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Economix Blog: Are There Really No Good Job Applicants Out There?
CATHERINE RAMPELL Dollars to doughnuts. The latest Small Business Optimism Index data from the National Federation of Independent Business — a major industry group for small businesses that surveys a...
View ArticleReports Signal Rising Strength in Consumer Spending
The government said retail sales rose 0.5 percent last month, compared with a 0.4 percent increase, after revisions, in November. Sales in November were previously reported to have gained 0.3 percent....
View ArticleDow Closes Above 14,000 for First Time Since 2007
The Dow had been rising steadily for about a month. With auto sales strong and optimism about the jobs market high, the index was only 155 points away from its highest nominal close. “There’s a...
View ArticleClaims for Jobless Benefits Rise
The number of Americans seeking unemployment benefits jumped 20,000 last week to a seasonally adjusted 362,000, though it remained at a level consistent with modest hiring. The Labor Department said...
View ArticleWall Street Shares Slide
Stocks slid on Wall Street on Thursday, as data continued to show a slowly improving economy. The Standard Poor’s 500-stock index declined 0.8 percent, the Dow Jones industrial average lost 0.5...
View ArticleUnemployment at 4-Year-Low as U.S. Hiring Gains Steam
The gains were broad-based, the Labor Department said Friday, with sectors ranging from manufacturing to business services turning in healthy results. Construction was especially strong, adding 48,000...
View ArticleUnemployment at 4-Year Low as U.S. Hiring Gains Steam
Even as analysts hailed a better-than-expected jobs report on Friday that pointed to an acceleration in growth, they warned that stronger employment gains are being put at risk by sequestration, the...
View ArticleNew Jobless Claims Rise Unexpectedly
Initial claims for state unemployment benefits increased 28,000 to a seasonally adjusted 385,000, the highest level since November, the Labor Department said on Thursday. Economists, who had expected...
View ArticleHiring in U.S. Tapers Off as Economy Fails to Gain Speed
American employers increased their payrolls by 88,000 last month, compared with 268,000 in February, according to a Labor Department report released Friday. It was the slowest pace of growth since...
View ArticleU.S. Trade Deficit Narrowed in March
The deficit with China hit a three-year low. The overall trade deficit decreased to $38.83 billion, an 11 percent drop from $43.6 billion in February, the Commerce Department reported Thursday....
View ArticleConsumer Inflation Stabilizing, Industrial Output Up
While inflation remains benign, the increase last month should help ease worries among some Fed officials that price pressures in the economy were too low. “Inflation is carving out a bottom. We are...
View ArticleLabor Dept. Reports Plunge in Jobless Claims, Then Says Figures Were Flawed
The reported figure, which estimated that jobless claims had dropped to 292,000, about 31,000 fewer than the week before, seemingly suggested that the economy was finally entering a self-sustaining...
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