ISM manufacturing index shrinks less than expected in June; slowest pace since AugustNEW YORK — A report on manufacturing activity shows the sector contracted less than expected in June, posting its best showing since last August and another sign that a recovery may be near. Millions of Americans get stimulus payments in May, but money goes into savings, not spendingWASHINGTON — Households raised their savings rate to the highest level in more than 15 years in May as many used a big boost in money from the government’s stimulus program to bolster nest eggs rather than to spend more. Still, with consumer spending expected to stay subdued, a sustained economic recovery seems doubtful anytime soon. Households push savings rate to 15-year high as May incomes rise by largest amount in a yearWASHINGTON — Households pushed their savings rate to the highest level in more than 15 years in May as a big boost in incomes from the government’s stimulus program was devoted more to bolstering nest eggs than increased spending. New jobless claims rise unexpectedly; economy sinks less than expected in first quarterWASHINGTON — Despite persistent layoffs, the economy seems to be faring better than it was at the start of the year. Economy sinks less than expected in first quarter; new jobless claims rise unexpectedlyWASHINGTON — The economy tumbled at a 5.5 percent pace in the first quarter, but appears to be doing better now, even though heavy layoffs persist. Economy sinks at less-than-expected 5.5 percent pace in 1Q; should be doing better nowWASHINGTON — The economy tumbled at a 5.5 percent pace in the first quarter, but appears to be doing better now. Manufacturing data show recession near bottom; drop in new home sales signals slow recoveryWASHINGTON — New signals the recession could be nearing a bottom emerged Wednesday in figures showing that orders to U.S. factories surged last month for everything from computers to aircraft and that a gauge of business investment rose by the most in nearly five years. Durable goods orders rise sharply for second straight month in May; new home sales disappointWASHINGTON — Orders to U.S. factories for manufactured goods from computers to aircraft surged in May for a second straight month. And a gauge of business investment rose last month by the most in nearly five years. Together, the data Wednesday signal that the recession could be at or near a bottom. Durable goods orders up sharply for second straight month in May, led by big gains in aircraftWASHINGTON — Orders to U.S. factories for big-ticket manufactured goods rose sharply for a second straight month in May, and a key indicator of business investment surged by the largest amount in nearly five years. Jobless benefit rolls drop for first time since January, but new hiring remains elusiveWASHINGTON — On the surface, the government seemed to signal Thursday that more Americans are finding jobs: The number of people receiving unemployment aid fell for the first time since early January. Total US unemployment insurance rolls drop to 6.7 million; first decline since early JanuaryWASHINGTON — The total number of people on the unemployment insurance rolls dropped for the first time since early January, the government said Thursday, while new claims for benefits rose slightly. Total unemployment insurance rolls drop for first time since early JanuaryWASHINGTON — The total number of people on the unemployment insurance rolls has dropped for the first time since early January, while first-time claims for benefits rose slightly. Consumer prices edge up as slow economy keeps inflation in check; Fed unlikely to raise ratesWASHINGTON — Consumer prices rose less than expected in May and posted the steepest annual drop in 59 years, according to government data released Wednesday, fresh evidence that the recession is keeping inflation in check. Consumer prices rise less than expected in May, slow economy keeps inflation in checkWASHINGTON — Consumer prices rose less than expected in May and posted the steepest annual drop in 59 years, according to government data released Wednesday, fresh evidence that the recession is keeping inflation in check. Housing starts rebound in May while inflation stays in check; signs of stability at low levelsWASHINGTON — Fresh signs that the economy is stabilizing — though at very low levels — emerged Tuesday in reports that home construction rose more than expected last month and wholesale prices remain in check. High unemployment leaves consumers with less money to spend, could slow recoveryWASHINGTON — The number of people receiving unemployment benefits has set another record, a development likely to weigh on consumer spending and slow the economy’s recovery. New jobless claims drop more than expected; retail sales rise for first time in 3 monthsWASHINGTON — The number of newly laid-off Americans filing jobless claims fell more than expected last week and retail sales grew in May for the first time in three months. But a rise in the number of people continuing to receive jobless aid signaled that an economic recovery is still far off. New jobless claims drop more than expected as layoffs ease; continuing claims set new recordWASHINGTON — The number of newly laid-off Americans filing for jobless benefits fell for the third time in the past four weeks, fresh evidence that companies are cutting fewer jobs. Trade deficit edges higher for second straight month in April, reflects rising oil pricesWASHINGTON — The U.S. trade deficit edged up in April as crude oil prices hit the highest level since December. But the imbalance so far in 2009 remained well below last year’s pace and economists expect that to continue as the global recession dampens demand for automobiles, heavy machinery and other goods. Wholesale inventories drop more than expected in April, marking eighth straight declineWASHINGTON — Wholesalers slashed inventories more than expected in April as businesses struggled to get stockpiles in line with falling sales. Economy sheds 345,000 jobs in May, a big improvement; jobless past shoots well past 9 percentWASHINGTON — Employers throttled back on layoffs in May and cut the fewest jobs in any month since the financial crisis erupted last fall — raising the brightest hope yet that an economic recovery will take hold later this year. Jobless rate jumps to 9.4 percent in May, even as layoffs slow to 345,000WASHINGTON — With companies in no mood to hire, the unemployment rate jumped to 9.4 percent in May, the highest in more than 25 years. But the pace of layoffs eased, with employers cutting 345,000 jobs, the fewest since September. Pace of layoffs expected to slow, but jobless rate likely rose above 9 percent in MayWASHINGTON — With companies in no mood to hire, the unemployment rate is still rising. But the furious pace of layoffs is easing as the recession loosens its hold on the country. Jobless claims drop, but unemployment is expected to keep risingWASHINGTON — The number of people on the jobless rolls is down by a fraction, but those figures could be deceiving: Economists expect the unemployment rate to rise again on Friday, and jobs should be scarce for months to come. New jobless claims dip to 621,000; continuing claims fall for first time in 20 weeksWASHINGTON — The number of people on the unemployment insurance rolls fell slightly for the first time in 20 weeks, while the tally of new jobless claims also dipped, the government said Thursday. Disappointing data on service sector, factory orders point to slow recovery later this yearWASHINGTON — A pair of economic reports on Wednesday indicated only slight improvement in the service and manufacturing sectors, suggesting that any economic recovery will be gradual. Contraction slows in service sector, factory orders rise slightly, but slow recovery expectedNEW YORK — The U.S. service sector shrank last month at the slowest pace since late last year and orders to U.S. factory orders rose in April, but the improvements were incremental and economists say a real recovery will be long and slow. ISM says service sector contracts at slowest pace since Oct.; recovery likely to be slowNEW YORK — The U.S. service sector shrank last month at the slowest pace since late last year and orders to U.S. factory orders rose in April, but the improvements were incremental and economists say a real recovery will be long and slow. Private group says service sector contracts at slowest pace since OctoberNEW YORK — The U.S. services economy shrank in May at the slowest pace since October, a private group said Wednesday. Economists had expected an even slower pace of contraction, however. Pending US home sales rise more than expected in April, biggest monthly jump in nearly 8 yearsWASHINGTON — The number of U.S. homebuyers who agreed to buy a previously occupied home took the largest monthly jump in nearly eight years in April, but there are still plenty of danger signs for the U.S. housing market. |
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