Fewer Americans than forecast filed applications for unemployment benefits last week, a sign the labor market continues to strengthen.
Previously owned U.S. home purchases increased in April as a bigger supply of properties lured buyers and raised prospects for a stronger spring buying season.
Payrolls climbed in 39 states and the District of Columbia in April and the unemployment rate fell in 43 states, showing the labor market was strengthening.
Sales of appliances made by manufacturers such as Whirlpool Corp. and Electrolux AB are poised to rise this year as Americans replace aging machines.
American retailers warmed up in March as the winter chill faded -- and it wasn’t just car dealers who benefited.
Economist Russell Price decided to get a head start on work he’d been putting off for more than 10 years at his own house as he began to see an improvement in home-renovation data.
The partial government shutdown this month trimmed 0.25 percentage point from fourth-quarter economic growth and cost the U.S. 120,000 jobs in October, President Barack Obama’s chief economic adviser said.
Contracts to purchase previously owned U.S. homes unexpectedly fell in February for an eighth straight month, a sign of further weakness in the industry.
Fewer Americans than forecast applied for unemployment insurance payments last week, pointing to an improving labor market that will help the economy regain momentum following the harsh winter.
The cost of living in the U.S. probably rose at a slower pace in August as energy prices fell, economists said before a report today.
"We're still seeing somewhat of a rebound from the exceptionally bad weather in the first quarter."
- Russell Price on Jun 30, 2014
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