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Tag Archives: commerce department

Factory orders fell in March by most in 3 years

WASHINGTON — Demand for U.S. factory goods dropped in March by the most in three years, driven lower by a sharp fall in volatile orders for commercial aircraft. Still, more recent data suggest the decline may be temporary. The Commerce ...

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Manufacturing grows at fastest pace since June

WASHINGTON — U.S. manufacturing grew last month at the fastest pace in 10 months. New orders, production and a measure of hiring all rose. The strength at U.S. factories suggests the economy is healthier than recent data had indicated. That’s ...

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U.S. growth slowed to 2.2 percent in first quarter

WASHINGTON — The U.S. economy grew more slowly in the first three months of this year. Governments spent less, and businesses cut back on investment. But consumers spent at the fastest pace in more than a year. The result suggests ...

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Foreclosures squeeze U.S. home prices, sales

WASHINGTON — Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak. Foreclosed homes are usually sold at steep discounts, thereby lowering average prices. And by expanding the supply of low-priced previously occupied homes, ...

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Home building slows, permits hit three-and-a-half-year high

WASHINGTON — U.S. builders requested the most permits in March for single-family homes and apartments in 3½ years, suggesting that many expect the housing market to improve over the next year. The Commerce Department said Tuesday that permits, a gauge of ...

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Job market pushes up retail sales in March

WASHINGTON — Americans bought more electronics, started more home improvement projects and updated their wardrobes last month, inspired by warmer weather and a healthier job market. Retail sales rose 0.8 percent in March, the Commerce Department said Monday. The gain ...

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Unemployment rates fall in 29 states

WASHINGTON — Unemployment rates fell last month in most U.S. states, including in some hit hardest during the recession. The Labor Department said Friday that unemployment rates declined in 29 states and rose in 8. Rates were unchanged in 13 ...

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Consumer spending up 0.8 percent, but income lags

WASHINGTON — U.S. consumers boosted their spending in February by the most in seven months. But Americans’ income barely grew, and the saving rate fell to its lowest point in more than two years. The Commerce Department said Friday that ...

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Jobless claims fall to lowest level in 4 years

WASHINGTON — The number of people seeking U.S. unemployment benefits dropped last week to the lowest level in four years, adding to evidence that the job market is strengthening. Applications for weekly unemployment benefits fell by 5,000 to a seasonally ...

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