US economy

Stories 181 - 200 | << Prev   Next >>

We&#39;ve Finally Regained All the Jobs Lost in Downturn
We've Finally Regained All the Jobs Lost in Downturn
jobs report
Jun 6, 2014 7:51 AM CDT

We've Finally Regained All the Jobs Lost in Downturn

Jobs report shows 217K new jobs in May, unemployment at 6.3%

(Newser) - Today's jobs report shook out slightly better than expected. Last month, 217,000 jobs were added, while economists had expected 210,000; the unemployment rate remained at 6.3%, while economists had expected it to tick up to 6.4%. That's the fourth straight month of "solid...

Economy Shrank 1% in Q1
 Economy Shrank 1% in Q1 
May 29, 2014 8:40 AM CDT

Economy Shrank 1% in Q1

It's the first time since 2011—but it's temporary: economists

(Newser) - For the first time since 2011, the US economy shrank in the first quarter—by 1%. Economists expected a 0.5% drop, but tell the AP that the Q1 numbers had to do with the harsh winter. Thanks to stronger manufacturing, faster job growth, and more retail spending, the fall...

Unemployment Plunges to 6.3% —From 6.7%

As jobs report shows 288K jobs were created last month

(Newser) - Today's jobs report shook out far better than economists had expected: In April, 288,000 jobs were created, and the unemployment rate dropped to 6.3% from 6.7% . The expectations had been 215,000 and 6.6%, the Wall Street Journal reports. Those 288,000 jobs mark the...

Economic Growth Plummets to 0.1%

Weaker-than-predicted figure blamed on weather

(Newser) - The US economy slowed drastically in the first three months of the year as a harsh winter exacted a toll on business activity. The sharp slowdown, while worse than expected, is likely to be temporary as growth rebounds with warmer weather. The economy's growth slowed to a barely discernible...

Today's Jobs Report? 'Call It a Wash'

192K new jobs, unemployment rate holds at 6.7%

(Newser) - Last month, the US added 192,000 jobs and the unemployment rate remained 6.7%. The immediate response seems to be free of either wails or applause. Economists had expected 200,000 new jobs and the unemployment rate dropping a bit to 6.6%—or, as Quartz put it in...

Unemployment Ticks Up to 6.7%

175K jobs added in February

(Newser) - Pretty decent news in today's jobs report: 175,000 jobs were added in February; economists had expected 152,000. The unemployment rate ticked up from 6.6% to 6.7%. It had been expected to drop to 6.5%, but the AP explains why you shouldn't be alarmed:...

US New Home Sales Hit Fastest Pace Since 2008

Sales of new homes increased 9.6% last month

(Newser) - US sales of new homes rebounded in January to the fastest pace in more than five years, offering hopes that housing could be regaining momentum after a slowdown last year caused by rising interest rates. The Commerce Department says sales of new homes increased 9.6% in January to a...

Good News, Economy: Workers Are Quitting

'Quit rate' is highest since recovery began

(Newser) - In November, some 1.8% of the workforce, or 2.4 million people, abandoned their jobs, the Labor Department says—and though some were retiring or leaving work behind altogether, most were exiting because they wanted to find, or had already secured, new jobs. It's the highest "quit...

Jobless Rate 6.6%, but That Fails to Impress

Just 113K new jobs created

(Newser) - Another disappointing jobs report: Just 113,000 jobs were created in January; economists had expected 189,000, and the average monthly gain in 2013 was 194,000. The unemployment rate did tick down to 6.6% from 6.7% , as had been expected; that's a 5-year low, the...

Jaws Drop Over December Jobs Report

Unemployment rate down to 6.7%, but meager 74K jobs were added

(Newser) - A pretty dismal number on today's jobs report: Just 74,000 jobs were created in December, the smallest monthly increase in three years; economists had expected 200,000. And while the unemployment rate fell to 6.7% from 7.0%, it was "for all the wrong reasons,"...

Economy Grew 4.1% in Q3
 Economy Grew 4.1% in Q3 
Dec 20, 2013 7:56 AM CST

Economy Grew 4.1% in Q3

It's the best mark since 2011

(Newser) - The US' GDP grew at a 4.1% annualized rate in the third quarter, its best showing since the last three months of 2011, the Commerce Department announced today. The number is revised upward from the Department's initial 3.6% estimate. Economists surveyed by Bloomberg had been expecting that...

Unemployment Down to 7%
 Unemployment Down to 7% 
Dec 6, 2013 7:47 AM CST

Unemployment Down to 7%

203K new jobs added in November

(Newser) - Today's jobs report beat expectations, with 203,000 new jobs added in November and the unemployment rate sliding to 7.0%. Economists had expected 180,000 new jobs and an unemployment rate of 7.2%, down from October's 7.3%, the Wall Street Journal reports. The unemployment rate...

Krugman: This Looks Like a Permanent Depression
Krugman: This Looks Like
a Permanent Depression
OPINION
Nov 18, 2013 1:40 PM CST

Krugman: This Looks Like a Permanent Depression

Evidence suggests economy may never fully recover

(Newser) - When it comes to the economy, you hear a lot of talk about "exit strategies," with monetary officials resigned to the fact that, for now, "credit must be easy and interest rates low"—just until the US gets back on its feet. "But what if...

Unemployment Drops to 7.2%
 Unemployment Drops to 7.2% 
Oct 22, 2013 7:39 AM CDT

Unemployment Drops to 7.2%

148K new jobs added in September, though hiring slowed

(Newser) - The September jobs report is out today, delayed thanks to the government shutdown, and it reveals that the unemployment rate ticked down to 7.2% last month, while 148,000 jobs were added. Economists had expected the rate to hold steady at 7.3%, the Wall Street Journal notes, but...

Record Numbers Call Themselves 'Lower Class'

Wealth gap may help explain phenomenon

(Newser) - For four decades, pollsters have been asking Americans to identify themselves by class; typically, most call themselves middle- or working-class. In the latest edition of the survey, however, a record 8.4% have dubbed themselves lower-class, the Los Angeles Times reports. That's a change from previous economic downturns, when...

Today's Jobs Report 'Pretty Meh'

Unemployment rate ticks down to 7.3%, 169K new jobs added

(Newser) - The unemployment rate fell to 7.3% in August, and 169,000 jobs were added, today's jobs report reveals. The rate had been expected to hold steady at 7.4%, but 175,000 new jobs were expected. On the decidedly bad-news front, the number of new jobs added in...

Lew: US Will Hit Debt Ceiling in October

Warns Congress it must act 'as soon as possible' to raise limit

(Newser) - Treasury Secretary Jacob Lew has given Congress until mid-October to raise the debt ceiling. That's when he predicts the Treasury will run out of "extraordinary measures" to avoid going over the $16.7 trillion borrowing limit. In a letter to lawmakers today, Lew urged them to act "...

Economist Presents Scary US Debt Number: $70T

James Hamilton: That's the 2012 total of off-balance-sheet federal liabilities

(Newser) - If you're worried about our country's fiscal health, you may want to stop reading. A UC San Diego economics professor sees a problem area we're overlooking: "the growth of federal liabilities that are not included in the officially reported numbers." James Hamilton did the math,...

Unemployment Falls to 7.4%, a 4-Year Low

...but dig deeper and jobs report starts to look pretty bad

(Newser) - Unemployment fell to a 4.5-year low of 7.4% in July, after employers added 162,000 jobs, the Labor Department announced today. But don't celebrate. That 162,000 figure was the lowest since March, and significantly less than analysts were expecting—those surveyed by Bloomberg expected to see...

GDP Rises 1.7%; Why That&#39;s Horrible
 GDP Rises 1.7%; 
 Why That's Horrible 
OPINION
Jul 31, 2013 11:15 AM CDT

GDP Rises 1.7%; Why That's Horrible

Neil Irwin thinks we need to do better in this economy

(Newser) - The US economy grew 1.7% last quarter, the Commerce Department announced today , which is a lot better than the 1% analysts expected. "It is what markets and the journalists who write about them like to call a 'huge beat,'" writes Neil Irwin at the Washington ...

Stories 181 - 200 | << Prev   Next >>
Most Read on Newser