Topic: Joel Naroff
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Jobs growth shows some zip; unemployment rate unmoved
The economy created more jobs than expected – 151,000 – in October, the best showing since May. Jobs are being added in many sectors, including health care, retail, and temp agencies. The unemployment rate, though, still stands at 9.6 percent.
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Consumers, businesses boost US economy; 5 things we learn from GDP report
The US economy grew 2 percent in the third quarter, the Commerce Department reports. But imports limited the benefit to the GDP from increased consumer and business spending.
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Intel investment a big vote of confidence for US economy
Intel on Monday announced it was spending up to $8 billion to upgrade factories in Oregon and Arizona, hiring thousands of US workers. Does Intel see something it likes in the US manufacturing market?
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Unemployment rate shows US 'upturn is nothing great'
Unemployment rate watchers noted that summer is traditionally a slow season for hiring, but the economy continues to show signs of slow progress. The unemployment rate stayed at 9.5 percent in a jobs report issued Friday.
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Four things to learn from new GDP data
From Friday's GDP report: Imports are surging. Jobs growth is slowing. Regulators may need to lighten their grip. Until November's midterm elections, politics will color economic reports.
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Consumer confidence slumps badly on falling stock prices and no new jobs
Consumer confidence fell almost ten percent in June. The consumer confidence index recorded the biggest drop since February.
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This Memorial Day weekend, prices at the gas pump are going down
The average US price of regular gasoline is now $2.75 a gallon, down from $2.87 a month ago. The last time prices at the gas pump fell leading up to Memorial Day was in 2005.
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Dow average shoots up after Europeans agree on Greece debt plan
The Dow average was up by more than 340 points as of early Monday afternoon. Investors were relieved to see European leaders agree on a Greece debt plan.
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US economy expands in first quarter, as consumers spend more
GDP grew by 3.2 percent in the first quarter, indicating improvement in the US economy. Consumer spending rose by 3.6 percent.
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February jobs report: 36,000 jobs lost, but mostly a holding pattern
The February jobs report showed the unemployment rate steady at 9.7 percent and 36,000 jobs lost. Hiring may get a boost in March.
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US sees biggest GDP growth in six years
US Gross Domestic Product (GDP) grew at a 5.6 percent rate last quarter, the biggest economic expansion in six years. But economists say that doesn't augur a growth in jobs any time soon.
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Five signs to measure economic recovery in 2010
Economic recovery in 2010 is likely to fall short on job growth. But higher jobless figures might not be a bad thing – if it signals people are looking for jobs again.
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Can Christmas shopping sales recover from snowstorm?
Retailers took a hit on Christmas shopping sales because of the snowstorm, though online sales surged. The storm also took a financial toll on towns that had to dig into their snowplowing budget early.
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Consumer spending, business reports point to moderate recovery
Consumer spending rose 0.7 percent in October, and businesses started adding inventory after 10 months of lowering their stockpiles, according to reports Wednesday. Some see recovery at a moderate pace.
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Why the foreclosure crisis isn't improving
Rising unemployment and higher interest rates may be to blame for another record month.
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Consumer spending up in June
If Americans continue reaching into their pocketbooks, back-to-school sales could be better than expected.
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Why US economy is poised to lift out of negative GDP
Economists see in second-quarter report some signs that the groundwork is laid for an upturn.
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Home sales up. Has the market bottomed out?
Sliding prices helped push sales up for the third straight month in June. But foreclosures are expected to rise again.
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Would a CIT failure derail the economy?
Plans for a government bailout of small-business lender collapsed Wednesday.
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Chrysler bankruptcy: speed is of the essence
Damage to the economy may be limited so long as bankruptcy is handled quickly. Obama is confident; others are skeptical.
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Buried by credit-card fees? Washington is on it.
Obama is to meet this week with banks about card-holder complaints. Congress is weighing a 'bill of rights' for borrowers.
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Might more stimulus be needed? Not yet, says Geithner.
The Obama team won't seek another spending jolt for the US economy, the Treasury secretary said Sunday, until it assesses effects of the first one.
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Jobless rate hits 8.5 percent, a 26-year high
The US has lost 2 million jobs this year, but some of the unemployment numbers could indicate that the recession is finally starting to bottom out.
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Just how vulnerable are US banks?
A 'stress test' aims to assess which banks would need help if the economy worsened.
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To minimize layoffs, employers cut worker hours
The practice is spreading as the US unemployment rate hits 7.6 percent.
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