Through ill winds — literally — the U.S. economy managed to grow significantly in the third quarter, as measured by gross domestic product (GDP). According to news from The Wall Street Journal and via data by the Commerce Department, GDP was up 3 percent on an annual basis...
The pace of job growth in the United States slowed a bit in August, decelerating from a prior two months’ worth of heady gains. But as Reuters reported, even with the slowdown, the Federal Reserve still is likely on track to start winding down the...
Jobs growth came in strong in August, with the U.S. private sector hiring more than 237,000 employees during the month. According to a report in Reuters, it marks the largest monthly jump in employment numbers in the past five years and came in higher than economists’...
With car sales in the U.S. increasing for seven straight years, it is having a negative impact on used car values. According to a report in Bloomberg, citing data from Black Book, the auto analytics company, the average used car saw 17 percent of the...
The U.S. labor market in 2017 is getting a bit tighter. And at the same time, the services sector is slowing bit, as measured by economic data in July, dinging what Reuters reported is a “brightening economic outlook.” The news headlines showed that the number...
Last Wednesday, at its most recent meeting, the Federal Reserve held back on raising interest rates. The move, or in this case, non-move, had been widely expected. And it came in the wake of a rate hike that took the benchmark interest rate to a...
Looks like the United States economy may be picking up steam. Numbers from the Commerce Department on Friday showed that gross domestic product gathered momentum after previously weak data. For the second quarter of the year, the economy grew by 2.6 percent as measured on...
The likelihood of the Federal Reserve raising interest rates for a third time this year is diminishing, given consumer prices that didn’t change in June and a decline in retail sales for two months in a row. According to a report in Reuters, the economy...
Tight labor conditions in Japan may give a boost to consumer spending in Japan, Reuters reported. The demand for workers in the country is at a 40 year high, which comes amid a 20 year low in unemployment as measured by April’s data. The numbers...
