Jobless claims rose by 13,000 to 336,000 claims from 323,000 jobless claims for the prior week.
Existing home sales leaped 6.5 percent in July, their highest level since last 2009 when a tax credit artificially boosted sales. But some analysts worry that rising interest rates and continuing low inventory could put a damper on existing home sales in the coming months.
The national economy remained near contraction in July with the index improving to weak level of -0.15 from a level of -0.23 in June, according toe the latest release of the Chicago Federal Reserve National Activity Index.
Second newspaper starts up in Long Beach, while online news provider Patch slashes its staff. Yahoo's online-savvy CEO makes a fashion statement – in a magazine. This week in the economy.
Not everyone can take out a mortgage to buy a home, but the American dream is still attainable for the vast majority of Americans, Hamm says. How do you get your finances into good enough shape to buy a house? Hamm walks readers through the road to homeownership.
A divided Congress has only signed 15 bills into law in the last year. The result? Democracy — but not government — has been paralyzed, Reich says.
Working-class Americans are passing up going to the altar. Fixing the economy could help change that.
Retail sales rose 0.2 percent in July. It's a meager total, but a bounce back for "core" retail sales hints at accelerated consumer spending.