Topic: Joshua Shapiro

The New Economy GDP up 2.5 percent: Smaller-than-expected bounce for US economy

GDP flashed 2.5 percent growth in the first quarter: much better than the fourth quarter but below expectations. Economists expect another slowdown in GDP growth for the summer.   

Home sales: Is a 'seller's market' pending? (+video)

Pending home sales and existing home sales are rising, which is shrinking the inventories of available homes. Some experts are now saying the unthinkable: A seller's market is pending. 

Jobless claims hit 367K last week

Jobless claims in the US increased last week by 4,000, to a seasonally adjusted 367,000. Economists say the rise in jobless claims is no indication that the labor market is crumbling. 

The New Economy US jobs report eases global gloom

The better-than-expected US jobs report suggests the US is not following Europe into recession. But some analysts worry that head winds will keep growth anemic.

The New Economy Unemployment rate hits three-year low. Hooray? No, boo!

The unemployment rate for April was 8.1 percent, the lowest rate since President Obama took office. But the unemployment rate is falling for all the wrong reasons. 

Unemployment drops sharply, Labor Department says

Weekly unemployment benefit applications dropped by 27,000 last week, a positive sign for employment broadly.

Wall Street blowout: the start of a 'Santa Claus' rally?

Stocks soar on surprise move by six central banks and better news on US economy. Wall Street is looking for a year-end rally, although rally skeptics abound.

Home sales contracts highest in a year

Home sales pending index reaches 99.3 in October, a 10.4 percent increase from September. But a recovery in home sales doesn't look imminent.

Dow falls 253 points in the wake of alarming jobs report

The economy added zero jobs in August, and the stock market tumbled in response

US GDP growth revised down to 1.6 percent as economy cools

US GDP grew at a 1.6 percent pace in the second quarter, less than the original 2.4 percent estimate. Surging imports and the end of homebuyer tax credits contributed to the change.

Unemployment claims surge, as jobs outlook sours

Unemployment claims moved above this year's average, mirroring a gloomier job outlook from Ben Bernanke.

Unemployment claims: little improvement in jobs picture

Unemployment claims, although down 19,000 from a week ago, have been in a holding pattern for seven months. That suggests very sluggish improvement in jobs.

New home sales plunge to record low

New home sales fall to an annual rate of 300,000, the lowest level since at least 1963.

Home sales report for May could signal economic downturn

Home sales report for last month showed a drop in sales of previously occupied homes, despite government tax credits.

Employment report: US losing jobs. No wait, it's gaining!

The ADP employment report shows the US lost jobs in March. But the government's expected to report a job gain. Confused? Read on.

Consumer sentiment: Will Americans spend or save?

Retail sales and consumer sentiment reports paint very different pictures of where the American consumer is headed.

Unemployment benefit claims rise, but barely

Only 434,000 Americans filed for unemployment benefits, the second week in a row that claims have fallen to levels unseen since August 2008.

Jobless claims rise unexpectedly

Although weekly jobless claims are up, longer-term data suggests the unemployment situation is slowly improving.

After dismal jobs report, unemployment rate could hit postwar high

Jobs report reveals a 10.2 percent unemployment rate. Four reasons not to panic.

Consumer credit falls a record 11 months in a row

Consumer credit fell in August, mostly because of a $10 billion cutback on credit-card spending.

US retail sales soar nearly 3 percent

Job losses slow, but US unemployment hits 9.7 percent

Jobless claims fall, but recovery for workers looks distant

US manufacturing turns up after 18-month slump

US jobless claims climb to three-week high