Labor/Economy
Economy Watch: Personal Income Edges Up, Spending Dips
Personal income nationwide increased $28.6 billion, or 0.2 percent in July compared with June, according to the Bureau of Economic Analysis.
Economy Watch: U.S. GDP Expands at 4.2 Percent Rate in Second Quarter
The Bureau of Economic Analysis reported its revised, or “second,” estimate for Q2 2014 real U.S. gross domestic product growth, finding that GDP expanded at an annualized rate of 4.2 percent.
Economy Watch: Federal Deficit Continues to Shrink
The Congressional Budget Office estimated that the federal budget deficit for the fiscal year of 2014 (which ends Sept. 30) will amount to $506 billion, or about $170 billion lower than the shortfall in 2013.
Economy Watch: Home Prices Continue Their Deceleration
The latest S&P/Case-Shiller Home Price Indices, which were released on Tuesday by S&P Dow Jones Indices, show a sustained slowdown in U.S. home price increases.
‘Economy Watch’ Podcast with Dees Stribling: Fairly Good Housing News
Fairly good housing news during the Dog Days of summer.
Economy Watch: New Home Sales Drop in July
Sales of new single-family houses in July 2014 were at an annualized rate of 412,000 units, according to the Census Bureau and HUD.
Economy Watch: Yellen Worried About Employment, Non-Committal on Rates
The Federal Reserve has long been adept at maintaining a poker face, and Chair Janet Yellen seems to be carrying on the practice.
Economy Watch: Fed Seems More Optimistic
The Federal Open Market Committee released the minutes of its July 29-30 meeting, striking a tone of mild optimism, in as much as the tone of the meeting was actually reflected by the minutes.
Economy Watch: Housing Starts Spike in July
U.S. housing starts jumped in July compared with June, according to the Census Bureau, a reversal of the preceding months, which have been generally sluggish for housing starts.