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Tag Archives: consumer spending

U.S. unemployment claims fall to lowest since 2008

WASHINGTON — The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added to evidence that the job market is strengthening. Applications fell 50,000, the biggest drop in the seasonally adjusted ...

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Consumer confidence index surges in December

Americans are gaining faith that the economy is on the upswing. An improving job outlook helped the Consumer Confidence Index soar to the highest level since April and near a post-recession peak, according to a monthly survey by The Conference ...

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Spending and incomes show weak November gains

WASHINGTON — Consumers spent at a lackluster rate in November as their incomes barely grew, suggesting that Americans may struggle to keep spending more into 2012. Consumer spending rose just 0.1 percent in November, matching the modest October increase, the Commerce ...

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Fed says economy is healthier, takes no new steps

WASHINGTON — The Federal Reserve on Tuesday portrayed the U.S. economy as slightly healthier and held off on any new steps to boost the economy. Hiring is picking up and consumers are spending more despite slower growth globally, the Fed ...

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U.S. retail sales rises for sixth straight month

WASHINGTON — Americans spent more on autos, furniture and clothing at the start of the crucial holiday shopping season, boosting retail sales for a sixth straight month. Retail sales rose 0.2 percent in November, the Commerce Department said Tuesday. That’s ...

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Fed says growth moderate, hiring weak

WASHINGTON — The economy expanded at a slow to moderate pace over the past two months in most areas of the country, but overall hiring was weak, according to a Federal Reserve survey released Wednesday. Modest improvement in all but ...

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Consumers hit retail stores to give economy boost

WASHINGTON — Consumers are giving a modest lift to the economy. They spent more on autos, electronics and building supplies in October to boost retail sales for the fifth straight month. The gains provide an encouraging start for the October-December ...

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Incomes stall as interest on savings dwindles

WASHINGTON — Americans’ incomes have stagnated for three straight months. Yet they boosted their spending in September 0.6 percent — three times the increase in August. Under normal circumstances, that would be a troubling sign for the economy. But a ...

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