U.S. factories for big-ticket durable goods plunged in June by the largest amount in five months, reflecting the continuing troubles in the auto industry and a steep drop in demand for commercial aircraft. Consumer confidence falls again as Americans keep fretting about job securityNEW YORK — Americans are looking past the stock market surge and signs of a stabilizing economy and focusing on something more personal — job worries. Private research group says job worries cause confidence to fall further in JulyNEW YORK — Americans’ confidence in the economy eroded further in July as worries about job security offset any enthusiasm about the resumed stock market rally that has helped bolster retirement accounts. Existing home sales rise in June for the third consecutive month, as the Dow breaks 9000WASHINGTON — The U.S. housing market is finally on the mend after its most far-reaching collapse in 70 years. That could help rebuild consumer confidence and revive the economy. New jobless claims rise more than expected to 554,000, total unemployment benefit rolls fallWASHINGTON — The number of newly laid-off workers seeking jobless benefits rose last week, though the government said its report again was distorted by the timing of auto plant shutdowns. Leading economic indicators rise more than expected in June, 3rd straight monthly increaseNEW YORK — More plans to build homes, higher stock prices and fewer people filing first-time claims for jobless aid sent a private-sector forecast of U.S. economic activity higher than expected in June. June housing construction rises to highest level in 7 months; building permits also soarWASHINGTON — Construction of new U.S. homes rose in June to the highest level in seven months as builders rushed to pour foundations for homes that must be completed by the end of November for first-time buyers to take advantage of a special tax break. New jobless claims drop to 522,000, but mostly due to problems adjusting for auto shutdownsWASHINGTON — The number of newly laid-off Americans signing up for unemployment benefits last week, and those using this safety net over a longer period, both plunged. But the government figures released Thursday were clouded by difficulties adjusting for temporary shutdowns at auto plants. Prices rise in June, but economists say it’s just a blip _ falling prices the bigger threatWASHINGTON — Sharply higher prices for everyday goods in June reflected a surge at the gas pump, not the start of a dangerous bout of inflation. In fact, economists say falling prices are the bigger danger. Consumer prices climb in June at quickest pace in 11 months, industrial production slide slowsWASHINGTON — Consumer prices shot up in June by the largest amount in 11 months, reflecting the biggest jump in gasoline prices in nearly five years. Consumer inflation in June rises at fastest pace in 11 months as gasoline costs surgeWASHINGTON — Consumer prices shot up in June by the largest amount in 11 months, reflecting the biggest jump in gasoline prices in nearly five years. Higher energy prices push wholesale inflation, retail sales up more than expected in JuneWASHINGTON — Higher energy prices rippled through the economy in June, helping drive bigger-than-expected gains in retail sales and inflation at the producer level. Wholesale prices, retail sales rise more than expected in June, led by higher energy costsWASHINGTON — Higher energy prices rippled through the economy in June, helping to drive a bigger-than-expected gain in retail sales. Wholesale prices rise bigger-than-expected 1.8 percent in June, most since ‘07, led by energyWASHINGTON — Wholesale prices took a bigger-than-expected leap in June, rising the most since November 2007, led by more expensive energy products. Trade deficit unexpectedly narrows to $26 billion in May, lowest level in more than 9 yearsWASHINGTON — The U.S. trade deficit fell to the lowest level in more than nine years in May as exports posted a small gain while the weak American economy pushed imports down for a 10th straight month. Trade deficit narrows to 9-year low in May, exports post small gain while imports keep fallingWASHINGTON — The U.S. trade deficit fell to the lowest level in more than nine years in May as exports posted a small gain while the weak American economy pushed imports down for a 10th straight month. Jobless claims indicate economy remains weak, as benefit rolls reach record near 7 millionWASHINGTON — Even though new claims for jobless benefits fell more than expected last week, dipping below 600,000 for the first time since early January, the number of Americans seeking this safety net points to an economy that is still very weak. New jobless claims plunge to 565,000; continuing claims rise to new record near 6.9 millionWASHINGTON — The number of newly laid-off workers filing initial claims for jobless benefits last week fell to lowest level since early January, largely due to changes in the timing of auto industry layoffs. US service sector shrinks less than expected in June; best showing in 9 monthsNEW YORK — The U.S. services economy — from retailers and restaurants to real estate brokers — contracted less than expected in June in its best showing since before the financial crisis struck last fall, according to a private trade group’s gauge. Economy sheds more jobs in June; those who still have work find it doesn’t pay like it used toWASHINGTON — Americans lucky enough to still have a job are noticing something unpleasant in their paychecks: They’re making less money. Employers cut larger-than-expected 467,000 jobs in June; jobless rate ticks up to 9.5 percentWASHINGTON — Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Workers also saw weekly wages fall, suggesting Americans will have little appetite to spend and the economy’s road to recovery will be bumpy. June jobless rate seen rising to 9.6 percent, expected to keep climbing after recession endsWASHINGTON — Out-of-work with no place to land, the legions of America’s unemployed are growing. Brighter manufacturing news spurs hopes that recession could be nearing an endWASHINGTON — Brighter news on manufacturing is offering more hope that the longest recession since World War II is near an end. But with construction and many other segments of the economy still weak and unemployment rising, any rebound likely will be slow. |
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