Category: Economy

Weekly jobless claims

The number of Americans filing applications for unemployment benefits fell more than expected last week, consistent with strong labor market conditions and continued job...

GDP rose a better-than-expected 1.9% in Q3, thanks to consumers

U.S. gross domestic product — the broadest measure of the U.S. economy — grew faster than expected in the third quarter, but slowed slightly as business investment...

US consumer confidence for October comes in at 125.9, vs 128 expected

A woman shops at a Walmart Supercenter store in Rosemead, California. Frederic J. Brown | AFP | Getty Images U.S. consumer confidence dipped slightly in October as...

Weekly jobless claims

A New York Department of City Administrative Services representative, left, speaks with job seekers during a Catalyst Career Group job fair in New York. Caitlin Ochs |...

US industrial production September 2019

A worker assembles components on a diesel engine at the Cummins Seymour Engine Plant in Seymour, Indiana, Jan. 29, 2019. Luke Sharrett | Bloomberg | Getty Images U.S....

Millennials to trigger changeover point for the US economy, Bill Smead says

A fundamental shift in the spending habits of U.S. millennials will have an incredible impact on the world’s largest economy, according to the CEO of Smead Capital...

Weekly mortgage refinances jump 10%

A home mortgage sign on a Wells Fargo branch in Brooklyn, New York. Getty Images An unexpected decline in mortgage interest rates had homeowners calling their lenders...

Here’s where the jobs are for September 2019 — in one chart

The September 2019 jobs report showed decent hiring during the month with the health-care and education industries seeing the biggest growth. The government reported...

Harker says Fed should ‘hold firm’ on interest rates

Philadelphia Fed President Patrick Harker thinks interest rates should hold steady as events unfold in what he called a  strong economy that also has “clear...

Computer analysis of CEO transcripts points to an economic slowdown

Xinhua News Agency | Xinhua News Agency | Getty Images The latest proof of a U.S. economic slowdown is in, and this time it came from a computer analysis. Barclays used...