The economy added 321,000 jobs last month, its best performance in nearly three years and nearly 100,000 over what analysts had expected. It was also the biggest month for wage gains since the summer, and the unemployment rate held steady at 5.8 percent.
Fast-food and other low-wage workers walked off the job once again Thursday in support of a $15 per hour minimum wage and access to union rights. Now in its third year, the "fight for $15" has expanded to include more sectors of the industry and more causes, with protests in Ferguson, Mo., and on the steps of the US Supreme Court.
Auto sales climbed in November, with sales of SUVs and trucks coming in especially strong. Chrysler saw a 20 percent climb in auto sales since November 2013, thanks to strong performance from Jeep SUVs and Ram trucks. GM, Honda, and Toyota also saw impressive gains.
The '12 Days of Christmas' gifts will set your true love back $27,673.21 this year – a 1 percent increase from last year, according to PNC Wealth Management. The '12 Days of Christmas price increase' was mostly driven by high poultry prices, especially geese.
Existing home sales picked up an unexpected 1.5 percent to a 5.26 million annualized pace in October, according to data released Nov. 20 by the National Association of Realtors (NAR). It was the fastest rate for existing home sales since September of last year.
Retail sales in the US increased an unexpected 0.3 percent in October as falling gas prices freed up discretionary spending, according to the Commerce Department. The strong retail sales report left retailers optimistic about the crucial holiday shopping season.
The economy added 214,000 jobs in October, ticking the unemployment rate down to 5.8 percent – a new six-year low. Many of the supporting figures in the October jobs report, including a dip in long-term unemployment and a small increase in labor participation, were also cause for optimism.
The Federal Reserve announced the end of its landmark quantitative easing program Wednesday, and investors found the Fed's overall policy statement more hawkish than expected. Here are the highlights of today's Federal Reserve policy statement.
Home prices in 20 US cities rose 5.6 percent year-over-year in August, according to Case-Shiller's monthly home price index. The price slowdown is contributing to a housing market that should look more and more appetizing to prospective buyers, but are most in a position to take advantage?
New home sales increased just 0.2 percent in September, and a big increase for August was revised considerably downward. Despite the slow growth, September marked the highest level for new home sales in six years.
Starbucks will release its Chestnut Praline Latte for the holidays nationwide this year. The Chestnut Praline Latte will join the Gingerbread Latte and Peppermint Mocha in Starbucks' ever-growing lineup of sweet holiday drinks.
Social Security payments for 64 million retired American workers will increase 1.7 percent in 2015. That means the typical retiree will get an extra $22 per month, receiving a $1,328 average monthly Social Security payment and $15,936 annually.
Existing home sales rose 2.4 percent to an annualized pace of 5.17 million in September, according to the National Association of Realtors. In a hopeful sign for the housing market, the existing home sales report showed families are stepping up purchases, while the share of investors is trending downward.
Retirement income isn't adequate in 49 of 50 states, according to a recent survey, adding to a rash of conflicting information about how financially ready (or not) Americans are for their retirement years. So are we in the midst of a retirement crisis? Or is all the hand-wringing overblown?
Retail sales fell 0.3 percent in September, stoking worries about the strength of the economy in the early run-up to the ever-important holiday shopping season. The disappointing retail sales report once again raised questions about American consumers' spending power in the face of stagnant wage growth.