U.S. industrial production rose at a slower pace in November as factory output moderated following the biggest advance in more than seven years that reflected a hurricane-related surge, Federal Reserve data showed Dec. 12.
December 15, 2017Economy News Updates
U.S. Retail Sales Jump More Than Forecast in Broad Advance
U.S. retail sales rose more than forecast in November and the previous month was revised higher, indicating a broad strengthening of consumer demand as the holiday shopping season got under way, according to Commerce Department figures released Dec. 14.
December 14, 2017ATA Chief Economist Bob Costello on 2017 as 'A Transition Year'
ATA Chief Economist Bob Costello (right) looks back on the 2017 year in trucking, calling it a "transition year" and expecting better things ahead for 2018. His interview with TT's Joe Howard is part of our Dec. 13 LiveOnWeb program, "2017 Year in Review."
December 13, 2017Trump Tweets Consumer Confidence Is at Record High, But It鈥檚 Not
President Donald J. Trump tweeted Dec. 12 that consumer confidence 鈥渋s at an All-Time High.鈥 In fact, it was higher when a Clinton was in the White House.
December 12, 2017Optimism Among Small Businesses Jumps to Highest Since 1983
Optimism among small companies in the U.S. advanced last month to the highest level in more than 34 years as owners became more upbeat about future economic conditions and sales prospects, according to a National Federation of Independent Business survey released Dec. 12.
December 12, 2017Wholesale Prices Climbed More Than Forecast in November
U.S. wholesale prices rose more than forecast in November, boosted by a jump in the costs of goods that included gasoline, a Labor Department report showed Dec. 12 in Washington.
December 12, 2017Job Openings Cooled in October After Climbing to a Record
U.S. job openings unexpectedly cooled in October from an all-time high a month earlier, still consistent with a solid job market, Labor Department data showed Dec. 11.
December 11, 2017Payrolls Rise 228,000 While Wages Gain Less Than Forecast
The U.S. added more jobs than forecast in November and the unemployment rate held at an almost 17-year low, though below-forecast wage gains suggested the labor market still has slack to absorb.
December 8, 2017Consumer Borrowing Increases by Most in Nearly a Year
U.S. consumer credit outstanding rose in October by the most since November 2016 on larger credit-card balances, Federal Reserve data showed Dec. 7.
December 7, 2017Consumer Comfort Advances to a 13-Week High
Improved sentiment about the buying climate and personal finances helped carry household optimism to a 13-week high, Bloomberg Consumer Comfort Index figures showed Dec. 7.
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