News

Articles in "The Economy"

March 7, 2012 09:28 AM
Private sector added 216,000 jobs in February

The private sector added 216,000 jobs in February, according to the latest national employment report from Automatic Data Processing.

That is up from the 173,000 jobs added in January. ADP creates the report in partnership with Macroeconomic Advisers...

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March 7, 2012 09:26 AM
Private sector added 216,000 jobs in February

The private sector added 216,000 jobs in February, according to the latest national employment report from Automatic Data Processing.

That is up from the 173,000 jobs added in January. ADP creates the report in partnership with Macroeconomic Advisers...

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March 5, 2012 06:06 PM
Consumers shed debt, cut mortgage balances

The total balance of outstanding home loans fell by $1 trillion, or 10.4%, in the past four years as consumers continue to shed debt.

The latest numbers come from a report produced by Moody's Analytics and Equifax....

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March 5, 2012 05:14 PM
Consumers shed debt, cut mortgage balances

The total balance of outstanding home loans fell by $1 trillion, or 10.4%, in the past four years as consumers continue to shed debt.

The latest numbers come from a report produced by Moody's Analytics and Equifax....

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March 5, 2012 04:44 PM
Oil prices cause investor anxiety, but economists say fears overblown

Fears that skyrocketing oil prices will derail the tepid economic recovery could be overblown, economists say. 

Still, most economists believe a deafening level of uncertainty will last through the November elections. 

HSBC...

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March 5, 2012 04:41 PM
Oil prices cause investor anxiety, but economists say fears overblown

Fears that skyrocketing oil prices will derail the tepid economic recovery could be overblown, economists say. 

Still, most economists believe a deafening level of uncertainty will last through the November elections. 

HSBC...

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March 1, 2012 05:55 PM
Housing construction expenditures rise in January

Residential construction spending grew 1.6% in January from a month earlier and 5.4% from 2011, according to the Census Bureau.

The seasonally adjusted measure reached $260.6 billion, the highest level of residential construction since April 2010. January also marked the...

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March 1, 2012 03:24 PM
Housing construction expenditures rise in January

Residential construction spending grew 1.6% in January from a month earlier and 5.4% from 2011, according to the Census Bureau.

The seasonally adjusted measure reached $260.6 billion, the highest level of residential construction since April 2010. January also marked the...

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March 1, 2012 09:24 AM
Jobless claims remain near four-year lows

Initial jobless claims fell again last week and remain at the lowest level in four years, as the employment situation continues to improve.

The Labor Department said the seasonally adjusted figure of actual initial claims for the week ended Feb. 25 was 351,000 down from...

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March 1, 2012 09:25 AM
Jobless claims remain near four-year lows

Initial jobless claims fell again last week and remain at the lowest level in four years, as the employment situation continues to improve.

The Labor Department said the seasonally adjusted figure of actual initial claims for the week ended Feb. 25 was 351,000 down from...

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February 29, 2012 09:02 AM
4Q GDP growth revised higher to 3%

Gross domestic product grew at an annual rate of 3% in the fourth quarter, the Commerce Department said Wednesday.

In January, the Bureau of Economic Analysis ...

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February 29, 2012 08:42 AM
4Q GDP growth revised higher to 3%

Gross domestic product grew at an annual rate of 3% in the fourth quarter, the Commerce Department said Wednesday.

In January, the Bureau of Economic Analysis ...

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February 28, 2012 11:14 AM
Consumer confidence posts sizable increase in February

Consumer confidence rose 9.3 points in February as the outlook for the nation's economy improved.

The Conference Board said its consumer confidence index rose to 70.8 in February, up from 61.5 in January. A year ago, the index stood at 72. The present situation index...

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February 28, 2012 10:50 AM
Consumer confidence posts sizable increase in February

Consumer confidence rose 9.3 points in February as the outlook for the nation's economy improved.

The Conference Board said its consumer confidence index rose to 70.8 in February, up from 61.5 in January. A year ago, the index stood at 72. The present situation index...

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February 27, 2012 06:29 PM
Small percentage of big bank customers move accounts

Almost 10% of customers at large and midsize U.S. banks switched their accounts last year to smaller firms, citing issues with bank fees and customer service as well as unmet expectations.

A report out Monday from J.D. Power and Associates indicates that most of the...

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