New Jersey’s economy is poised to recover as officials practice fiscal restraint and fewer residents move out of state, said Joel Naroff, president and founder of Naroff Economic Advisors.
This was supposed to be the year that Herb Harrison found a newer, bigger home to replace his current house in Framingham, Massachusetts. Then, in May, mortgage rates began to rise and he put his hunt on hold.
The Federal Reserve Bank of Cleveland announced the appointment of Loretta Mester, the research director of the Philadelphia Fed, as its next president effective June 1.
The number of U.S. workers on vacation has risen by the most since 2006, a sign of an improving labor market as more Americans have sufficient income and job security to take a few days off.
The U.S. economy expanded less than forecast in the first quarter as a smaller contribution from inventories overshadowed the biggest gain in consumer spending in more than a year.
Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, said he was “stunned” by today’s U.S. employment report.
Just a year since the U.S. housing market hit bottom after the biggest plunge in eight decades, signs of excess are re-emerging.
Americans look to be in the mood to shop this holiday season as their buying power gets a lift from more plentiful jobs and cheaper gasoline.
Service industries in the U.S. unexpectedly grew at a faster pace in November, showing the biggest part of the economy is weathering concern about looming federal tax increases and spending cuts.
"Loretta is a very good economist who, at least in my experience, comes at an issue based on a combination of theory and data."
- Joel Naroff on Feb 13, 2014