The US economy added 295,000 jobs in February, ticking unemployment down to 5.5 percent, according to the Labor Department. Many expected a harsh winter to to have more of an effect on employment, but the jobless rate is now at its lowest level in seven years.
Existing home sales rose 2.4 percent in December, but the share of first-time homebuyers remained worryingly low. Even as sales rise, constraints on affordability could prompt fundamental changes in the housing market as a whole.
Corporate tax reform will pose a big problem for America's small businesses unless Congress tackles the 'pass-through' problem. By letting firms deduct dividends distributions, lawmakers could erase many of the tax complications business owners currently face.
New home sales in the US fell 0.2 percent in January to a 481,000 annual pace, according to the Commerce Department. Even with the drop, it was the best January for new home sales since 2008, and the pace of sales remained near post-recession highs.
Home prices posted a 4.5 percent year-over-year increase in December, according to the monthly S&P/Case Shiller index of property values. Housing market affordability has proven a concern for Federal Reserve Chair Janet Yellen, who began a two-day series of testimonies before Congress Tuesday.
Existing home sales fell 4.9 percent to a 4.82 million annualized pace in January, the National Association of Realtors reported Monday. Despite some worrying early results, there are hints that existing home sales could bounce back in the coming months.
Retail sales in the US fell an unexpected 0.8 percent in January, despite a surging job market and much lower costs for consumers. Experts say Americans may be using that extra cash to save or pay down debt, but retail sales should bounce back in the coming months.
The US economy added a surprising 257,000 jobs in January, but the unemployment rate increased 5.7 percent. The unemployment rate increase is good news, because it means more Americans are upbeat about their job prospects and beginning to look for work.
Male women's rights activists in Kabul pose for the media Thursday wearing burqas to show their solidarity to Afghan women ahead of International Women's Day. Burqas for many people worldwide have come to symbolize the suppression of women.
The consumer price index (CPI) fell 0.4 percent last month, its biggest slide since 2008, thanks largely to falling gas prices. But with the dollar strengthening, wages rising, and gas prices projected to fall even more, experts say this may be the start of a much larger swoon in consumer prices.
Small business optimism rose to an eight-year high in December, according to the NFIB's monthly index. and US job openings have hit their highest number since 2001. Small businesses reported plans to hire more, spend more, and boost wages.
The US job market has improved, but some parts of the country are much, much better than others for prospective job seekers, according to a new study. Texas cities dominate the list of the best US cities for job seekers in 2015, but a university town in the Midwest came out on top.
The US economy added 252,000 jobs in December, ticking the unemployment rate down to 5.6 percent – the lowest since 2008. But it wasn't all good news for US workers, as wage growth and labor force participation took a step back. Is 2015 the year the job market finally gets to full strength?
Small business loans totaled $4.1 billion in 2013, and banks have nothing against small business owners. But according to research, they are currently getting short changed when it comes to their credit cards and checking accounts. But why?
The wealth gap between upper and middle income US families is now at its widest point in at least 30 years, according to a Pew study released Wednesday. Rich Americans have begun to regain the wealth lost during the Great Recession, while lower and middle income families lag behind.