WASHINGTON — The partial shutdown of the U.S. government has begun to make it harder to assess the health of the economy by delaying or distorting key reports on growth, spending and hiring. Government data on home construction and retail […]
NEW YORK (AP) — It was supposed to be a great holiday shopping season. Many investors had expected department stores to enjoy robust sales in light of a U.S. economy buoyed by low unemployment, higher wages, strong consumer confidence and […]
WASHINGTON — U.S. consumer confidence tumbled this month as Americans began to worry that economic growth will moderate next year. But consumer spirits are still high by historic standards. The Conference Board, a business research group, said Thursday that its […]
BALTIMORE — Fears of a recession have been mounting with the U.S. stock market appearing to be headed for its worst December since 1931 — during the Great Depression. Wall Street’s sustained slump has been fueled by investor concerns about […]
WASHINGTON — U.S. employers added 155,000 jobs in November, a slowdown from recent months but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market. The Labor Department said Friday that […]
DETROIT — General Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles. The reduction includes […]
WASHINGTON — U.S. businesses added a robust 230,000 jobs in September, a private survey found, a sign that strong economic growth is spurring companies to add more workers. Payroll processor ADP said Wednesday that September’s job gain was the most […]
WASHINGTON — President Donald Trump pitched a wildly off-base claim about economic growth Monday as the White House used selective statistics to build a case that the economy is doing much better than when Barack Obama was in office. The […]
WASHINGTON — Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that consumers are helping drive robust economic growth. Retail sales rose at a 0.5 percent annual rate in July, after a 0.2 percent […]
WASHINGTON — U.S. employers posted slightly more openings in June than the previous month, resulting in more available jobs than unemployed people for the third straight month, signaling a solid economy. The Labor Department said Tuesday that job openings barely […]
WASHINGTON — U.S. employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace in the first half of this year. The unemployment rate ticked down to 3.9 percent from 4 percent, the Labor […]
WASHINGTON — President Donald Trump falsely claimed Friday he’s pulled off “an economic turnaround of historic proportions.” Speaking at the White House after the government reported that the economy grew at an annual rate of 4.1 percent in the second […]
WASHINGTON — President Donald Trump is prematurely claiming he proved naysayers wrong in boosting U.S. economic growth. Speaking at events Thursday in Iowa and Illinois, Trump claimed victory in advance of Friday’s government release of quarterly gross domestic product data, […]
WASHINGTON — U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs, a sign of confidence in the economy despite the start of a potentially punishing trade war with China. The job growth wasn’t enough to […]
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