Economists from Indiana University Kelley School of Business say they are cautiously optimistic that 2015 will be the strongest year the economy has seen yet in its long, slow recovery from the Great Recession.
A Fifth Third Bank expert told attendees at IBJ's 2015 Economic Forecast on Thursday that the business cycle is maturing but still has some oomph left in it.
The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week, the latest sign of a strengthening labor market that could help blunt worries about the impact of weak global growth.
Total U.S. business sales fell 0.4 percent in August after a 0.7-percent sales increase in July. It was the biggest monthly sales decline since a 1.1-percent drop in January.
A survey of Harvard Business School alumni released Monday reveals a series of trends that are widening income disparities and may be weakening the ability of the U.S. economy to grow in the long term.
Key manufacturers and suppliers have announced recent expansions, the stock market is at an all-time high, and consumers are more confident in the future, industry leaders say.
U.S. consumer spending edged down 0.1 percent last month after a 0.4-percent increase in June, the Commerce Department reported Friday.
The Congressional Budget Office says the U.S. economy will grow by just 1.5 percent this year — hurt by a poor first-quarter performance. This new assessment is considerably more pessimistic than the Obama administration’s.
Business orders for long-lasting manufactured goods shot up by the largest amount on record in July. But most of the strength came from demand for commercial aircraft. Outside of transportation, orders dipped.
The four-week average, a less volatile measure, rose 2,000, to 295,750. That continues to be close to averages that predate the beginning of the Great Recession in late 2007.
Job openings have increased 17.6 percent during the past 12 months, while hiring has risen 9.3 percent during the same period, suggesting a mismatch in the jobs market.
Corporations are among our oldest institutions. Something like a joint stock company probably triggered the earliest formal written communication—the accounting ledger.
July marked the sixth straight month of job growth above 200,000, evidence that businesses are shedding the caution that had marked the 5-year-old economic recovery.
The economic recovery is entering its sixth year, but a number of factors help explain why many Americans don't feel better off.
Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.
The numbers suggest a strengthening job market, especially since hiring is at its healthiest clip since the late 1990s, and the 6.1 percent unemployment rate is at a 5 1/2-year low.
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.
Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1 percent, Labor Department figures showed Thursday.
The U.S. economy has finally regained the jobs lost to the Great Recession, but a smaller percentage of Americans are actually working and median household income has declined considerably since before the recession.
Employers added 217,000 jobs in May, a substantial gain for a fourth straight month, fueling hopes that the economy will accelerate after a grim start to the year.
