The labor market in the U.S. is likely to accelerate on its path to recovery as employers are expected to have added more jobs in […]
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Durable goods decline slightly in February, but optimism remains for long-term recovery
Durable goods orders declined slightly in February as global supply chain issues lingered and inclement weather pushed the manufacturing industry’s steady recovery off track. New […]
Retail Sales Steeped in February, But Expected to Rebound
“It suggests that consumers are in a generally good shape, we’ve had the fiscal stimulus checks now for those at the lower end of the income spectrum,” Scott Brown, chief economist at Raymond, James and Associates Inc.
Surging Energy Prices Drive Up Core and Consumer Prices for Second Consecutive Month
Consumer prices continued to move upward in February in the latest sign that Americans continue to grapple with surging energy prices. The consumer-price index rose […]
“U.S. Manufacturing is Booming” say Economists, but Employment and Production Still Lag Behind
The United States’ manufacturing sector has grown for the ninth straight month in a row. This glowing trend suggests the pandemic recovery is picking up […]
Widening trade deficit signals strengthening economy
The U.S. trade deficit widened in January as demand rose for imported consumer goods, a promising sign of economic recovery amid the COVID-19 pandemic.
National Home Price Index reaches seven-year high as New York Soars
Housing prices continue to rise across the country at near record rates, proof that the housing market can sustain success despite these trying times.
Durable goods orders spike up in January, maintaining its months-long momentum
Durable goods orders increased strongly in January highlighting a growing optimism in the economy’s recovery as President Biden’s $1.9 trillion stimulus bill advances and more […]
Personal Income, Consumer Spending rise significantly with the help of federal aid
Personal income surged in January as Americans received $600 stimulus checks, leading to new optimism about the nation’s recovery from the pandemic. The monthly report […]
January Stimulus Checks Boosted Consumer Spending
“If households have more resources to spend, it clearly seems like they will spend them”- Michael Gapen