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By Press Release |
June 7, 2013
Total nonfarm payroll employment increased by 175,000 in May, and the unemployment rate was essentially unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reported today.
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By Lorraine Woellert and Jeanna Smialek, Bloomberg |
June 6, 2013
Applications for unemployment benefits declined last week and Americans’ views of the economy were the brightest since early 2008 on the heels of a housing market recovery and higher stock prices.
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By Michelle Jamrisko, Bloomberg |
June 6, 2013
Household wealth in the U.S. jumped to a record in the first quarter, exceeding its pre-recession peak for the first time, bolstered by gains in the stock and housing markets that are helping Americans mend finances.
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By Jeanna Smialek and Joshua Zumbrun, Bloomberg |
June 6, 2013
Payroll gains averaging 80,000 a month will be enough to keep the U.S. jobless rate steady over the next couple of years as aging baby boomers retire and population growth slows, according to research at the Federal Reserve Bank of Chicago.
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By Jeanna Smialek, Bloomberg |
June 6, 2013
Consumer confidence last week was unchanged near a five-year high as Americans had the least pessimistic views on the economy since 2008.
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By Jeff Kearns and Joshua Zumbrun, Bloomberg |
June 5, 2013
The economy expanded at a “modest to moderate” pace in 11 of 12 Federal Reserve districts, with broad-based gains ranging from business services to construction and manufacturing, the central bank said today.
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By Aki Ito and Ari Altstedter, Bloomberg |
June 5, 2013
Federal Reserve Bank of Dallas President Richard Fisher called for a reduction in the $85 billion in monthly asset purchases while saying he sees an end to a three-decade bull market in bonds.
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By Rich Miller, Bloomberg |
June 5, 2013
The Federal Reserve probably will refrain from selling assets from its balance sheet over the next three to five years as the U.S. falls short of a return to full employment, according to Pimco.
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By Jeanna Smialek, Bloomberg |
June 5, 2013
Orders placed with U.S. factories rose less than forecast in April as demand for non-durable goods dropped, probably reflecting lower fuel costs.
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By Michelle Jamrisko, Bloomberg |
June 5, 2013
Service industries in the U.S. expanded at a faster pace in May, indicating the world’s largest economy is weathering a downturn in manufacturing and federal budget cuts.
