News

The U.S. economy added 280,000 jobs to nonfarm payrolls in May, according to the Labor Department. It was the largest increase since December and exceeded the 225,000-job uptick that economists polled by Reuters had expected. The unemployment rate climbed to […]

Finance executives in business and industry have slightly cooler outlooks about their own companies, expansion plans and revenue projections, but overall optimism remains relatively high. An AICPA survey shows a sharp quarterly drop in domestic optimism and smaller drops in […]

The Organisation for Economic Co-operation and Development has trimmed its U.S. growth forecast to 2% for 2015, down from 3.1% it predicted in March, after a weak first quarter. The OECD expects gross domestic product to climb 1.9% in its […]

Consumer spending in the U.S. stopped growing in April as households put more money into savings and less into buying cars, suggesting that the economic recovery is faltering. Analysts expected spending to edge up 0.2%.

The U.S. economy contracted 0.7% in the first quarter, the Commerce Department said, reversing an estimate that gross domestic product rose 0.2%. Most of the revision was based on data showing that imports increased more and exports grew less than […]

U.S. buyers signed contracts to acquire previously owned homes last month at the fastest rate in almost nine years, the National Association of Realtors said. The group’s index of pending home sales reached a seasonally adjusted 112.4, the fourth monthly […]

Nearly one-third of U.S. workers have no pension or retirement savings, according to a Federal Reserve survey. Of more than 5,800 respondents, 38% intend to work as long as possible or do not plan to retire.

Economists are trimming their second-quarter growth forecasts for the U.S. economy to less than 3% from previous estimates of nearly 4%. They cite less-than-encouraging early data that are unlikely to be clarified much by durable-goods and home sales figures due […]

Health insurance providers are seeking significant increases in premiums in several states in a move they say is necessary to cover the medical costs of individuals who have newly enrolled as part of the Affordable Care Act. However, the Obama […]