U.S. productivity growth ticks down slightly in third quarter
U.S. productivity rose at a slower rate in the third quarter, but the increase was still better than the lackluster gains of the last decade.
Economy
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IU experts expect economy to maintain strong pace in 2019
The U.S. economy is expected to remain strong next year, with Indiana outperforming the nation, according to the annual Business Outlook forecast released Thursday by Indiana University’s Kelley School of Business.
U.S. apparel spending rises at fastest pace since 2005
Low unemployment, elevated consumer confidence and stronger household finances are encouraging shoppers to dip confidently into their cash.
U.S. economy grew at strong 3.5 percent rate in third quarter
The third quarter’s gross domestic product, the country’s total output of goods and services, was slightly higher than many economists had been projecting.
Americans who don’t have bank account at lowest level ever
The survey by the Federal Deposit Insurance Corp. found the economic fortunes of the country’s most vulnerable people continue to get better. The biggest improvement happened among black and Hispanic households.
U.S. industrial production gains for the fourth straight month
The Federal Reserve said Hurricane Florence reduced September output growth by less than 0.1 percentage points.
IMF cuts forecast for global growth as trade war takes toll
The International Monetary Fund cut its growth forecast for the first time in more than two years, blaming escalating trade tensions and stresses in emerging markets.
As joblessness falls, skilled workers might be hard to find
The U.S. economy has become a seemingly perpetual job-generating machine, having steadily added workers for nearly eight years.
U.S. services firms grow at a record pace
Seventeen services industries reported growth last month, and none declined.
Business economists optimistic about growth, worried about tariffs
Overall, economists surveyed by the National Association for Business Economics are slightly more optimistic than they were when last surveyed three months ago.
U.S. industrial production shows solid 0.4 percent gain in August
Factory production increased 0.2 percent last month, lifted by a 4 percent rise in the making of vehicles and parts. Automakers assembled vehicles at their strongest pace since April.
U.S. median incomes show third straight year of growth
The Census Bureau said incomes for a typical household, adjusted for inflation, rose 1.8 percent from 2016 to 2017.
As job openings reach unprecedented levels, so does quitting
Americans are increasingly taking advantage of a tight labor market to find new, often higher-paying jobs.
U.S. wage gains jump as hiring exceeds expectations
American wages unexpectedly climbed in August by the most since the recession ended in 2009.
U.S. consumer spending shows solid 0.4 percent July increase
The July spending gain, fueled by strong job growth and tax cuts, followed a similar 0.4 percent rise in June, the government said Thursday.
U.S. economy slightly stronger in 2nd quarter than first estimated
The U.S. economy grew at a strong 4.2 percent annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest annual gain in more than a decade.
U.S. consumer confidence rises to 18-year high
The overall economy, as measured by the gross domestic product, grew at a 4.1 percent rate in the April-June quarter, the best performance since 2014.
U.S. retail sales show robust monthly rise of 0.5 percent
Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that consumers are helping drive robust economic growth.
Trump orders doubling of steel, aluminum tariffs for Turkey
The clash between the NATO allies reverberated across global markets Friday as an economic crisis in Turkey threatened to spread. The S&P 500 Index erased its gain for the week.
These are boom times for Cummins, but will they last?
A BMO Capital Markets analyst forecasts the engine manufacturer iwill see 16.9 percent revenue growth this year and 5.8 percent growth in 2019 before seeing a 2.9 percent decline in 2020.