Economy News Updates

Business

Drop in September 91ÊÓÆµ Starts Reflects Slump in South

A larger-than-forecast decline in U.S. new- home construction reflected the weakest pace of building in the South since October 2015, showing the fallout from hurricanes Harvey and Irma, according to government figures Oct. 18.

October 18, 2017
Business

91ÊÓÆµbuilders Gauge at Five-Month High Shows Storm Recovery

A rebound in homebuilders’ confidence to a five-month high indicates concern over fallout from major hurricanes has been alleviated, according to data Oct. 17 from the National Association of 91ÊÓÆµ Builders/Wells Fargo.

October 17, 2017
Business, Technology, Autonomous

Driverless Cars Will Open the Door to a Building Spree

Even as reclaimed parking spaces fuel a downtown building boom, autonomous vehicles will encourage builders to push deeper into the exurban fringe, confident that homebuyers will tolerate longer commutes now that they don’t have to drive, according to the report, sponsored by a unit of Capital One Financial Corp.

October 17, 2017
Business

Manufacturing Output Rises as Impact From Hurricanes Fades

U.S. factory production rose last month for the first time since June, a sign the industry is starting to regain its footing after the damage from hurricanes Harvey and Irma, Federal Reserve data showed Oct. 17.<

October 17, 2017
Business

Consumer Sentiment Unexpectedly Surges to 13-Year High

U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Oct. 13.

October 13, 2017
Business

US Core Inflation Misses Estimates; Energy Boosts Main Gauge

U.S. inflation excluding food and fuel was below estimates for the sixth time in seven months, even as a hurricane-driven spike in energy prices boosted the overall cost of living by the most since January, a Labor Department report showed Oct. 13.

October 13, 2017
Business

US Retail Sales Rise Most Since 2015 on Storm-Related Lift

U.S. retail sales jumped last month by the most in more than two years as motor vehicles lost to hurricanes were quickly replaced and higher prices lifted receipts at gasoline stations, Commerce Department figures showed Oct. 13.

October 13, 2017
Business

US Payrolls Fall for the First Time Since 2010 on Storms

The number of workers on U.S. payrolls declined last month for the first time since 2010, reflecting major disruptions from hurricanes Harvey and Irma, Labor Department figures showed Oct. 6. The jobless rate fell to a new 16-year-low while wage gains accelerated.

October 6, 2017
Business

Consumer Comfort Declines by Most in a Year on Finances

Americans’ confidence suffered its biggest weekly setback in more than a year as optimism about personal finances slumped, Bloomberg Consumer Comfort Index figures showed Oct. 5.

October 5, 2017
Business

Jobless Claims Fall 12,000 to 260,000

U.S. filings for unemployment benefits fell last week as the impact of hurricanes Harvey and Irma faded in several states, Labor Department figures showed Oct. 5.

October 5, 2017