US Payrolls Fall Less Than Expected in August
Published: 9/3/2010 1:45:22 PM
By: TradingEconomics.com, Reuters
U.S. employment fell for a third straight month in August, but the decline was far less than expected and private payrolls growth surprised on the upside, easing pressure on the Federal Reserve to prop up growth.
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ADP Estimates Companies in U.S. Unexpectedly Cut Jobs
Published: 9/1/2010 12:11:45 PM
By: TradingEconomics.com, Bloomberg
Companies in the U.S. unexpectedly cut workers in August, data from a private report based on payrolls showed. Employment fell by 10,000, according to figures today from ADP Employer Services.
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U.S. Economy Grew a Revised 1.6%
Published: 8/27/2010 11:53:39 AM
By: TradingEconomics.com, Bloomberg
The U.S. economy grew at a 1.6 percent annual rate in the second quarter, less than previously calculated, as companies reined in inventories and the trade deficit widened.
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U.S. Consumer Prices Climb in July
Published: 8/13/2010 10:44:17 AM
By: TradingEconomics.com, Bloomberg
The cost of living in the U.S. climbed in July for the first time in four months, pointing to a stabilization that may ease concern a slowdown in growth will spur deflation.
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US Trade Deficit Widens Sharply in June
Published: 8/11/2010 10:28:07 AM
By: TradingEconomics.com, Reuters
The trade deficit widened a surprising 18.8 percent in June on a surge of consumer goods from China and other suppliers, suggesting second-quarter economic growth was much weaker than previously thought.
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Fed to Buy Treasuries with Maturing Mortgage Debt
Published: 8/10/2010 2:27:28 PM
By: TradingEconomics.com, Federal Reserve
The US Federal Reserve on Tuesday said it would begin funneling proceeds from its maturing mortgage bonds into longer-term government debt in an effort to support a sputtering economic recovery.
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US Economy Sheds 131,000 Jobs in July
Published: 8/6/2010 9:39:11 AM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
Total nonfarm payroll employment declined by 131,000 in July, and the unemployment rate was unchanged at 9.5 percent, the U.S. Bureau of Labor Statistics reported. Federal government employment fell, as 143,000 temporary workers hired for the decennial census completed their work. Private-sector payroll employment edged up by 71,000.
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ADP Estimates Companies in U.S. Added 42,000 Jobs
Published: 8/4/2010 10:19:37 AM
By: TradingEconomics.com, Bloomberg
Companies in the U.S. added more workers in July than forecast, data from a private report based on payrolls showed
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Flat Consumer Spending Adds to Recovery Worries
Published: 8/3/2010 10:53:06 AM
By: Reuters
Consumer spending and incomes were unexpectedly flat in June while personal savings were the highest in a year, implying an anemic economic recovery for the remainder of this year.
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US Economic Growth Slows in Second Quarter
Published: 8/2/2010 4:32:15 AM
By: TradingEconomics.com
Gross Domestic Product in the United States slowed in the second quarter (April to June) to 2.4% annual rate from 3.7% in the previous quarter.
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US Consumer Confidence Falls in July
Published: 7/27/2010 10:18:30 AM
By: TradingEconomics.com, Bloomberg
Confidence among U.S. consumers declined in July to a five-month low, a sign the lack of jobs will limit the economy’s recovery.
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US Consumer Prices Dip for Third Month
Published: 7/18/2010 9:02:14 PM
By: TradingEconomics.com, AFP
American consumers saw prices fall for the third consecutive month in June on the back of lower gasoline costs, the government said Thursday amid concerns over deflation.
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Trade Gap in U.S. Widened in May
Published: 7/13/2010 9:37:47 AM
By: TradingEconomics.com, Bloomberg
The trade deficit in the U.S. unexpectedly widened 4.8 percent in May to $42.3 billion, the highest level since November 2008, as a gain in imports outpaced growth in exports.
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US Payrolls Fall, Private Hiring Below Forecasts
Published: 7/2/2010 8:57:20 AM
By: TradingEconomics.com, Reuters
Employment fell for the first this year in June as thousands of temporary census jobs ended and private hiring grew less than expected, dealing a blow to President Barack Obama who has identified job creation as a key priority.
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U.S. Companies Added 13K Workers: ADP said
Published: 6/30/2010 9:34:44 AM
By: TradingEconomics.com, Bloomberg
Companies in the U.S. added fewer workers in June than forecast, according to data from a private report based on payrolls.
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Fed Holds Interest Rates Steady
Published: 6/23/2010 2:28:31 PM
By: TradingEconomics.com, FOMC
The Federal Reserve acknowledged a faltering pace of U.S. economic recovery and renewed its vow to hold benchmark interest rates exceptionally low for an extended period.
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Consumer Prices in U.S. Fell 0.2% in May
Published: 6/17/2010 9:35:39 AM
By: TradingEconomics.com, Bloomberg
The cost of living in the U.S. dropped in May for a second month, signaling the world’s largest economy is recovering without causing prices to flare.
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U.S. Trade Deficit Expands In April
Published: 6/10/2010 9:54:27 AM
By: TradingEconomics.com, WSJ
The U.S. trade deficit widened a bit in April, as the value of crude imports hit the highest level in a year and a half.
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U.S. Payrolls Rise 431,000 in May
Published: 6/4/2010 8:54:52 AM
By: TradingEconomics.com, Bloomberg
Employers in the U.S. hired fewer workers in May than forecast and Americans dropped out of the labor force, showing a lack of confidence in the recovery that may lead to slower economic growth.
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U.S. Companies Added 55,000 Workers in May, ADP Says
Published: 6/3/2010 11:13:28 AM
By: TradingEconomics.com, Bloomberg
Companies in the U.S. added workers in May, according to data from a private report based on payrolls.
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US Economic Recovery Will Be Challenged in the Months Ahead
Published: 5/29/2010 4:53:37 PM
By: Anna Fedec, contact@tradingeconomics.com
On June 25, the United States GDP growth for the first quarter of 2010 was revised down to 2.7%, showing that the recovery in the biggest economy in the world may not be as strong as many have expected.
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US Economy Expands Less Than First Estimated
Published: 5/27/2010 9:40:51 AM
By: TradingEconomics.com, Bloomberg
The U.S. economy grew in the first quarter 3%, a slower pace than previously calculated, reflecting smaller gains in consumer and business spending.
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Consumer Prices in U.S. Unexpectedly Drop
Published: 5/19/2010 10:38:25 AM
By: TradingEconomics.com, Bloomberg
The cost of living in the U.S. unexpectedly dropped in April for the first time in more than a year, signaling the world’s largest economy is recovering without causing prices to flare.
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U.S. Trade Deficit Increases to One-Year High
Published: 5/12/2010 9:45:02 AM
By: TradingEconomics.com, Bloomberg
The trade deficit in the U.S. widened in March to the highest level in more than a year as the cost of imported oil climbed and companies restocked shelves with goods bought abroad.
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Payrolls in U.S. Rise by Most in Four Years
Published: 5/8/2010 6:57:26 PM
By: TradingEconomics.com, Reuters
Employment grew at the fastest pace in four years in April as businesses ramped up hiring, suggesting the economic recovery was growing less dependent on government support.
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US Economy Expands 3.2%
Published: 4/30/2010 10:35:21 AM
By: TradingEconomics.com, Reuters
The U.S. economy expanded at a 3.2 percent annual rate in the first quarter as consumers stepped up spending, the strongest sign yet a sustainable recovery is taking hold.
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Fed Renews Low Rate Promise
Published: 4/28/2010 2:58:33 PM
By: TradingEconomics.com, Federal Reserve
The Federal Reserve sounded cautiously more upbeat on the U.S. economic recovery and jobs as it renewed its promise to keep interest rates low for an "extended period."
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US Economic Recovery Poised to be Weak
Published: 4/17/2010 4:08:07 PM
By: Anna Fedec, contact@tradingeconomics.com
High unemployment, a weak housing market and budget deficits of both local and state governments may significantly slow the pace of economic expansion in the United States.
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Goldman Sachs Charged With Fraud by SEC
Published: 4/16/2010 11:46:47 AM
By: TradingEconomics.com, Reuters
Goldman Sachs Group Inc was charged with fraud on Friday by the U.S. Securities and Exchange Commission in the structuring and marketing of a debt product tied to subprime mortgages.
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Consumer Prices in U.S. Rise 0.1%
Published: 4/14/2010 9:34:06 AM
By: TradingEconomics.com, Bloomberg
The cost of living in the U.S. rose in March, while prices excluding food and energy were unexpectedly unchanged, indicating tame inflation is accompanying the economic recovery.
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March Retail Sales in U.S. Rise More Than Forecast
Published: 4/14/2010 9:31:27 AM
By: TradingEconomics.com, Bloomberg
Sales at U.S. retailers climbed in March more than anticipated, signaling consumers will play a bigger role in a broadening economic recovery.
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Trade Deficit in U.S. Widens
Published: 4/13/2010 9:57:52 AM
By: TradingEconomics.com, Bloomberg
The trade deficit in the U.S. widened in February more than anticipated as imports climbed, adding to evidence of a rebound in economic growth.
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Payrolls in U.S. Rose 162,000 in March; Unemployment at 9.7%
Published: 4/2/2010 8:47:28 AM
By: TradingEconomics.com, Bloomberg
Employment in the U.S. increased in March by the most in three years and the unemployment rate held at 9.7 percent as companies gained confidence the economic recovery will be sustained.
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ADP Says U.S. Companies Cut Payrolls
Published: 3/31/2010 10:34:15 AM
By: TradingEconomics.com, Bloomberg
Companies in the U.S. unexpectedly cut payrolls in March, according to data from a private report based on payrolls.
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Consumer Prices in U.S. Unchanged
Published: 3/18/2010 11:21:27 AM
By: TradingEconomics.com, Bloomberg
The cost of living in the U.S. was unchanged in February, underscoring the Federal Reserve’s forecast that inflation will remain low as the economy recovers.
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Fed Retains Pledge to Keep Rates Low for Extended Period
Published: 3/16/2010 2:27:17 PM
By: TradingEconomics.com, Federal Reserve
The Federal Reserve held benchmark rates near zero on Tuesday and renewed a promise to keep them exceptionally low for an extended period while pointing to increased momentum in the economy's recovery.
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Trade Gap in U.S. Unexpectedly Falls
Published: 3/11/2010 10:06:33 AM
By: TradingEconomics.com, Bloomberg
The trade deficit in the U.S. unexpectedly narrowed in January as demand for foreign oil and automobiles dropped.
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Payrolls in U.S. Fell 36,000; Unemployment at 9.7%
Published: 3/5/2010 9:17:26 AM
By: TradingEconomics.com, Bloomberg
The jobless rate in the U.S. held at 9.7 percent in February and employment declined less than forecast, even as severe winter weather forced some employers to temporarily close.
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ADP Says U.S. Companies Cut 20,000 Jobs in February
Published: 3/3/2010 11:16:51 AM
By: TradingEconomics.com, Bloomberg
U.S. companies in February cut the fewest jobs in two years, according to data from a private report based on payrolls.
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Despite Recent Growth, US Recovery is Still Weak
Published: 2/26/2010 3:16:38 PM
By: Anna Fedec, contact@tradingeconomics.com
In the fourth quarter of 2009, the United States economy expanded at an annualized rate of 5.9% giving the impression that the recovery in world’s largest economy has been stronger than expected. Yet, growth was mainly due to inventory rebuilding and the recent economic expansion maybe short lived.
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U.S. Economy Grew at 5.9% in Q4
Published: 2/26/2010 9:48:01 AM
By: TradingEconomics.com, Bloomberg
The U.S. economy expanded at a 5.9 percent annual rate in the fourth quarter, more than the government reported last month, reflecting stronger business investment and a greater contribution from inventories.
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Consumer Confidence in U.S. Falls
Published: 2/23/2010 10:38:02 AM
By: TradingEconomics.com, Bloomberg
Confidence among U.S. consumers fell more than anticipated in February to the lowest level since April 2009 as the outlook for jobs diminished, a sign spending may be slow to gain traction as the economy recovers
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US Inflation Rises 0.2%
Published: 2/19/2010 9:43:48 AM
By: TradingEconomics.com, Bloomberg
The cost of living in the U.S. rose in January less than anticipated and a measure of prices excluding food and fuel fell for the first time since 1982, indicating the recovery is showing few signs of inflation.
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Fed Raises Discount Rate by Quarter-Point to 0.75%
Published: 2/18/2010 5:44:12 PM
By: TradingEconomics.com, Federal Reserve
The Federal Reserve Board raised the discount rate charged to banks for direct loans by a quarter point to 0.75 percent and said the move will encourage financial institutions to rely more on money markets rather than the central bank for short-term liquidity needs.
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Trade Deficit in U.S. Widened in December
Published: 2/10/2010 10:48:14 AM
By: TradingEconomics.com, Bloomberg
The trade deficit in the U.S. unexpectedly widened in December, reflecting a jump in petroleum imports that swamped an eighth consecutive gain in exports.
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US Payrolls Fall in January, Unemployment at 9.7%
Published: 2/5/2010 8:38:28 AM
By: TradingEconomics.com, Reuters
Employers unexpectedly cut 20,000 in January, but the unemployment rate surprisingly fell to a five-month low of 9.7 percent, according to a government report on Friday that hinted at some labor market improvement starting to take root.
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ADP Says U.S. Companies Cut Estimated 22,000 Jobs
Published: 2/3/2010 9:32:30 AM
By: TradingEconomics.com, Bloomberg
Companies in the U.S. cut an estimated 22,000 jobs in January, in line with forecasts, according to data from a private report based on payrolls.
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Despite Recent Growth, US Recovery is Still Weak
Published: 2/2/2010 12:59:10 PM
By: Anna Fedec, contact@tradingeconomics.com
In the fourth quarter of 2009, the United States economy expanded at an annualized rate of 5.7% giving the impression that the recovery in world’s largest economy has been stronger than expected. Yet, growth was mainly due to inventory rebuilding and the recent economic expansion maybe short lived.
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Economy in U.S. Grew at 5.7%
Published: 1/29/2010 9:26:28 AM
By: TradingEconomics.com, Bloomberg
The economy in the U.S. expanded in the fourth quarter at the fastest pace in six years as factories cranked up assembly lines and companies increased investment in equipment and software.
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US Federal Reserve Holds Rate Steady
Published: 1/27/2010 2:22:22 PM
By: TradingEconomics.com, Federal Reserve
The Federal Reserve kept interest rates near zero and restated its intention to cease buying mortgage-backed securities in March.
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Consumer Prices in U.S. Rose 0.1% in December
Published: 1/16/2010 2:42:20 PM
By: TradingEconomics.com, Bloomberg
The cost of living in the U.S. slowed in December from a month earlier, indicating the economic recovery is showing few signs of stoking inflation.
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Trade Deficit in U.S. Increased
Published: 1/12/2010 11:24:15 AM
By: TradingEconomics.com, Bloomberg
The trade deficit in the U.S. widened in November more than anticipated as imports climbed faster than exports, pointing to a rebound in global demand that is fueling growth.
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US Economy Sheds 85,000 Jobs in December
Published: 1/8/2010 8:42:00 AM
By: TradingEconomics.com, Reuters
U.S. employers unexpectedly cut 85,000 jobs in December, government data showed on Friday, cooling optimism on the labor market's recovery and keeping pressure on President Barack Obama.
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ADP Says U.S. Companies Cut Estimated 84,000 Jobs
Published: 1/6/2010 9:21:50 AM
By: TradingEconomics.com, Bloomberg
Companies in the U.S. cut an estimated 84,000 jobs in December, according to a private report based on payroll data.
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US Economy Grows 2.2% in Q3
Published: 12/22/2009 9:57:49 AM
By: TradingEconomics.com, Reuters
The U.S. economy grew at a much slower pace than previously thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, data showed on Tuesday.
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US Federal Reserve Holds Rates Steady at 0 to 0.25%
Published: 12/16/2009 2:21:01 PM
By: TradingEconomics.com, Bloomberg, FOMC
The Federal Reserve repeated its pledge to keep interest rates “exceptionally low” for “an extended period” and said the economy is strengthening.
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Consumer Prices in U.S. Rose 0.4% in November
Published: 12/16/2009 10:15:33 AM
By: TradingEconomics.com, Bloomberg
The cost of living in the U.S. accelerated in November from a month earlier, led by higher prices for energy and medical care.
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Trade Deficit in U.S. Narrows
Published: 12/10/2009 9:25:06 AM
By: TradingEconomics.com, Bloomberg
The trade deficit in the U.S. unexpectedly narrowed in October as rebounding economies overseas and a weaker dollar pushed exports up for a sixth consecutive month.
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Payrolls in U.S. Decline 11,000; Unemployment at 10%
Published: 12/4/2009 9:09:21 AM
By: TradingEconomics.com, Bloomberg
Employers in the U.S. cut the fewest jobs in November since the recession began and the unemployment rate unexpectedly fell, signaling the recovery is lifting the labor market out of the worst employment slump in the post-World War II era.
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US Economy Still in a Gridlock
Published: 12/2/2009 1:39:42 PM
By: Anna Fedec, contact@tradingeconomics.com
In the third quarter of 2008, United States economy expended 2.5% qoq, indicating that the worst of the recession may be over. Yet, recent data suggests that the recovery is weak and without improvement in the labor market may not be sustainable.
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ADP Says U.S. Companies Cut Estimated 169,000 Jobs
Published: 12/2/2009 9:47:59 AM
By: TradingEconomics.com, Bloomberg
Companies in the U.S. cut an estimated 169,000 jobs in November, according to a private report based on payroll data.
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U.S. Economy Expanded 2.8% in Q3
Published: 11/24/2009 9:11:31 AM
By: TradingEconomics.com, Bloomberg
The U.S. economy expanded at a 2.8 percent annual rate in the third quarter, less than the government reported last month, reflecting a smaller gain in consumer spending and a bigger trade deficit.
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US Debt May Undermine Long Term Growth Prospects
Published: 11/18/2009 9:34:01 PM
By: Anna Fedec, contact@tradingeconomics.com
The United States government has spend trillions of dollars in order to weather the financial crisis. In one hand, the massive fiscal and monetary stimulus has been stimulating the world’s largest economy. But on the other hand it is also likely to undermine long-term growth prospects as the nation will have to take the burden of rising federal deficit and national debt.
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Consumer Prices in U.S. Increased 0.3%
Published: 11/18/2009 9:20:34 AM
By: TradingEconomics.com, Bloomberg
The cost of living in the U.S. rose more than forecast in October as Americans paid more for fuel, while so-called core prices held at a pace that supports the Federal Reserve’s forecast for tame inflation.
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US Trade Deficit Increases by Most Since 1999
Published: 11/13/2009 9:26:43 AM
By: TradingEconomics.com, Bloomberg
The trade deficit in the U.S. widened in September by the most in a decade, reflecting rising demand for imported oil and automobiles as the economy rebounded from the worst recession since the 1930s.
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Unemployment in U.S. Jumps to 10.2%
Published: 11/6/2009 8:38:00 AM
By: TradingEconomics.com, Bloomberg
The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will remain low until the labor market recovers.
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Fed Sees Rates Near Zero for Extended Period
Published: 11/4/2009 2:27:06 PM
By: TradingEconomics.com, Reuters, Fed
The U.S. Federal Reserve expressed growing confidence that an economic recovery was building, even though it stuck to its commitment to keep borrowing costs near zero for "an extended period".
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ADP Says U.S. Companies Cut Estimated 203,000 Jobs
Published: 11/4/2009 9:32:22 AM
By: TradingEconomics.com, Bloomberg
Companies in the U.S. cut an estimated 203,000 jobs in October, according to a private report based on payroll data.
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US Economy Still in a Gridlock
Published: 11/2/2009 1:30:06 PM
By: Anna Fedec, contact@tradingeconomics.com
In the third quarter of 2008, United States economy expended 3.5% qoq, indicating that the worst of the recession may be over. However, for number of Americans struggling to find a job and make ends meet, the only sign of health of the economy would be an improvement in labor market.
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US Economy Expands for First Time in a Year
Published: 10/29/2009 9:05:18 AM
By: TradingEconomics.com, Bloomberg
The U.S. economy grew in the third quarter for the first time in more than a year, propelled by stimulus-driven gains in consumer spending and home building.
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Weak Dollar Will Jeopardize the US Economic Recovery
Published: 10/21/2009 4:59:46 PM
By: Anna Fedec, contact@tradingeconomics.com
Although recent data is signaling that the worst for the US economy may be over, the current pace of growth may not be sustainable. First, the poor condition of the labor market is likely to start having an impact on growth in the form of lower consumer spending. Second, the ongoing weakness in the dollar will eventually make it harder for the US government to keep borrowing money from abroad to stimulate the economy.
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Inflation in U.S. Increased at Slower Pace
Published: 10/15/2009 11:35:37 AM
By: TradingEconomics.com, Bloomberg
The cost of living in the U.S. rose at a slower pace in September, showing inflation will not be a threat as the economy emerges from the worst recession since the Great Depression.
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Trade Deficit in U.S. Unexpectedly Narrows
Published: 10/9/2009 10:06:30 AM
By: TradingEconomics.com, Bloomberg
The U.S. trade deficit unexpectedly narrowed in August as exports climbed to the highest level of the year and oil imports plunged.
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US Service Industries Grow for First Time in a Year
Published: 10/5/2009 12:44:50 PM
By: TradingEconomics.com, Bloomberg
U.S. service industries expanded in September for the first time in a year as the emerging recovery spread from housing and factories to the broader economy.
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U.S. Employers Cut More Jobs Than Forecast
Published: 10/2/2009 8:38:04 AM
By: TradingEconomics.com, Bloomberg
Employers cut more jobs than forecast last month and the unemployment rate rose to a 26-year high, calling into question the sustainability of the economic recovery.
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US Economy Shrank 0.7%
Published: 9/30/2009 9:46:54 AM
By: TradingEconomics.com, Bloomberg
The world’s largest economy shrank at a 0.7 percent annual rate from April through June, the best performance in more than a year, revised figures from the Commerce Department showed today in Washington. Gross domestic product contracted at a 6.4 percent pace in the first three months of 2009.
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ADP Says U.S. Companies Cut 254,000 Jobs This Month
Published: 9/30/2009 9:40:01 AM
By: TradingEconomics.com, Bloomberg
Companies in the U.S. cut 254,000 jobs this month, more than forecast, a private report based on payroll data showed today.
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Fed Says Mortgage Purchases to Slow, Sees Stronger Economy
Published: 9/23/2009 2:23:21 PM
By: TradingEconomics.com, Fed
The Federal Reserve on Wednesday said that the U.S. economy was in recovery after a severe downturn and decided to slow purchases of mortgage debt to extend that program's life until the end of next March.
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Fed May Signal U.S. Economic Recovery Has Started
Published: 9/23/2009 10:13:12 AM
By: TradingEconomics.com, Bloomberg
Federal Reserve officials may signal that the U.S. economy has started to recover while maintaining their pledge to keep the benchmark interest rate near a record low for an “extended period.”
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US Inflation Rises
Published: 9/16/2009 9:52:01 AM
By: TradingEconomics.com, Bloomberg
Consumer prices rose 0.4 percent in August, underscoring the Federal Reserve’s view that inflation will be contained.
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Retail Sales in U.S. Jump 2.7%
Published: 9/15/2009 9:11:25 AM
By: TradingEconomics.com, Bloomberg
Sales at U.S. retailers surged in August by the most in three years, led by a jump in auto purchases as consumers took advantage of the government's ''cash- for-clunkers'' program.
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U.S. Trade Deficit Widens Most Since 1999
Published: 9/10/2009 9:27:24 AM
By: TradingEconomics.com, Bloomberg
The U.S. trade deficit widened in July and imports gained by a record in percentage terms as demand for cars, computers and oil increased.
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US Unemployment Rate Rises to 9.7%
Published: 9/4/2009 8:35:45 AM
By: TradingEconomics.com, Bloomberg
The U.S. jobless rate in August jumped to 9.7 percent, the highest since 1983, and employers cut another 216,000 jobs, highlighting threats to consumer spending.
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ADP Says U.S. Companies Decreased Payrolls by 298,000 in August
Published: 9/2/2009 8:52:51 AM
By: TradingEconomics.com, Bloomberg
Companies in the U.S. cut fewer jobs in August as mounting evidence indicated the worst recession since the Great Depression may be ending, a private report based on payroll data showed today.
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US Economy May Be in Gridlock For Longer Than Expected
Published: 8/27/2009 5:30:37 PM
By: Anna Fedec, contact@tradingeconomics.com
During the last few months, both bad and good news have been coming for the US economy. During some days it seems that the worst recession of the last 75 years is over. However, in other days, bad data is released destroying investors’ confidence.
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U.S. Economy Contracted 1%
Published: 8/27/2009 9:11:00 AM
By: TradingEconomics.com, Bloomberg
The U.S. economy contracted less than anticipated in the second quarter as a jump in government spending and smaller cutbacks by consumers helped mitigate a record plunge in inventories.
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Fed to Stop Purchasing US Treasuries. Is it too early?
Published: 8/22/2009 1:32:25 PM
By: Anna Fedec, contact@tradingeconomics.com
In the United States, since the beginning of quantitative easing policy, the Federal Reserve has bought $260bn worth of the Treasuries in order to improve credit conditions. However with the Fed’s buying program almost over, questions arise about the sustainability of the ongoing recovery in financial markets.
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U.S. Initial Jobless Claims Rose to 576,000
Published: 8/20/2009 10:03:59 AM
By: TradingEconomics.com, Bloomberg
More Americans unexpectedly filed claims for jobless benefits last week, indicating companies are trying to cut costs further even as the economy stabilizes. Applications rose to 576,000 in the week ended Aug. 15 from a revised 561,000 the week before, the Labor Department said. The number of people collecting unemployment benefits the week earlier was little changed at 6.24 million.
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U.S. Inflation Unchanged in July
Published: 8/14/2009 9:42:04 AM
By: TradingEconomics.com, Bloomberg
The cost of living in the U.S. was unchanged in July, and dropped by the most since 1950 from a year ago, as the recession sapped companies’ pricing power.
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Fed Says Treasury Buying to End in October
Published: 8/12/2009 2:19:52 PM
By: TradingEconomics.com, Bloomberg, Fed
The Federal Reserve said it will slow the pace of its $300 billion program to buy U.S. Treasuries and anticipates that the full amount will be purchased by the end of October.
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U.S. Trade Gap Widens Less Than Forecast
Published: 8/12/2009 9:39:06 AM
By: TradingEconomics.com, Bloomberg
The U.S. trade deficit widened less than forecast in June, reflecting a second consecutive gain in exports spurred by a pick-up in economies throughout the world.
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Nonfarm Payroll declines 247K in July
Published: 8/7/2009 9:18:15 AM
By: TradingEconomics.com, Bureau of Labor Statistics
Nonfarm payroll employment continued to decline in July (-247,000), and the unemployment rate was little changed at 9.4 percent, the U.S. Bureau of Labor Statistics reported today.
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ADP Says U.S. Companies Decreased Payrolls by 371,000
Published: 8/5/2009 11:27:30 AM
By: TradingEconomics.com, Bloomberg
Companies in the U.S. cut fewer jobs in July as the worst recession since the Great Depression eased, a private report based on payroll data showed today.
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U.S. Economy’s Contraction Slowed to 1%
Published: 7/31/2009 9:25:37 AM
By: TradingEconomics.com, Bloomberg
The U.S. economy shrank at a better- than forecast 1 percent annual pace in the second quarter as a jump in government spending masked a deeper retrenchment by consumers.
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Is the US Economic Recovery Sustainable?
Published: 7/29/2009 6:41:05 PM
By: Anna Fedec, contact@tradingeconomics.com
A rebound in domestic demand is among the most important pillars of a sustainable recovery. Yet, although it looks like the worst of the recession in the United States is over, at Trading Economics we think that a rising unemployment rate is likely to weaken household spending and temper an upturn in growth, stocks and commodities.
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Fed Should Keep on With Its Expansionary Policy
Published: 7/27/2009 4:05:32 PM
By: Anna Fedec, contact@tradingeconomics.com
Since the beginning of this financial crisis the Federal Reserve has implemented various measures to improve credit availability and fasten the recovery. However, because of the rapid increase in money supply, many investors are beginning to worry about the need to anchor inflation expectation.
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U.S. Consumer Prices Gain 0.7%
Published: 7/15/2009 9:23:53 AM
By: TradingEconomics.com, Bloomberg
The cost of living in the U.S. rose more than forecast in June, led by a jump in energy costs that overshadowed slower price gains for other goods.
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Trade Deficit in U.S. Narrowed in May
Published: 7/10/2009 9:31:49 AM
By: TradingEconomics.com, Bloomberg
The U.S. trade deficit unexpectedly narrowed in May to the lowest level in almost a decade as exports jumped while imports of crude oil and auto parts declined.
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U.S. Economy Will Recover, But Only in 2010
Published: 7/7/2009 1:10:07 PM
By: Anna Fedec, contact@tradingeconomics.com
In the first three months of 2009, the US Gross Domestic Product declined by an annualized rate of 5.5 percent. Yet, although the last two quarters have been the weakest in 51 years, we can see some improvement in the economy.
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U.S. Payrolls Fall More Than Forecast
Published: 7/7/2009 12:14:30 PM
By: TradingEconomics.com, Bloomberg
Employers in the U.S. cut 467,000 jobs in June, the unemployment rate rose and hourly earnings stagnated, offering little evidence the Obama administration’s stimulus package is shoring up the labor marke
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