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...
The inconsistent start to 2017 from an economic perspective may be starting to even out some as the most recent consumer spending report indicated that consumer spending increased by the most it has all year in April. Consumer spending is the single largest driver of...
Slow going, at least for now. The U.S. economy showed growth, albeit muted, in the first quarter of 2017. And in fact, the latest numbers out from the government show that growth has lagged to its slowest pace in three years. Gross domestic product grew...
