The economy is back

Retail sales up, as expected, for January in US

2013-02-13T05:39:00.003-08:00

U.S. retail sales rose 0.1% in January from December, as expected. Excluding the auto segment, sales were up 0.2%, slightly above the 0.1% estimated.FoxBusiness.com

Global economy bouncing back: Moody's

2013-02-12T03:44:00.003-08:00

(Reuters) - Moody's Investor Services on Tuesday said downside risks for the global economy had receded in the past three months, though a number of dangers still remained. In its latest Global Macro Risk Scenarios report, the ratings agency also said it expected economic growth to be slow in many countries.

Strong retail sales in January

2013-02-07T09:26:00.001-08:00

(Reuters) - Many top retailers reported strong January sales on Thursday after offering merchandise and deals that drew in shoppers in spite of higher payroll taxes.

Spring seasonal hiring up

2013-02-06T06:29:00.002-08:00

Home Depot to hire more than 80,000 for seasonal positions this spring; more than 10,000 jobs than 2012 - @CNNMoney

Dow hits 14000 for first tie since 2007

2013-02-01T13:26:00.002-08:00

On the back of its best January in nearly two decades, the Dow launched past the 14000 mark for the first time since 2007 Friday amid growing optimism the global economy is picking up steam.FoxBusiness

US construction spending up 0.9 percent

2013-02-01T08:47:00.002-08:00

WASHINGTON (AP) — Spending on U.S. construction projects rose in December, ending a year in which construction activity increased for the first time in six years.

More.

Employment report points to steady economic growth

2013-02-01T08:28:00.003-08:00

(Reuters) - Employment grew modestly in January and gains in the prior two months were bigger than initially reported, supporting views the economy's sluggish recovery was on track despite a surprise contraction in output in the final three months of 2012.

More.

Nonfarm payrolls rose by 157,000 in January

2013-02-01T05:40:00.000-08:00

The Labor Department reports nonfarm payrolls rose by 157,000 in January from December, slightly below the 160,000 expected. The unemployment rate ticked up to 7.9% from 7.8% the month prior. December's nonfarm payroll increase was revised up to 196,000 from a previously reported 155,000.FoxBusiness

Planned business spending up

2013-01-28T06:05:00.002-08:00

(Reuters) - A gauge of planned business spending rose in December, a sign that business worries over tighter fiscal policy may not have held back investment plans as much as feared at the end of 2012.

US orders for durable goods rise 4.6% in December, sign of strength in manufacturing - @AP

2013-01-28T06:04:00.001-08:00

NEW YORK (MarketWatch) — U.S. stock futures gained Monday after equipment-maker Caterpillar Inc. reported a better-than-expected quarterly profit and orders for durable goods jumped in December.

Retail sales point to firmer consumer spending

2013-01-15T06:36:00.003-08:00

(Reuters) - Retail sales rose solidly in December as Americans shrugged off the threat of higher taxes and bought automobiles and a range of other goods, suggesting momentum in consumer spending as the year ended. More.

Cornell prof says today's numbers point to recovery

2012-12-07T07:55:00.004-08:00

“In a month when virtually all economists feared negative fallout from Hurricane Sandy and the consensus for the new job figure was between 80,000 and 90,000, the U.S. economy proved it is indeed on the track to recovery with 146,000 new jobs and a drop in the unemployment rate to 7.7 percent" Source

Home sales up

2012-11-29T07:21:00.002-08:00

WASHINGTON (MarketWatch) -- Pending home sales rose 5.2% in October in the most recent data signaling a recovering housing market, the National Association of Realtors reported Thursday.

Jobless claims fell more than expected

2012-11-29T05:42:00.002-08:00

New claims for unemployment benefits fell last week to 393,000 last week from an upwardly revised 416,000 the week prior. Claims were expected to fall to 390,000 from an initially reported 410,000.- FoxBusiness

Consumer confidence up

2012-11-27T07:43:00.002-08:00

US consumer confidence index rises to 73.7 in November, highest level since February 2008 - @AP

Biggest UK retailer up 11 per cent this week, biggest November ever

2012-11-25T07:54:00.002-08:00

This further emphasizes the disconnect between what governments are saying about their economic affairs and what people are saying about theirs, and it's not just in the United States.

The "economists" need to take a step back and figure out what is going on. They are mired in jargon and old-school ways of looking at things. They frame their narrative to meld with their inherent biases. It serves no one.

Consumer CONFIDENCE is up

2012-11-01T07:55:00.002-07:00

Survey of US consumer confidence rose in October to highest level since February 2008 - @AP

US manufacturing up

2012-11-01T07:13:00.003-07:00

The Institute for Supply Management Manufacturing PMI gauge rose to 51.7 in October from 51.5 in September, the highest reading since May. The index was expected to fall to 51.2. Readings above 50 indicate expansion while those below indicate contraction. - FoxBusiness

Consumers drive growth as businesses hold back

2012-10-26T19:30:00.002-07:00

(Reuters) - Economic growth accelerated in the third quarter as a last minute spurt in consumer spending and a surprise turnaround in government outlays offset the first cutback in business investment in more than a year.

Economic expansion in Q3 in US up 2%

2012-10-26T05:43:00.002-07:00

A preliminary reading on U.S. gross domestic product showed the economy expanded at an annualized rate of 2% in the third quarter, up from 1.3% in the second quarter and slightly above estimates of 1.9%.- FoxBusiness

Retail up

2012-10-15T05:48:00.001-07:00

US retail sales jumped 1.1% as consumers spent more on autos, gas and electronics - @AP

Service sector expanding at faster rate than thought

2012-10-03T08:15:00.001-07:00

The Institute for Supply Management's gauge of service-sector activity rose to 55.1 in September from 53.7 in August, suggesting the sector is expanding at a faster rate. Economists expected a reading of 53.1.- FoxBusiness

Jobs added number higher than expected

2012-10-03T06:05:00.002-07:00

The ADP National Employment Report shows the U.S. private sector added 162,000 jobs in September, topping estimates for an increase of 143,000. The increase in August payrolls was revised down to 189,000 from 201,000.- FoxBusiness

U.S. home prices rose 4.6% in August, biggest jump in six years

2012-10-02T09:39:00.003-07:00

All but six states are experiencing the gains, with only 20 of 100 major cities showing price depreciation, according to CoreLogic. In July, 26 major metro areas experienced slumps. More in the LA Times

Spending, income up slightly in August

2012-09-28T05:39:00.002-07:00

Personal spending rose 0.5% in August from July as expected, marking the largest increase since February. Personal income rose 0.1%, slightly below the 0.2% expected.- FoxBusiness