Paul Buehler’s $60,000 in debt weighs heavy on him. As a Ph.D. candidate in history at the University of Arizona the 31-year-old has spent the last eight years relying on student loans. His debt will become due when he finishes in December. Then his salary will just pay his student loans, he predicts.
Tag Archives | economy
Housing prices posted their largest monthly gain in more than five years in a sign of an accelerating market that could provide a key boost to the economy. The widely watched Case Shiller index rose 2.5% in April, the largest one-month gain in history. Prices are up 12.1% from a year ago, but still 26.2% […]
It’s all about the jobs market April 29, 2012 By Natalia V. Osipova American consumers’ appetite continue to outpace salaries and wages. Analysts say they expect to see personal income figures for March rise 0.2 percent and spending rev up 0.4 percent. The Bureau of Economic Analysis will issue the official numbers on Personal Income […]
MARCH 30, 2012 By Natalia V. Osipova Two months of solid consumer spending shows the U.S. recovery is gathering momentum. But it’s not yet time to celebrate. The disposable income of Americans in real terms was shrinking over the same period. So was the personal saving rate. The burgeoning gap gives an alert. Growing at the […]
By Menglin Huang| Mar 16, 2012 Higher gas prices in February drove headline consumer prices up by the most in 10 months. But outside of energy, the inflation still remained in check. The consumer price index, or CPI, increased 0.4 percent last month, marking its biggest gain since last April, the U.S. Labor Department reported […]
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Three consecutive months of job growth indicates that the economy has finally reached a point of stability, after gaining more jobs in the month of February. The private sector added 227,000 jobs with marked growth in professional services, health care and manufacturing and the unemployment rate was steady at 8.3 percent, unchanged from January. Though […]
MARCH 1, 2012 By Natalia V. Osipova Americans saw their income rise again in January, but spending remained flat for the third month in a row. The report on personal income and outlays, issued by the Bureau of Labor Statistics today, made for a grim reading. Personal income rose slower than expected, by 0.3 percent, […]
Retail sales rose 0.4% in January, well below expectations in a sign that the economy isn’t recovering quite as quickly as economists would like to think. Since automakers had reported an increase in unit sales earlier in the month, the 1.3% drop in motor vehicle sales was the biggest surprise in this Commerce Department report […]
The U.S. trade deficit grew in December and overall in 2011 for the second year in a row, a sign the economy is picking up steam, say economists. From November to December, the trade deficit grew to $48.8 billion from $47.1 billion. Within that gap are signs of economic growth: an increase in U.S. imports […]