US productivity posts biggest ever annual drop in second quarter US worker productivity in the second quarter fell at its steepest pace on an annual basis since 1948, the Labor... Published 09 Aug, 2022 06:34pm
World US job growth surges in July as labor market defies recession fears WASHINGTON: US job growth unexpectedly accelerated in July, lifting the level of employment back to its pre-pandemic... Published 05 Aug, 2022 07:35pm
World US weekly jobless claims increase; layoffs fall in July WASHINGTON: The number of Americans filing new claims for unemployment benefits increased last week, suggesting some... Published 04 Aug, 2022 07:21pm
World U.S. manufacturing slows modestly; excess inventories weigh on new orders WASHINGTON: U.S. manufacturing activity slowed less than expected in July and there were signs that supply... Published 01 Aug, 2022 10:09pm
World Fed’s aggressive rate-hike path bolstered by new inflation, wage data Federal Reserve Chair Jerome Powell said this week he’s looking for compelling signs that inflation is cooling... Published 29 Jul, 2022 09:20pm
World US labor costs increase strongly in the second quarter WASHINGTON: US labor costs increased strongly in the second quarter as a tight jobs market continued to boost wage... Published 29 Jul, 2022 06:49pm
World US consumer spending beats expectations in June; inflation accelerates WASHINGTON: US consumer spending increased more than expected in June as Americans paid more for goods and services,... Published 29 Jul, 2022 06:40pm
Print US teetering on brink of recession as GDP contracts in 2Q WASHINGTON: The US economy unexpectedly contracted in the second quarter, with consumer spending growing at its... Published 29 Jul, 2022 06:14am
World US goods trade deficit narrows sharply in June; inventories increase WASHINGTON: The US trade deficit in goods narrowed sharply in June amid a surge in exports, which could potentially... Published 27 Jul, 2022 07:15pm
World U.S. consumer confidence near 1-1/2-year low; house prices still high WASHINGTON: U.S. consumer confidence dropped to nearly a 1-1/2-year low in July amid persistent worries about higher... Published 26 Jul, 2022 09:43pm
World Fed opens policy meeting as it seeks to tame inflation WASHINGTON: The US central bank opened its two-day policy meeting on Tuesday, preparing for another salvo in the war... Published 26 Jul, 2022 08:15pm
World US economy is slowing, but recession not inevitable, Yellen says WASHINGTON: US Treasury Secretary Janet Yellen said on Sunday that US economic growth is slowing and acknowledged... Published 24 Jul, 2022 09:36pm
World US weekly jobless claims hit fresh 8-month high The number of Americans filing new claims for unemployment benefits rose for a third straight week last week to the... Published 21 Jul, 2022 06:16pm
World US import prices rise less than expected in June WASHINGTON: US import prices increased less than expected in June, likely as a strong dollar helped to curb gains in... Published 15 Jul, 2022 07:11pm
World US retail sales in June boosted by gasoline, automobiles WASHINGTON: US retail sales rebounded strongly in June as Americans spent more on gasoline and other goods amid... Published 15 Jul, 2022 06:55pm
World US weekly jobless claims rise for second straight week WASHINGTON: The number of Americans filing new claims for unemployment benefits rose for a second straight week last... Published 14 Jul, 2022 07:09pm
World US producer prices accelerate in June, but underlying inflation slowing WASHINGTON: US producer prices increased more than expected in June amid rising costs for energy products, but... Published 14 Jul, 2022 06:51pm
World Gasoline, food drive US consumer prices higher in June WASHINGTON: US consumer prices accelerated in June as gasoline and food costs remained elevated, resulting in the... Published 13 Jul, 2022 07:19pm
World Fed seen jacking interest rates further as U.S. inflation soars Traders boosted bets on Wednesday the Federal Reserve could deliver an even bigger interest-rate hike at its policy... Published 13 Jul, 2022 07:06pm
World U.S. labor market still tight as job openings remain elevated WASHINGTON: U.S. job openings fell less than expected in May, pointing to a still tight labor market that could keep... Published 06 Jul, 2022 08:31pm
World Record trade deficit weighs on U.S. economy in first quarter WASHINGTON: The U.S. economy contracted in the first quarter amid a record trade deficit, the government confirmed... Published 29 Jun, 2022 07:07pm
World US home prices top $400,000 for first time, crimping May sales WASHINGTON: The median US home price broke above $400,000 for the first time, sending existing home sales in May... Published 21 Jun, 2022 08:56pm
World Goldman Sachs raises probability of U.S. recession to 30% over next year Goldman Sachs sees a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous... Published 21 Jun, 2022 05:50pm
World US economy has 40% chance of being in recession next year: BofA NEW YORK: BofA Securities economists see roughly a 40% chance of a US recession next year, with inflation remaining... Updated 17 Jun, 2022 09:48pm
World US manufacturing output unexpectedly weak in May WASHINGTON: Production at US factories unexpectedly fell in May, the latest sign of cooling economic activity as the... Published 17 Jun, 2022 07:36pm
World US weekly jobless claims fall modestly; housing starts hit 13-month low WASHINGTON: The number of Americans filing new claims for unemployment benefits fell less than expected last week,... Published 16 Jun, 2022 08:21pm
World US retail sales post first decline in five months as inflation bites WASHINGTON: US retail sales unexpectedly fell in May as motor vehicle purchases declined amid rampant shortages, and... Published 15 Jun, 2022 07:44pm
World US consumer short-term inflation outlook worsens: NY Fed survey US consumers’ inflation expectations one year from now worsened in May but there they were still generally bullish... Published 13 Jun, 2022 08:41pm
World Biden warns US inflation could last ‘for a while’ BEVERLY HILLS: President Joe Biden cautioned that US inflation could last “for a while” after data on Friday showed... Published 11 Jun, 2022 01:26pm
World US faces ‘unacceptable levels of inflation,’ Yellen tells senators WASHINGTON: The United States faces “unacceptable levels of inflation” and an appropriate budgetary stance is needed... Published 07 Jun, 2022 07:19pm