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Tag Archives: commerce department

Americans cut spending for first time in 20 months

WASHINGTON — Americans cut back on their spending in June for the first time in nearly two years and their incomes grew by the smallest amount in nine months, a troubling sign for an economy that is barely growing. Consumer spending ...

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Manufacturing growth hits lowest level in 2 years

WASHINGTON — Manufacturers had their weakest growth in two years in July, a sign that the economy could weaken this summer. The Institute for Supply Management, a trade group of purchasing executives, said Monday that its index of manufacturing activity ...

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Applications for unemployment aid drop below 400K

WASHINGTON — The number of people seeking unemployment benefits dropped last week to the lowest level since early April, a sign the job market may be healing after a recent slump. The Labor Department said Thursday that weekly applications fell ...

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Durable goods orders fall 2.1 percent in June

WASHINGTON — Businesses cut back on orders for aircraft, autos, heavy machinery and computers in June, sending demand for long-lasting manufactured goods lower for the second month in the past three. Orders for durable goods fell 2.1 percent last month, ...

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Home building jumps in June after dismal spring

WASHINGTON — U.S. builders broke ground on more single-family homes and apartments in June, helping the battered construction industry gain a little life after a dismal spring. The Commerce Department said Tuesday that builders began work on a seasonally adjusted ...

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Wholesale inventories up in May but sales decline

WASHINGTON — Wholesale companies added to their stockpiles for a 17th straight month in May but their sales declined for only the second time in the past 11 months, providing further evidence of the U.S. economy’s slowdown in the spring. ...

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