Economy News Updates

Business

Jobless Claims Decline as Hurricane Harvey Impact Fades in Texas

Applications for unemployment benefits in the U.S. unexpectedly declined last week as the Hurricane Harvey-related surge in Texas filings continued to reverse, Labor Department figures showed Sept. 21.

September 21, 2017
Business

Existing-91ÊÓÆµ Sales Fall to a One-Year Low After Hurricane Harvey

Sales of previously owned U.S. homes declined to a one-year low in August as affordability continued to hamper demand and Hurricane Harvey caused a slump in Houston-area purchases, a National Association of Realtors report showed Sept. 20.

September 20, 2017
Business

Housing Starts Steady, Permits Rise Ahead of Hurricanes

Steady U.S. new-home construction in August together with a jump in permits indicate the housing market was moving ahead before a likely temporary hit from Hurricanes Harvey and Irma, government figures showed Sept. 19.

September 19, 2017
Business

91ÊÓÆµbuilder Sentiment Falls on Storm-Related Supply Concern

Sentiment among America’s homebuilders fell more than forecast in September as companies grew concerned about the cost of construction materials and labor shortages in the wake of Hurricanes Harvey and Irma, according to data Sept. 18 from the National Association of 91ÊÓÆµ Builders/Wells Fargo.

September 18, 2017
Business

Concerns About Hurricanes Dent American Consumer Sentiment

U.S. consumer sentiment dipped in September as Americans expressed concern about the economic and inflationary impact of Hurricanes Harvey and Irma, University of Michigan survey data showed Sept. 15.

September 15, 2017
Business

Retail Sales Fall After Weaker Results in Prior Months

An unexpected decline in August retail sales and downward revisions to the prior two months mainly reflected weaker results at auto dealerships, Commerce Department figures showed Sept. 15.

September 15, 2017
Business

Consumer Comfort Falls for Second Week

Americans’ confidence retreated for a second week as consumers’ assessment of the buying climate deteriorated on the heels of higher fuel prices, Bloomberg Consumer Comfort Index figures showed Sept. 14.

September 14, 2017
Business

Unexpected Drop in Jobless Claims Shows Sturdy Job Market

Filings for jobless benefits in the U.S. unexpectedly settled back last week, underscoring a resilient labor market even as the Atlantic hurricane season introduces added volatility to the figures, Labor Department data showed Sept. 14.

September 14, 2017
Business

Wholesale Prices Increase on Jump in Energy Costs

Rising U.S. wholesale prices in August reflect the biggest jump in energy costs since January, while underlying inflation remained contained, a Labor Department report showed Sept. 13 in Washington.

September 13, 2017
Business

US Household Incomes Rose to Record in 2016 as Poverty Fell

The U.S. median household income rose to a record last year and the poverty rate fell, as steady economic growth helped improve the lot of more Americans, according to annual data from the U.S. Census Bureau released Sept. 12.

September 12, 2017