Economy

Consumer spending hits first decline since January

August 29, 2014
Associated Press
U.S. consumer spending edged down 0.1 percent last month after a 0.4-percent increase in June, the Commerce Department reported Friday.
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Yellen says economy still needs Fed support

July 15, 2014
Associated Press
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
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U.S. consumer spending rises less than expected

June 26, 2014
Bloomberg News
Consumer purchases, which account for about 70 percent of the economy, climbed 0.2 percent in May after being little changed in April, Commerce Department figures showed Thursday. Analysts expected a rise of 0.4 percent.
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First quarter GDP numbers much worse than estimated

June 25, 2014
Bloomberg News
U.S. gross domestic product fell at a 2.9-percent annualized rate in the first quarter, the worst reading since the same three months in 2009, after a previously reported 1-percent drop, the Commerce Department said Wednesday.
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U.S. jobless claims hit highest mark since February

May 1, 2014
Associated Press
The number of Americans applying for unemployment benefits rose last week to the highest level since February, a dose of mixed news for an economy that appears to be gaining momentum.
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U.S. employers add 192K jobs; jobless rate unchanged

April 4, 2014
Associated Press
March's job gain nearly matches last year's average monthly total, suggesting that the job market has mostly recovered from the previous months' severe winter weather.
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Applications for U.S. jobless benefits rise slightly

April 3, 2014
Associated Press
Despite the increase, the number remains close to pre-recession levels and points to stable hiring.
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Fourth quarter economic growth rate revised much lower

February 28, 2014
Associated Press
The U.S. economy grew at a 2.4-percent annual rate last quarter, sharply less than first thought, in part because consumers didn't spend as much as initially estimated. For all of 2013, the economy grew at a lackluster 1.9 percent.
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U.S. hiring weak in January, but jobless rate dips

February 7, 2014
Associated Press
The Labor Department says employers added 113,000 jobs last month, less than the average monthly gain of 194,000 in 2013. This follows December's tepid increase of just 75,000.
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Fears of slowdown sharpen focus on U.S. jobs report

February 6, 2014
Associated Press
Investors are looking for evidence of healthy U.S. job growth, but anyone looking to Friday's monthly employment report for a clear picture of the economy's health might be disappointed.
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IMF raises outlook for global, U.S. economies

January 21, 2014
Associated Press
The International Monetary Fund is slightly more optimistic about the global and U.S. economies this year than it was three months ago.
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U.S. economy adds only 74K jobs, but rate falls to 6.7 percent

January 10, 2014
Associated Press
U.S. employers added a scant 74,000 jobs in December, the fewest in three years. The disappointing gain ends 2013 on a weak note and could raise questions about the economy's recent strength.
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IU economists: Sluggish growth to continue into 2014

November 6, 2013
Norm Heikens
Thank the government for a subpar outlook, Indiana University economists said prior to kicking off their annual forecast road show Wednesday morning in Indianapolis.
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Study: 15 percent of U.S., Hoosier youth out of school, work

October 21, 2013
Associated Press
Indiana finished 35th among states on the report's Opportunity Index, mostly because of a subpar score in education. The percentage of Hoosiers ages 16-24 not in school or not working mirrored the national average of nearly 15 percent.
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Economic growth better than expected in 2nd quarter

July 31, 2013
Associated Press
U.S. economic growth accelerated in the April-June quarter to a seasonally adjusted annual rate of 1.7 percent. The Bureau of Economic Analysis said the rate released Wednesday was based on incomplete data and would be revised over the next month.
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Stocks edge up as Bernanke reassures on stimulus

July 17, 2013
Associated Press
Federal Reserve Chairman Ben Bernanke said that the bank would consider reducing its stimulus program if the economy improves, but emphasized that the reductions were "by no means on a preset course."
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Average household far from regaining wealth, study says

May 31, 2013
Associated Press
The average U.S. household has regained less than half the wealth it lost to the Great Recession, a report released Thursday by the Federal Reserve Bank of St. Louis concluded.
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Stocks head lower on tepid U.S. economic growth

April 26, 2013
Associated Press
Several companies, including Amazon.com, released weak earnings Friday and the government reported that the U.S. economy expanded at a slower rate in the first quarter than economists were expecting.
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U.S. unemployment-aid applications rise again

October 4, 2012
Associated Press
The number of Americans seeking unemployment benefits rose to a seasonally adjusted 367,000 last week, a rise of 4,000 from the previous week. The four-week average, a less volatile measure, was unchanged at 375,000.
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U.S. economic recovery weakest since World War II

August 16, 2012
Associated Press
The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression. Growth has never been weaker in a postwar recovery. Consumer spending has never been so slack. Only once has job growth been slower.
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U.S. unemployment rate ticks up despite rise in hiring

August 3, 2012
Associated Press
U.S. employers added 163,000 jobs in July, the Labor Department said Friday, a somewhat hopeful sign after three months of sluggish hiring. However, the unemployment rate rose to 8.3 percent, up from 8.2 percent in June.
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U.S. employers add only 80,000 jobs as economy struggles

July 6, 2012
Associated Press
U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is struggling three years after the recession ended. The unemployment rate remained at 8.2 percent.
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U.S. unemployment rate rises on dismal jobs report

June 1, 2012
Associated Press
U.S. employers created only 69,000 jobs in May, the fewest in a year, and the unemployment rate rose to 8.2 percent, up from 8.1 percent in April, the first increase in 11 months.
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U.S. retail sales increase for sixth straight month

December 13, 2011
Associated Press
Americans spent more on autos, furniture and clothing at the start of the crucial holiday shopping season, boosting retail sales for a sixth straight month. Meanwhile, sales fell at grocery stores, building supply stores and restaurants.
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Unemployment rate falls to lowest level since March 2009

December 2, 2011
Associated Press
The U.S. unemployment rate fell last month to its lowest level in more than 2-1/2 years as more of the unemployed either found jobs or gave up looking and were no longer counted as jobless.
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