Economy Watch: ADP Posits Smaller Jobs Expansion in January
Payroll specialist Automatic Data Processing Inc. kicked off the monthly parade of employment numbers on Wednesday by reporting that the U.S. private sector created a net of 170,000 jobs in January, down from the revised ADP figure for December of 292,000.
Economy Watch: Home Prices Continue Their Slide
The recent modest upticks in residential property sales, at least for existing homes, haven’t translated to price increases in most U.S. housing markets, according to the latest S&P/Case-Shiller Indices.
Economy Watch: Americans' Personal Income, Savings Up
U.S. personal income grew 0.5 percent in December, according to the Bureau of Economic Analysis on Monday.
Economy Watch: U.S. GDP Expands, But Not as Much as Expected
The 2.8 percent annualized growth rate that the U.S. economy experienced during the fourth quarter of 2011 sounds good at first blush, but economists were quick to point out that growth during the quarter wasn’t unalloyed good news.
'Economy Watch' Podcast with Dees Stribling: Beginnings of Election-Year Arguments
Some good news, some less than good news this week–and the beginnings of full-blown, election-year arguments over economic policy.
Economy Watch: New Homes Sales Sink to Record Low in 2011
New home sales took an unexpected 2.2 percent dive in December compared with the previous month, coming in at an annualized rate of 307,000 units.
Economy Watch: Low Rates for a Long Time, Fed Says
Employment should be as important to the central bank as stable prices, and U.S. growth will continue be “modest” in the coming months.
Economy Watch: President Devotes Most of State of the Union to the Economy
As expected, President Obama laid out numerous elements of his economic program in Tuesday’s State of the Union address, along with campaign-style dollops of criticism for Congress.
Economy Watch: Economists Not Quite So Dismal About U.S. Economy
There’s optimism these days among economists regarding the U.S. economy, according to the National Association for Business Economics’ Industry Survey, with fully 65 percent of respondents expecting real GDP growth to increase.
Economy Watch: Existing Home Sales See December Rise
Existing home sales rose 5 percent month-over-month in December, according to the National Association of Realtors on Friday, to an annualized rate of 4.61 million units, which for NAR purposes includes everything.