Orders for longer-lasting goods are back above 95 percent of their pre-pandemic level.
MixedTimes - John Carney
Initial claims for unemployment benefits climbed last week.
Tesla says it has been harmed by a 25% tariff on screens it uses in its Model 3.
The re-impositions of lockdowns and pandemic restrictions has slowed growth outside of the U.S.
Economic conditions are improving at a fast clip in Maryland, North Carolina, South Carolina, Virginia, and West Virginia.
Home prices are soaring as demand outpaces supply.
The September sell-off enters a fourth week.
The roller coaster of the pandemic economy saw the net worth of U.S. households soar to its highest level ever in the second quarter. That followed the largest-ever drop in the previous quarter due to the economic disruption of the
Joe Biden's attempt to convince voters that his blue-collar roots make him the populist candidate in the 2020 presidential race is hard to square with his campaign's finances.
Trump has the lead on the economy and household finances
Schools that were supposed to reopen on Monday will be closed for at least another week.
Homebuilders started construction on new homes at a seasonally adjusted annualized rate of 1.021 million, 12.1 percent higher than a year ago and up 4.1 percent from the prior month.
A small improvement, slightly bettter than expeced, in new claims for unemployment benefits.
Back in June the Fed's median forecast was for the economy to shrink 6.5 percent. Now it sees only a 3.7 percent contraction.
The great rush for homes is making this the best market ever for builders.
Sales increased a seasonally adjusted 0.6 percent in August, down from July's growth of 0.9 percent.
Business conditions are improving faster than expected.
Consumer habits proved more reslient than expected.
Economists have been furiously upgrading their forecasts as more and more evidence shows the rebound has more steam than they thought.
Broad gains in prices suggest the economy is still healing.
Biden's new tax proposal will not create American jobs but it will help China pursue its predatory trade policies.
Profit margins for many merchants rose in August, indicating healthier demand than expected amid the pandemic.
U.S. weekly jobless claims held steady at 884,000 last week, slightly above Wall Street expectations. Economists had forecast initial claims to drop to around 850,000 from 881,000 originally reported last week.
A much bigger boost in job openings than expected points to an economy recovery faster than previously thought.
The small business apocalypse has been called off. When the federal government’s pandemic economic support ran dry at the end of July, many predicted that small businesses would be hard hit.
The U.S. economy outperformed most of Europe and Japan in the most recent quarter.
The racial gap in unemployment narrowed during Trump's presidency to its lowest level ever.
So much for the idea that the reopening recovery is only benefiting a few Americans.
Back when Obama was running for president in 2012, Schumer was happy to celebrate smaller gains in employment.
Economists had forecast an addition of around 1.32 million jobs and a decline in the unemployment rate to 9.8 percent.
A big sell-off in the hotest stocks of the reopening highlights doubts about where the economy is heading going into the 2020 election.
The U.S. services sector grew in August for the third month in a row, according to a survey of business executives. The Institute for Supply Management’s index of activity in the services sector dipped to 56.9, 1.2 percentage poitns lower
Output fell less than employment in the second-quarter, pushing up productivity.
Jobless claims were expected to fall to 958,000.
The U.S. government's debt owed to the public will exceed GDP for the first time since World War II.
The manufacturing sector continues to recover from the depth of the pandemic shutdowns.
Demand for homes outside of major city centers has exploded higher this summer.
The ADP number has been wildly offbase in recent months but it tends to get the direction of employment growth right.
"Donald Trump says we're leading the world — well, we are the only major industrial economy to have its unemployment rate tripled," former President Bill Clinton said.
This is likely to make living in NYC much less attractive, putting pressure on home prices and rents.
Investors think the U.S. economy will withstand the ongoing pressures of the pandemic.
Home building activity rose at a much faster pace than expected in July.
"Social Security beneficiaries count on the post office to get their checks," Eva Longoria said Monday night during the first night of the Democrat convention.
Homebuilder confidence hit the record high set in 1998.
Manufacturing continues to expand in August but at a slower pace than in July.
All across the country, solid majorities of people of all ages, educational backgrounds, and incomes say it is a good idea to get back to work.
Obama, Wyden, Warren, Whitmer and Clinton are all falsely claiming that Social Security payments are sent through the mail.
Unemployment claims are down, industrial production is up, and forecasts for third quarter GDP are rising.
Consumer sentiment improved a bit in August but Americans remain very pessimistic about the economy's future.
Sales at electronics and appliance stores jumped much higher in July, pushing up overall sales despite a reported decline in sales of autos.
Hispanic and middle-income Americans are the strongest supports of Trump's executive actions.
Trump's popularity with women who own businesses was riding high at the start of the year. It took a big hit from the pandemic.
A big jump after months of the federal government's massive fiscal response to the coronavirus pandemic.
The price of gasoline jumped more than 10 percent in July while food prices fell.
A tough month for small businesses as the reopening proves bumpier than initially expected.
The JOLTS report suggests restaurants, bars, and hotels expanded hiring in June but manufacturing was a bit weak.
Americans of all races are sharing the pain of the pandemic and the benefits of the rebound.
Economists had forecast an addition of 1.5 million jobs and a decline in the unemployment rate to 10.6 percent.
"he changing needs of our homes has served as a catalyst for the pent up inherent demand in peoples’ desire to move," Zillow's CEO said.
Ben Meng said that "it’s important for me to focus on my health and on my family and move on to the next chapter in my life.
Economists had expected around 1.4 million.
A model that predicted every presidential race since 1984 indicates Trump will lose in November unless the economy massively accelerates.
The U.S. economy appears to be more resilient to rising coronavirus infections than many analysts thought.
Economists had forecast millions of jobs would be added by U.S. businesses.
Home prices are up 4.9 percent compared with a year ago. In June, they rose a full one-percent as buyers rushed to escape the confines of the places where they spent the coronavirus lockdown.
Sales of durable goods and autos were particularly strong, showing no signs the recovery slowing.
Another fake news anchor who cannot keep the facts straight on economic growth in the age of coronavirus.
MSNBC anchor Brian Williams bungled the math on GDP on Thursday night.
Consumer sentiment continued to slide downward in late July, with both the current conditions and expectations gauges declining.
The German economy suffered a record-breaking economic contraction in the second quarter as measures intended to stymie the coronavirus pandemic shuttered businesses and required consumers to stay home.
Compared with a year ago, economic output was 9.2 percent lower, the steepest decline on record.
The steepest decline for the economy on record.
The Fed said it will continue bond purchases at least at the current rate, around $1 trillion a year.
Terrifying annualized figures risk producing an exaggerated view of the economic toll of the coronavirus.
Although views of the present situation remained at June levels, the outlook for the near future suffered a steep decline.
Auto orders surged. Core capital goods rose strongly. But aircraft orders plunged as airlines canceled orders amid plunging booking.
Americans are in a stampede to buy houses to shelter from disease, crime, shuttered schools, and other urban dangers.
Plans to release the coronavirus relief proposal fell apart Thursday afternoon.
A key measure supporting household incomes during the pandemic's mass unemployment will be preserved but reduced in the next relief bill.
U.S. weekly jobless claims jumped higher in mid-July.
U.S. weekly jobless claims jumped higher in mid-July.
Existing-home sales grew at a record pace in June, a huge rebound after three straight months of sales declines caused by the ongoing pandemic.
The U.S. economy cannot create enough jobs in the next few months to take back all those thrown into unemployment by the pandemic.
Consumer sentiment lost ground in the early weeks of July.
More evidence of the flight to the suburbs after lockdowns, riots, defund the police protests, school closings, and surging crime
Americans are seeking homes outside of the cities in the aftermath of riots, looting, police defunding campaigns, resurgent crime, and months-long lockdowns
The data paint a picture of an economy reeling from the pandemic, with sales surging by record amounts after historic declines in March and April.
A smaller than expected decline
The Consumer Price Index showed that prices for many goods and services ticked up a bit in June but no sign of rising inflationary pressure.
Small business owners are feeling much more optimistic. The Small Business Optimism Index increased 6.2 points in June to 100.6, the National Federation of Independent Business said Tuesday.
Sales dropped by less than expected in the second quarter thanks to a surge in purchases of oatmeal and snacks.
Margins were squeezed in June as the economy grappled with an unsteady reopening, rioting, and widespread social unrest.
"We are all blessed to have a leader like President Trump, who is a builder," Unanue said in a brief speech at the White House.
The Supreme Court ruled in favor of a grand jury subpoena requiring an accounting firm to turn over Trump's financial records.
New claims for unemployment benefits fell to 1.314 million for the week ended July 6, 99 thousand fewer than a week earlier, the Department of Labor reported Thursday.
The unusual combination of falling consumer debt use and rising spending is likely a reflection of Trump administration coronavirus relief programs.
The Supreme Court on Wednesday ruled the Constitution's religious liberty protections shield church schools from state and federal anti-discrimination claims filed by teachers.
The Trump administration's signature relief program for small businesses came under relentless assault and media-manufactured outrage this week after the Treasury Department released the names of the top borrowers under the Paycheck Protection Program.
A stunning setback for U.S. oil and the Trump administration.
An article advocating what had been the policy of the U.S. govenment until just a few years ago is now cause for a top executive to step down.