WASHINGTON (AP) -- Retail sales barely rose in December, but the gain was enough to lift sales to a record level for 2011. It marked the largest annual increase in more than a decade.
Sales inched up 0.1 percent in December to a seasonally adjusted $400.6 billion, The Commerce... more »
Retail sales plunged in May by the largest amount in eight months as consumers slashed spending on everything from cars to clothing. The big drop raises new worries about the durability of the economic recovery.
The Commerce Department says that spending fell 1.2 percent last month. Auto sales were... more »
A survey of leading economic forecasters predicts the pace of U.S. growth will pick up in the year ahead as consumers and businesses accelerate spending.
The assessment being released today by The National Association for Business Economics is more bullish than the last survey in February. The panel of... more »
Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades.
The Commerce Department reported Wednesday that new home sales dropped 11.2 percent last month to a seasonally adjusted annual... more »
The number of newly laid-off workers seeking unemployment benefits fell last week.
The Labor Department said that first-time claims for unemployment insurance dropped by 43,000 to a seasonally adjusted 440,000, the lowest total in a month.
A Labor Department analyst said the decline largely reflects the end of... more »
The U.S. trade deficit unexpectedly narrowed in October as exports surged to the highest level in nearly a year. Growing exports, boosted by a weaker dollar, are expected to boost demand for American manufactured goods in coming months and provide important strength to the overall economic recovery. The Commerce Department... more »
The unemployment rate for November remains at 10 percent, as employers cut 11,000 jobs last month.
Many economists expect the jobless rate to keep climbing into next year as the economy struggles to generate enough jobs for the 15.4 million people out of work. If part-time workers who want... more »
The number of newly laid-off workers seeking unemployment insurance was unchanged last week, while those continuing to claim benefits dipped. The Labor Department says first-time claims for jobless benefits were a seasonally adjusted 505,000, the same as the previous week's revised figure and matching analysts' expectations. The four-week average, which... more »