Business spending plans gauge hits 13-month high
WASHINGTON (Reuters) - A gauge of planned U.S. business spending recorded its largest increase in more than a year in January, suggesting growing confidence in the durability of the economic...
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War is hell on veterans’ job prospects: Fed paper
WASHINGTON (Reuters) - Military veterans who have been deployed overseas for prolonged periods struggle to find work because of the traumas of war, as well as training that does not...
Jobs, factory, inflation data favor easy Fed policy
WASHINGTON (Reuters) - A raft of U.S. economic data on Thursday from claims for jobless aid to factory activity and consumer prices pointed to a still tepid recovery and supported...
Manufacturing stumbles but seen regaining footing
WASHINGTON (Reuters) - Manufacturing got off to a weak start this year as motor vehicle output tumbled in January, but a rebound in factory activity in New York state this...
White House drafts backup immigration plan, Republicans balk
WASHINGTON (Reuters) - The White House is drafting a backup immigration reform plan in case a bipartisan congressional committee working on a bill fails, an Obama Administration official said on...
Jobless claims hint at firming job market
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, offering hope the sluggish labor market recovery may have picked up...
Retail sales growth slows as higher taxes kick in
WASHINGTON (Reuters) - Retail sales barely rose in January as tax increases and higher gasoline prices restrained spending, setting up the economy for only modest growth in the first quarter....
GDP unexpectedly shrinks, decline seen temporary
WASHINGTON (Reuters) - The economy unexpectedly contracted in the fourth quarter, but analysts said there was no reason for panic given that consumer spending and business investment picked up. Gross...
Inventories, trade seen hobbling fourth-quarter GDP
WASHINGTON (Reuters) - Less restocking by businesses and weaker global demand likely held back economic growth in the fourth quarter but consumer spending probably picked up to help keep the...
Housing, factory data point to momentum in economy
WASHINGTON (Reuters) - Contracts for U.S. home resales hit a 2-1/2-year high in November and factory activity in the Midwest expanded this month, suggesting some strength in the economy despite...