Breaking News: Economy
Raphael Bostic Says Fed Needs To 'stay The Course' Despite Lower Wage Gains
Breaking - Published date: .
The Atlanta Fed president said Friday that December's jobs report doesn't change his view on monetary policy. Read more
Record Jobs Gain Of 4.8 Million In June Smashes Expectations; Unemployment Rate Falls To 11.1%
AMERICA - Published date: .
Another big contributor to the decline of the jobless rate was a plunge in those on temporary layoff. That total fell by... Read more
Mortgage Demand Falls For The Second Straight Week, Signaling A Potential Slowdown In The Housing Recovery
AMERICA - Published date: .
The surge in mortgage demand from homebuyers over the past two months appears to be waning, even as mortgage rates conti... Read more
June Private Payrolls Rose 2.37 Million And There Was A Big Positive Revision For May, ADP Says
AMERICA - Published date: .
Private payrolls grew by 2.369 million for the month, a bit lower than the 2.5 million expectation from economists surve... Read more
Total Of Those Receiving Unemployment Benefits Falls Below 20 Million
AMERICA - Published date: .
Jobless claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly hi... Read more
U.S. GDP Fell At A 5% Rate In The First Quarter, And The Worse Is Likely On The Way
AMERICA - Published date: .
The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-mont... Read more
Fed's Rosengren Reports 'tremendous Interest' From Businesses For Loan Program
AMERICA - Published date: .
As the Main Street lending facility wraps up its first full week of operation, Rosengren reported brisk interest on the ... Read more
Jobless Claims Total 1.5 Million, Worse Than Expected As Economic Pain Persists
AMERICA - Published date: .
The elevated claims number persists even as all states have reopened to varying degrees and nonfarm payrolls grew by 2.5... Read more
U.S. May Retail Sales Surge 17.7% In The Biggest Monthly Jump Ever
AMERICA - Published date: .
U.S. retail sales were expected to rise 8% in May, after plunging 16.4% the prior month as retailers went into lockdown ... Read more
Powell Warns Of 'significant Uncertainty' About The Recovery And Says Small Businesses Are At Risk
AMERICA - Published date: .
The Fed chairman repeated warnings about the economy during the first day of his semiannual testimony before Congress. Read more
Powell Says The Fed Doesn't Want To 'run Through The Bond Market Like An Elephant'
AMERICA - Published date: .
Powell said the central bank's announced move this week to buy corporate bonds fulfills a pledge it had made earlier but... Read more
Homebuilder Sentiment Posts Biggest Monthly Surge Ever, A Sign Housing Is Rebounding From Coronavirus
AMERICA - Published date: .
Builder sentiment jumped a striking 21 points in June to 58, the largest monthly increase ever in the National Associati... Read more
New York Region Manufacturers Are The Most Optimistic Since The Great Recession
AMERICA - Published date: .
Monthly improvement came across the board, especially in the index of future business conditions. Read more
Weekly Unemployment Claims Better Than Expected As Workers Leave Jobless Rolls
AMERICA - Published date: .
Those collecting benefits declined as well, totaling 20.9 million, compared with a downwardly revised 21.5 million a wee... Read more
Fed Sees Interest Rates Staying Near Zero Through 2022, GDP Bouncing To 5% Next Year
AMERICA - Published date: .
The Fed also said it will continue to increase its bond holdings, targeting Treasury purchases at $80 billion a month an... Read more
U.S. Consumer Prices Post Third Straight Monthly Drop
AMERICA - Published date: .
U.S. consumer prices fell for a third straight month in May as demand remained subdued amid a recession caused by the Co... Read more
Mortgage Demand From Homebuyers Amazes Again, Now Up 13% Annually Despite Rising Rates
AMERICA - Published date: .
Rising interest rates did nothing to deter an onslaught of mortgage demand from homebuyers: Applications for loans to pu... Read more
The U.S. Entered A Recession In February, According To The Official Economic Arbiter
AMERICA - Published date: .
"The unprecedented magnitude of the decline in employment and production, and its broad reach across the entire economy,... Read more
May Sees Biggest Jobs Increase Ever Of 2.5 Million As Economy Starts To Recover From Coronavirus
AMERICA - Published date: .
Nonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%,... Read more
Jobless Claims, Total Unemployment Level Worse Than Expected
AMERICA - Published date: .
First-time claims for unemployment insurance were expected to total 1.775 million last week, according to economists sur... Read more