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Articles in "The Economy"
The construction of new residences fell from June to July as overall construction spending contracted after six months of gains, the Commerce Department said Tuesday.
Construction on homes fell 1.6% from June to July, reaching $264.6 billion in the most recent government...
Federal Reserve chairman Ben Bernanke defended the Fed's recent decision to extend Operation Twist, saying any economic benefit from the sale of short-term...
Federal Reserve chairman Ben Bernanke defended the Fed's recent decision to extend Operation Twist, saying any economic benefit from the sale of short-term...
U.S. payrolls added 163,000 jobs in July, a rate that is not nearly strong enough to give the economy the boost analysts are looking for.
Meanwhile, the unemployment rate ticked up from 8.2% in June to 8.3% in July, the Labor Department said.
The jobs...
The U.S. private sector added 163,000 jobs in July, Automatic Data Processing said in its latest ADP National Employment Report.
For some analysts, the July ADP report suggests job growth is solid enough to stave off fears of another economic downturn.
"Now...
Initial claims for unemployment benefits fell by 35,000 applications for the week ending July 21, the Labor Department said.
The number of claims filed hit 353,000 last week, down from the previous week's revised figure of 388,000. In addition, the 4-week moving average...
The national economic outlook looks less robust going into the second half although modest growth is still expected, Fannie Mae said in its latest economic and strategic research group.
One "bright spot" is housing, the government-sponsored enterprise said...
A better alignment of housing supply and demand is adding to the continued recovery in the housing market, despite sluggish growth in the overall economy.
Several years of extraordinarily slow construction, slow processing of foreclosures and reduced housing turnover is...
Federal Reserve Chairman Ben Bernanke said lawmakers wary of another round of stimulus could avoid it by addressing their own fiscal policy problems.
"The fiscal issues are a major concern. If Congress addressed those issues, the outlook would be better and would abrogate...
Federal Reserve Chairman Ben Bernanke said lawmakers wary of another round of stimulus could avoid it by addressing their own fiscal policy problems.
"The fiscal issues are a major concern. If Congress addressed those issues, the outlook would be better and would abrogate...
Experts question the Federal Deposit Insurance Corp.’s ability to liquidate large, systemically important financial institutions because of the complexity of the firms involved and challenges relating to international coordination.
The Dodd-Frank Act created an Orderly...
Experts question the Federal Deposit Insurance Corp.’s ability to liquidate large, systemically important financial institutions because of the complexity of the firms involved and challenges relating to international coordination.
The Dodd-Frank Act created an Orderly...
The number of jobless claims filed by Americans fell by 26,000 filings during the week ending July 7, the U.S. Labor Department said.
Initial claims hit 350,000 on a seasonally adjusted basis for the period, compared to 376,000 a week earlier.
The four-...
Some voices at the Federal Reserve said more stimulus is needed for a still struggling U.S. economy.
"A few members expressed the view that further policy stimulus likely would be necessary to promote satisfactory growth in employment and to ensure that the inflation rate...
The U.S. private sector added 176,000 jobs from May to June while filings for unemployment insurance declined, according to data released Thursday.
The jobs gain from April to May was revised upward from the initial estimate of 133,000 jobs to 136,000 positions, according to the...