NEW YORK — Americans breathed a bit easier about the economy in July, as a better outlook on short-term hiring and lower gas prices offset lingering worries about poor income growth. The Conference Board said Tuesday that its Consumer Confidence ...Read More »
DETROIT — The raft of gloomy economic news may be starting to hurt U.S. auto sales. Industry analysts and dealers said this week that sales during the first half of July slowed a bit from the robust pace in June. ...Read More »
WASHINGTON — Americans put more on their credit cards in May than in any single month since November 2007, one month before the Great Recession began. But overall credit card use is still well below where it was just before ...Read More »
WASHINGTON — Fewer people applied for U.S. unemployment benefits last week, and a private survey showed hiring picked up in June. The reports offered some hope for the job market after three sluggish months of hiring. Weekly unemployment benefit applications ...Read More »
WASHINGTON — Companies placed more orders with U.S. factories in May from April, demanding more computers, machinery and other equipment that signal investment plans. The increase is a welcome sign after two months of declining factory orders. Still, factory orders ...Read More »
WASHINGTON — U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening. Production declined, and the number of new orders plunged, according to a monthly report released Monday by ...Read More »
WASHINGTON — Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years. The increase suggests consumers are gaining confidence in the housing market and a modest recovery will continue. The National Association ...
Tagged with: consumer confidence contracts Economy hiring home values homes housing market inventory National Association of Realtors new homes previously occupied homes prices sales standard & poor's/case-shiller indexRead More »
NEW YORK — Americans can’t seem to shake their uneasy feeling about the economy. Consumer confidence fell in June for the fourth straight month as worries about the economy outweighed relief at the gas pump, according to a private research ...
Tagged with: AAA conference board consumer confidence consumer confidence index consumer spending consumers Economy hiring home values international council of shopping centers jobs Olive Garden Recession RetailRead More »
WASHINGTON — Americans barely increased their spending at retail businesses in April and May, constrained by weak job creation and paltry wage increases. A sharp drop in gas prices pulled down overall sales in both months by 0.2 percent, the ...Read More »
WASHINGTON — The U.S. economy suddenly looks a lot weaker. U.S. employers created only 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up. The dismal jobs data will fan fears that the economy is ...Read More »