US Economy - Page 30

Reuters - The number of U.S. workers seeking an initial week of jobless aid was the highest in more than a year last week, but the data was likely skewed by the Thanksgiving holiday -- and Wisconsin deer hunters. More Info...  

AFP - The dollar sank to a 20-month low against the euro and a 14-year low against the pound as investors seized on weak manufacturing data in the US to drive the currency lower, dealers said.

Reuters - The number of help-wanted ads in U.S. newspapers rose slightly in October, indicating labor demand remains cool as the year draws to an end, a private research group said on Thursday. More Info...  

Reuters - Average U.S. home prices rose 7.73 percent over the 12 months to September 30, but the quarter-to-quarter gain was the lowest since 1998 and indicates a sharp deceleration in house price gains, the U.S. Office of Federal Housing Enterprise Oversight reported Thursday. More Info...  

Reuters - U.S. incomes and spending rose in October, providing the means for consumers to keep spending as the holiday shopping season approached, while core consumer prices rose modestly, the government reported on Thursday.

Reuters - The number of U.S. workers applying for jobless benefits rose a higher-than-expected 34,000 to a seasonally adjusted 357,000, according to a government report on Thursday.

FT.com - The dollar resumed its slide against the euro and slumped to a 14-year low against the pound on Thursday amid continuing fears over the state of the US economy. More Info...  

Economy News

AP - The economy lost steam in the late summer but not nearly as much as first thought, a hopeful sign the country is weathering the housing slump.

AFP - The US economy held up better than expected in the third quarter, expanding at a 2.2 percent pace, according to a new official estimate that supports the notion of a "soft landing."

FT.com - The dollar found some respite from heavy selling on Wednesday as revised data showed the US economy grew much more strongly than first reported. More Info...  

Reuters - The U.S. economy grew faster than first thought in the third quarter on strong business investment, as the housing sector posted its biggest decline in more than 15 years, the government said Wednesday.

FT.com - The US economy grew at a rate of 2.2 per cent in the third quarter, faster than previously thought, while wage growth earlier this year was revised down on Wednesday, adding to evidence that the economy is on track for a soft landing. More Info...  

AP - Most parts of the country managed to enjoy moderate economic growth in the late fall despite troubles in the housing market and the automotive industry.

Reuters - Sales of new U.S. homes dipped in October and inventories rose, but builders boosted prices by over $30,000 per unit after a sharp decline in home prices a month earlier, a government report showed Wednesday.

AP - Sales of new homes fell in October by the largest amount in three months, a fresh sign of the cooling taking place in the once-sizzling housing sector. More Info...  

Reuters - The U.S. economy grew faster than first thought in the third quarter on strong business investment, even as the housing sector posted its biggest decline in more than 15 years, the government said Wednesday.

Reuters - Applications for U.S. home mortgages fell last week with the number of business days truncated by the U.S. Thanksgiving holiday, an industry group said on Wednesday.

Economy News

AP - Three pillars of the economy — consumer confidence, orders for manufactured goods and home prices — showed surprising cracks on Tuesday, flashing signals that growth may slow more heading into the important holiday shopping season.

Reuters - New orders for U.S.-made durable goods registered their sharpest fall in six years last month and consumer confidence fell in November, reports showed on Tuesday, lending support to views the Federal Reserve will trim interest rates next year.

FT.com - Top US economic policy officials sought to reassure anxious markets on Tuesday that the outlook for the US economy remains fair and the slowdown to more moderate growth is proceeding as expected. More Info...