The numbers: Americans are still unsure how rapidly the U.S. economy will recover from the pandemic and restore millions of jobs that have been lost even as the rate of vaccinations speeds up, a new survey showed. The final reading of consumer sentiment in February inched up to 76.8 points …
Read More »Economic Report: New home sales rise slightly, even as buyers see more affordability contraints
The numbers: Sales of newly built homes occurred at a seasonally-adjusted annual rate of 842,000 in December, the Census Bureau reported Thursday. That was 1.6% above the downwardly-revised pace of 829,000 in November. Analysts polled by MarketWatch had projected new-home sales to occur at a seasonally-adjusted annual rate of 875,000. Compared to …
Read More »Economic Report: Hiring falls slightly in September as recovery in U.S. labor market slackens
A restaurant displays a “Now Hiring” sign amid the coronavirus pandemic in Arlington, Virginia. Companies are still hiring more workers, but not as fast as they were during the summer. olivier douliery/Agence France-Presse/Getty Images The numbers: Job openings in the U.S. rose slightly in September and layoffs declined, but hiring …
Read More »Market Snapshot: Dow slightly lower after jobs data as U.S. election count continues
Kena Betancur/Agence France-Presse/Getty Images U.S. stocks were modestly lower in early action Friday, threatening to end a four-day winning streak, as investors sifted through October jobs data, continued to monitor election results, and weighed a surge in COVID-19 cases. What are major benchmarks doing? The Dow Jones Industrial Average DJIA, …
Read More »Economic Report: U.K. GDP climbs 6.6% in July, as economy recovers slightly more than half of lost output
Shoppers walk by a discoloured patch of pavement in The Maltings shopping centre in Salisbury, southern England on September 4, 2020 . adrian dennis/Agence France-Presse/Getty Images The U.K. economy expanded by 6.6% in July, for its third consecutive monthly increase, according to data released Friday. The U.K. Office for National …
Read More »Economic Report: Home permits soar to highest level in 13 years in January, even as new construction dips slightly
The numbers: Builders started construction on new homes in the U.S. at a pace of 1.57 million in January, the Commerce Department said Wednesday. This represented a 3.6% decrease from a revised 1.63 million in December, but was 21.4% higher than a year ago. Permitting activity, however, hit yet another …
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