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  • U.S. Economy: 252,000 jobs added in December

    The US economy added 252,000 jobs in December, while the unemployment rate fell to 5.6% from 5.8%, according to Labor Department figures.

    The jobs figure was higher than analysts' expectations of 240,000.

    In addition, figures for the number of jobs created in October and November were both revised upwards.

    The fall in the jobless rate was largely due to a drop in the number of people seeking work. The jobless rate is now at its lowest since June 2008.

    The strongest jobs growth was in professional and business services, construction, healthcare and food services, according to the data released by the US Labor Department.

    More: http://www.bbc.com/news/business-30747798

  • #2
    U.S. producer prices post biggest drop in three years

    U.S. producer prices in December recorded their biggest fall in more than three years on
    tumbling energy costs, while underlying inflation pressures were muted, a cautionary note for the Federal Reserve as it ponders its next step on monetary policy.

    The Labor Department said on Thursday its producer price index for final demand declined 0.3 percent, the biggest drop since October 2011, after falling 0.2 percent in November.

    In the 12 months through December, producer prices increased 1.1 percent, the smallest gain since November 2013, after rising 1.4 percent in November. Economists polled by Reuters had forecast the PPI dropping 0.4 percent in December and increasing.


    More: http://www.reuters.com/article/2015/...0KO1H320150115

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    • #3
      U.S. consumer spending weakest since 2009, inflation muted

      U.S. consumer spending recorded its biggest decline since late 2009 in December, with households appearing to save the extra cash from cheaper gasoline, which could support future consumption.

      The Commerce Department said on Monday consumer spending, which accounts for more than two-thirds of U.S. economic activity, fell 0.3 percent after a 0.5 percent gain in November.


      More: http://www.reuters.com/article/2015/...0L619N20150202

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      • #4
        U.S. economy slowed in fourth quarter, but growth outlook still favorable

        U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a moderate increase in business inventories and a wider trade deficit, but strong domestic demand brightened the outlook.

        Gross domestic product expanded at a 2.2 percent annual pace, revised down from the 2.6 percent pace estimated last month, the Commerce Department said on Friday. The economy grew at a 5 percent rate in the third quarter.

        Growth is poised to pick up in the first quarter now that the threat of an inventory overhang has diminished. However, an exceptionally cold and snowy February, as well as reductions in oil and gas drilling, could limit the pace of expansion.

        More: http://www.reuters.com/article/2015/...0LV1IY20150227

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        • #5
          U.S. companies are stashing $2.1 trillion overseas to avoid taxes

          Eight of the biggest U.S. technology companies added a combined $69 billion to their stockpiled offshore profits over the past year, even as some corporations in other industries felt pressure to bring cash back home.

          Microsoft Corp., Apple Inc., Google Inc. and five other tech firms now account for more than a fifth of the $2.10 trillion in profits that U.S. companies are holding overseas, according to a Bloomberg News review of the securities filings of 304 corporations. The total amount held outside the U.S. by the companies was up 8 percent from the previous year, though 58 companies reported smaller stockpiles.

          More: http://www.bloomberg.com/news/articl...to-avoid-taxes

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          • #6
            Soft U.S. data hints at near-term hiccup in economic growth

            The number of Americans filing new claims for unemployment aid last week rose to its highest level since May, but economists dismissed the increase as weather-related and said the jobs market remained solid.

            They were also little perturbed by other data on Thursday that showed factory orders fell in January for a sixth straight month and fourth-quarter productivity declined by more than initially thought.

            The reports, however, suggested some near-term weakness in economic growth.

            More: http://www.reuters.com/article/2015/...0M11IA20150305

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            • #7
              U.S. GDP unrevised at 2.2 percent in fourth quarter; corporate profits fall

              U.S. economic growth cooled in the fourth quarter as previously estimated, with businesses throttling back on inventory and equipment investment but robust consumer spending limiting the slowdown in the pace of activity.

              Gross domestic product expanded at a 2.2 percent annual rate, unrevised from last month's forecast, the Commerce Department said on Friday in its third GDP estimate. The economy grew at a 5 percent rate in the third quarter.

              More: http://www.reuters.com/article/2015/...0MN1H820150327

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              • #8
                U.S. jobless claims fall; continuing claims lowest since 2000

                The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continues to expand at a solid clip even as economic growth has stalled.

                Initial claims for state unemployment benefits dropped 20,000 to a seasonally adjusted 268,000 for the week ended March 28, the Labor Department said on Thursday.

                Claims for the prior week were revised to show 6,000 more applications received than previously reported.


                More: http://www.reuters.com/article/2015/...0MT1BT20150402

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                • #9
                  U.S. job gains weakest since 2013; unemployment rate steady

                  U.S. employers added the fewest number of jobs in more than a year in March, which could heighten concerns over the recent slowdown in economic growth and delay an anticipated interest rate increase by the Federal Reserve.

                  Nonfarm payrolls rose 126,000 last month, the smallest gain since December 2013, the Labor Department said on Friday. The goods producing sector, which had been hurt by a strong dollar and lower crude oil prices, shed 13,000 jobs in March - the largest drop since July 2013.

                  The unemployment rate held at a more than 6-1/2-year low of 5.5 percent because people dropped out of the labor force.

                  More: http://www.reuters.com/article/2015/...0MU07X20150403

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                  • #10
                    U.S. business investment plans fall for seventh straight month

                    U.S. business investment spending plans fell for a seventh straight month in March, likely weighed down by a strong dollar and lower energy prices, suggesting the economy could struggle to rebound from a soft patch hit at the start of the year.

                    The Commerce Department said on Friday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, declined 0.5 percent last month after a revised 2.2 percent drop in February, which was the biggest drop since July 2013.

                    The so-called core capital goods orders were previously reported to have declined 1.1 percent in February.


                    More: http://www.reuters.com/article/2015/...0NF1CD20150424

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                    • #11
                      U.S. economy poised to thaw after winter chill

                      U.S. economic growth likely braked sharply in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices cut spending, but there are signs activity is picking up.

                      Gross domestic product probably expanded at a 1.0 percent annual rate, according to a Reuters survey of economists. That would be a step down from the fourth quarter's 2.2 percent pace and mark the weakest reading in a year.



                      More: http://www.reuters.com/article/2015/...0NK08520150429

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                      • #12
                        Fancy fast food shares surge in U.S. as Shake Shack draws shorts

                        Investors seem willing to pay just about anything for a better burger.

                        Half a dozen food chains have held piping-hot stock market debuts in the past year to meet a growing appetite for "fast-casual" restaurants catering to younger and more affluent diners willing to pay more for fresher, higher quality fare than they expect to find at traditional fast food places like McDonald's.

                        Wall Street hopes the new crop of publicly traded eateries will replicate the success of Chipotle Mexican Grill Inc (CMG.N), which has grown to about 1,800 restaurants since its 2006 debut. With consumer spending showing signs of improvement and more diners keen on antibiotic-free meats and other healthy foods, now is a great time for restaurants in that niche, especially ones adept at building grass-roots buzz and loyalty, experts said.

                        More: http://www.reuters.com/article/2015/...0NQ0A320150505

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                        • #13
                          U.S. job growth seen regaining steam, keeping Fed rate hike on track

                          U.S. job growth likely rebounded last month and the unemployment rate probably dropped to a near seven-year low, signs of a pick up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year.

                          Nonfarm payrolls likely jumped by 224,000 after increasing by 126,000 in March, according to a Reuters survey of economists. The jobless rate is seen dropping one-tenth of a percentage point to 5.4 percent, which would be the lowest since May 2008.

                          The Labor Department will release its closely followed employment report at 8:30 a.m. (1230 GMT) on Friday.


                          More: http://www.reuters.com/article/2015/...0NS1DT20150508

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                          • #14
                            Wall Street just got more pessimistic about the U.S. economy. Will the Fed follow suit?

                            Federal Reserve officials will probably cut their forecasts for economic growth when they gather again next month, though not enough to deter their intent to raise interest rates later this year.

                            The median respondent to a survey of 79 economists conducted by Bloomberg from May 8 to May 13 said U.S. gross domestic product would grow 2.3 percent in the final quarter of 2015 from a year earlier, down from the 2.7 percent median estimate in April.


                            More: http://www.bloomberg.com/news/articl...d-follow-suit-

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                            • #15
                              U.S. economy shrank in first quarter

                              The US economy shrank 0.7% in the first three months of 2015, compared to the same period last year.

                              The Bureau of Economic Analysis significantly revised down its earlier economic growth estimate of 0.2%.

                              The previous calculation underestimated the rise in the volume of imported goods and overestimated capital investment by companies, it said.


                              More: http://www.bbc.com/news/business-32931189

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