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Tag Archives: consumer confidence

U.S. consumers more confident in the economy in July

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 ...

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Jobless aid applications fall to 6-week low

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 ...

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Factory orders increased 0.7 percent in May

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 ...

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Manufacturing shrinks for first time in 3 years

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 ...

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Pending home sales at highest level in 2 years

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 ...

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Consumer confidence slipped in June

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 ...

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Retail sales dropped 0.2 percent in May

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 ...

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Hiring slows sharply as economy looks weaker

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 ...

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