US Economy - Page 28

AP - Consumer borrowing fell in October by the largest amount in 14 years, reflecting a big drop in auto loans.

AP - The number of newly laid off workers filing claims for unemployment benefits dropped last week by the largest amount in six months, relieving worries about a big jump in claims in the previous week. More Info...  

Reuters - The number of U.S. workers seeking first-time jobless benefits plunged last week, as expected, after surging the prior week during the start of the holiday season, a government report showed on Thursday.

Reuters - U.S. manufacturers expect the economy to slow in 2007, as the weakening housing market continues to take a toll on business, according to data released on Thursday.

Reuters - The economy will likely pick up in 2007 after output growth slows rapidly in late 2006, according to a survey conducted by the Philadelphia Federal Reserve Bank released on Thursday.

Reuters - The U.S. economy will expand at a weak pace next year, setting the stage for lower interest rates, according to a UCLA Anderson Forecast report released on Thursday. More Info...  

Economy News

AFP - The dollar saw a modest rally after a private survey suggested that job creation in November will prove to be stronger than forecast, which would be a positive factor for the US economy.

AFP - The dollar saw a modest rally after a private survey suggested that job creation in November will prove to be stronger than forecast, which would be a positive factor for the US economy.

Reuters - A spike in private-sector jobs in November tentatively raised hopes of improvement in the U.S. labor market on Wednesday while a jump in mortgage applications offered some light in the dimming housing sector.

Reuters - U.S. private employers likely added 158,000 jobs in November, according to a survey by ADP Employer Services released on Wednesday.

AP - Treasury chief Gordon Brown said Britain's economy is growing faster than anticipated, raising his forecast for this year by a half percentage point to 2.75 percent. More Info...  

AFP - Slowing activity in the US economy and a possible sudden cooling of overheated property markets are the main threats to the world economy in 2007 after vigorous recovery this year.

Economy News

AP - Growth in worker productivity slowed sharply in the summer while wages and benefits rose at a rate that was far below a previous estimate, a development likely to ease inflation worries at the Federal Reserve.

AP - Growth in worker productivity slowed sharply in the summer while wages and benefits rose at a rate that was far below a previous estimate, a development likely to ease inflation worries at the Federal Reserve.

AP - Shaking off some effects of the housing slump, the service sector of the U.S. economy grew at a quicker pace in November than in the previous month and faster than analysts expected. More Info...  

Reuters - Growth in the U.S. services sector accelerated unexpectedly in November and third-quarter labor costs grew more slowly than forecast, suggesting the economy may be weathering a manufacturing slowdown with wage-driven inflation coming under control. More Info...  

FT.com - The US economy appears to be growing at a sustainable pace, according to figures released on Tuesday that showed the service sector picked up pace last month while inflation pressures were milder than previously thought in the third quarter. More Info...  

Reuters - The pace of growth in the dominant U.S. services sector accelerated unexpectedly in November, a report showed on Tuesday, confounding some concerns that it might contract as manufacturing did last month.

AP - Orders to U.S. factories plunged 4.7 percent in October, the third decline in the past three months, and the biggest drop in more than six years. More Info...  

Reuters - New orders at U.S. factories fell 4.7 percent in October, the biggest fall in more than six years and marking the third drop in four months, while inventories rose again suggesting growing slack in the economy, a government report said on Tuesday.