U.S. services firms grow at a record pace
Seventeen services industries reported growth last month, and none declined.
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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.
U.S. employers add 157,000 jobs; jobless rate ticks down
The slip in hiring last month may be temporary. Consumers are spending freely and businesses are stepping up their investment in buildings and equipment, accelerating growth.
Consumer spending shows solid monthly increase of 0.4 percent
Meanwhile, a key gauge of inflation increased at an annual pace of 2.2 percent for a second straight month—the strongest back-to-back gains in six years.
State unemployment rate ticks up as more seek work
Private sector employment in Indiana fell by 2,500 in June, but is up more than 16,600 over the year, the state said.
Fed leader bullish on U.S. economy, expects rates to keep rising
In his semi-annual testimony to Congress on Tuesday, Federal Reserve Chairman Jerome Powell gave lawmakers an upbeat assessment of the economy.
Fed Chair Powell says economy in ‘good place’ at moment
In an interview Thursday, Federal Reserve Chairman Jerome Powell gave an upbeat assessment of the economy, noting that unemployment is at its lowest point in nearly two decades and inflation is rising toward the Fed’s optimal range.
U.S. inflation sees biggest increase in six years
Consumer prices rose in June from a year earlier at the fastest pace since February 2012, lifted by more expensive gas, car insurance and higher rents.
U.S. adds 213,000 jobs; unemployment rises to 4 percent
U.S. employers kept up a brisk hiring pace in June, and unemployment rose as more people began looking for a job.
Ball State economist says tariffs will hurt Indiana’s economy
Economist Michael Hicks says tariffs proposed by the Trump administration could result in job losses and GDP reductions starting this year.