The current-account deficit in the U.S. widened in the first quarter to $137.3 billion, the biggest in three years.
Consumer confidence climbed last week to the highest level in four years and unemployment claims fell, pointing to a brighter job market that may invigorate the U.S. economy.
Consumer credit in the U.S. increased more than forecast in November, led by borrowing for student loans and automobiles.
The U.S. government, on course to reach a record annual budget deficit, posted a monthly shortfall of $188.2 billion in March, wider than a year earlier, Treasury Department statistics showed today.
Construction spending in the U.S. rose in April by the most since 2000 as demand related to the end of a tax credit spurred builders to break ground on more houses.
Home construction probably picked up in April, the growth outlook improved and the cost of living was little changed, showing the U.S. economy is expanding without stoking inflation, economists said before reports this week.
"We're seeing faster progress in the labor market."
- Michael Englund on Nov 13, 2014
Action Economics’ Englund Discusses U.S. Jobs Report