Tag: US economy

Monday, July 31st 2017 - 08:01 UTC
US economy picking up helped by consumer spending

The United States economy gathered speed in the second quarter of the year, growing at an annualized pace of 2.6%. The pick-up was helped by consumer spending in the quarter expanding at a pace of 2.8%, and businesses stepping up spending on equipment.
Saturday, July 15th 2017 - 08:31 UTC
US top banker blasts “political gridlock” and says it is “almost embarrassment” to be a US citizen

JP Morgan Chase boss Jamie Dimon condemned the state of US politics on Friday, saying political gridlock is hurting the US economy, and called Americans must “get our act together” or risk limiting themselves to 1.5% to 2% growth.
Sunday, May 7th 2017 - 12:34 UTC
US economy created more jobs in April and is technically in full employment

US jobs growth staged a bigger recovery than expected in April as businesses added 211,000 posts. Figures from the US Department of Labour also showed the unemployment rate dropped slightly to 4.4%, compared with 4.5% in March.
Thursday, May 4th 2017 - 05:54 UTC
Fed says recent slowdown of US economy growth is temporary; leaves benchmark rate unchanged

The Federal Reserve announced on Wednesday that it held its benchmark interest rate after a two-day policy meeting, as had widely been expected. And it added that the recent showdown in US growth is likely temporary.
Saturday, April 29th 2017 - 15:11 UTC
Bad news for Trump: US economy growth slows strongly in first quarter, 0.7%

The US economy slowed dramatically in the first three months of the year, according to official data. GDP expanded at an annual rate of 0.7% in the first quarter - the slowest rate since the first quarter of 2014, which is unwelcome news for President Donald Trump who, during his election campaign, made a pledge to raise growth to 4%.
Saturday, January 28th 2017 - 11:53 UTC
US economy expands at an annual 1.6%; “Trumpconomics” promises 4% growth

The US economy grew at an annual pace of 1.9% in the fourth quarter of last year, according to official figures. That was slower than the 2.2% growth rate economists had been expecting and below third quarter growth of 3.5%, which means annual GDP rose by 1.6%, the slowest since 2011 and down on 2015 when the world's largest economy expanded by 2.6%.
Saturday, December 3rd 2016 - 07:32 UTC
US unemployment falls to nine-year low in November, 4.6%, but earnings slowdown

United States unemployment rate fell to a nine-year low in November, adding to expectations that US interest rates will rise later this month. Figures from the Labor Department showed the US economy created 178,000 jobs in November, while the jobless rate fell to 4.6% from 4.9% in October.
Sunday, October 30th 2016 - 22:44 UTC
US economy expands at its fastest pace in two years in the third quarter

The US economy grew at the fastest pace in two years in the third quarter, initial figures have indicated. The world's largest economy grew at an annual rate of 2.9% in the three months to September, the Commerce Department said. Analysts had predicted growth of just 2.5%.
Monday, August 8th 2016 - 10:49 UTC
US economy adds 255.000 jobs in July: unemployment remains at 4.9%

The US economy added a stronger-than-expected 255,000 jobs in July, fuelling speculation that interest rates could rise before the end of the year. The figure was below June's upwardly revised figure of 292,000 jobs, but was far higher than analysts' forecasts of between 175,000 and 180,000. However US unemployment rate remained unchanged at 4.9%.
Monday, August 1st 2016 - 13:16 UTC
US economy grows at slower pace in second quarter despite strong consumer spending

The United States economy grew at a much slower pace than expected in the second quarter and GDP was revised down in the first three months of the year. The world's largest economy grew at an annual rate of 1.2% in the three months to June, far below forecasts of 2.6%, Growth for the first quarter was revised down from 1.1% to 0.8%.