The chief investment strategist for Fifth Third Bank says the economy is in the seventh inning of its recovery, which is "good news." But headwinds in the labor market could be limiting the potential for growth.
The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president.
Indianapolis’ economic performance in recent years has been as good or better than that of most of its peer cities around the Midwest, new government data show.
No particular industry sector appears safe from the impact, as the county’s unemployment rate falls below 3 percent. Companies in health care, information technology, advanced manufacturing and construction are all struggling to find workers.
Employers added 156,000 jobs in August, enough to suggest that most businesses remain confident in an economy now in its ninth year of recovery. Pay raises are still meager, however.
The U.S. economy rebounded sharply in the spring, growing at the fastest pace in more than two years amid brisk consumer spending on autos and other goods.
The disaster that’s still unfolding across the Gulf Coast of Texas will be crushing for the region, but experts say it is unlikely to cause long-lasting disruptions across the national economy.
U.S. employers added 209,000 jobs in July, a second straight month of robust gains.
The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending.
The unemployment rate ticked up to 4.4 percent from 4.3 percent in May, which was a 16-year low, the Labor Department said Friday. The rate rose because more Americans began looking for work.
Demand for long-lasting U.S. factory goods fell in May, and a key category that tracks business investment also slipped, evidence that manufacturing output is barely growing.
U.S. employers pulled back on hiring in May by adding only 138,000 jobs, though the gains were enough to help nudge the unemployment rate down to a 16 year-low.
Americans increased their spending in April at the fastest pace in four months, bolstered by a solid gain in incomes.
The U.S. economy started 2017 out with a whimper, but it wasn't quite as weak as first thought. The government revised up its January-March growth reading, the Commerce Department reported Friday.
The Federal Reserve said Tuesday that industrial production at U.S. factories, mines and utilities shot up 1 percent in April from March, the biggest gain since February 2014 and the third straight monthly gain.
Economists surveyed by the National Association for Business Economics are generally optimistic about the U.S. economy, with most expecting stronger growth than last year's poor performance.
A resilient China, rising commodity prices and sturdy financial markets are offering a sunnier outlook for the global economy.
Payroll processor ADP said Wednesday that businesses added 263,000 jobs in March, the most since December 2014.
The U.S. economy grew at a slightly faster rate in the fourth quarter, but the small change did not alter the growth rate for the entire year, which came in at an anemic 1.6 percent. It was the worst showing in five years.
The index measures both consumers' assessment of current conditions and their expectations for the future. Both improved this month.
