Employers added a surprisingly robust 353,000 jobs in January in a further sign of economic strength.
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Posted inBusiness
U.S. economy boomed in 2023, thanks to consumers opening up wallets
New GDP figures are expected to show solid growth at the end of last year.
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Posted inBusiness, Nation / World, News
Retail sales up strongly in December as Americans continue to spend
Economists had expected consumers to pull back on spending in the final 3 months of the year under the weight of credit card debt and delinquencies and lower savings.
Posted inBusiness, Nation / World, News
Americans spent more during the holidays despite some financial anxiety
This year’s sales are in line with what is typical during the holiday season.
Posted inBusiness, Nation / World, News
Congressional Budget Office projects lower inflation, higher unemployment over next 2 years
The office’s Current View of the Economy from 2023 to 2025 report estimates that the unemployment rate will rise to 4.4% by the end of 2024.
Posted inBusiness, Nation / World, News
U.S. economy grew 5.2% in 3rd quarter, more than first estimated
The government’s other main gauge of economic activity – gross domestic income – rose a more moderate 1.5%.
Posted inBusiness
U.S. employers pull back on hiring in October, add 150,000 jobs in face of higher borrowing rates
Strikes against Detroit’s automakers likely shrank last month’s job growth by at least 30,000.
Posted inBusiness, Nation / World, News
Climate destruction fuels growing sector of the U.S. economy
The overall price tag of global warming has long been the subject of debate. New data from Bloomberg Intelligence has put a number on the cost of burning fossil fuels.
Posted inBusiness, Nation / World
U.S. economy accelerated unexpectedly to 2.4% growth rate despite Fed hikes
Driving the gain was a burst of business investment.
Posted inBusiness, News
U.S. slowed hiring but still added solid 209,000 jobs in June in sign of economy’s resilience
Many industries are still adding jobs to keep up with consumer demand and restore their workforces to pre-pandemic levels.