Robert Brusca News
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It isn’t only the federal government’s Bureau of Labor Statistics that is issuing surprisingly good news about the U.S. economy these days.
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Representative Paul Ryan, writing less than a month after the Federal Reserve announced a new round of bond-buying in 2010, said the move to purchase another $600 billion in securities risked stoking inflation and pushing down the dollar.
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Industrial production increased in June, paced by gains among auto and machinery makers that may ease concern some of the drivers of the U.S. economic expansion were floundering.
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Consumer confidence rose in May to the highest level since October 2007 as Americans became more upbeat about the prospects for employment.
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Consumer confidence in the U.S. rose for a second week as gasoline prices receded.
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The number of applications for unemployment benefits unexpectedly dropped last week, falling for the first time to levels seen prior to the collapse of Lehman Brothers Inc., showing the U.S. labor market is healing.
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Manufacturing in the Philadelphia region expanded in March at the fastest pace since 1984 as factories received more orders.
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Confidence among U.S. consumers rose more than projected in November, offering additional support to the biggest part of the economy.
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Orders for long-lasting goods probably climbed in February for a second month, pointing to production gains that will keep driving the U.S. recovery, economists said before a report today.
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Confidence among U.S. consumers rose for a third straight week, indicating an improving job market is shoring up Americans’ attitudes toward their finances and the economy.
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