The dollar slid to its weakest level in almost two years against the euro after lower-than-forecast U.S. employment gains added to speculation the Federal Reserve will delay reducing stimulus.
Service industries expanded in September at a slower pace than forecast as more corporate purchasing managers grew apprehensive about the U.S. economy leading up to the government shutdown.
Lindsey Piegza, an economist at FTN Financial, talks about the outlook for the U.S. economy.
The number of first-time claims for unemployment insurance payments jumped in the first week of 2011 to the highest level since October as more Americans lined up to file following the holidays.
Prices of goods imported into the U.S. rose more than forecast in August as crude oil and food costs jumped, masking contained inflation elsewhere.
The U.S. lost more jobs than forecast in September as local governments fired educators and other workers to make up for declining tax revenue.
Retail sales in the U.S. climbed in July by the most in four months, showing consumers were holding up at the start of the third quarter.
Consumer confidence slumped last week to the second-lowest level on record as Americans grew more concerned with their financial situation and the buying climate worsened.
U.S. consumer confidence last week held close to the highest level in almost three years as more Americans said their finances were in good shape.
Service industries unexpectedly expanded at a faster pace in August, easing concern the biggest part of the U.S. economy was slumping.
"Yellen, like Bernanke, wants to wait for clear, sustainable improvement before adjusting policy."
- Lindsey Piegza on Nov 13, 2013
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