Sales of previously owned homes climbed to a three-year high in November, reinforcing forecasts that the industry is set to contribute to U.S. annual economic growth for the first time since 2005.
Sales of previously owned homes rose more than forecast in November to reach a three-year high as lower borrowing costs sustained the U.S. housing rebound.
Payroll growth in the U.S. beat forecasts in December and the unemployment rate dropped to the lowest level in almost three years as the economy gained strength heading into 2012.
More Americans than forecast filed applications for unemployment benefits last week, adding to concern the labor market is slackening.
Consumer spending probably climbed in November as Americans flocked to auto dealer showrooms and shopped for holiday bargains, giving the U.S. economy a boost heading into 2012, economists said before a report this week.
Hiring probably accelerated in December for a second month, a sign an improving U.S. labor market will bolster consumer spending in early 2012, economists said before a report this week.
Gains in hiring are catching up with job openings, pointing to greater willingness among U.S. companies to expand as the economy improves.
Fewer Americans than forecast sought jobless benefits and consumer confidence climbed, giving the world’s largest economy a boost heading into 2012.
Hiring in the U.S. probably accelerated in December for a second month, pointing to a strengthening labor market heading into 2012, economists said before a report this week.