Just a year since the U.S. housing market hit bottom after the biggest plunge in eight decades, signs of excess are re-emerging.
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.
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.
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.
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.
Manufacturing in the U.S. probably cooled in November as business demand slowed and disruptions from superstorm Sandy limited production, according to economists surveyed before a report today.
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.
Companies added more workers than forecast in August, easing concern the U.S. job market may be stalling, a private report based on payrolls showed.
Business activity in the U.S. held near a 10-month high in March, showing the economy is weathering rising fuel costs.
Orders placed with U.S. factories unexpectedly declined in June, reflecting less demand for business equipment and the biggest decrease in bookings for non- durable goods in more than three years.