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Star Tribune
| 3 months ago
Fears of a recession seemed to evaporate as the nation added 157,000 net jobs last month and other key economic data improved, boosting major stocks to their highest level in more than five years. Economists and investors were heartened by the Labor...
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The Guardian
| 4 months ago
New York Norma Urbario, left, and America Rodriguez stand in line, holding their resumes, during a job fair in Miami last month. Photograph: J Pat Carter/AP The US added 157,000 new jobs in January, slightly below expectations, as the unemployment...
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Star Tribune
| 4 months ago
The "R" word that economists were using after Wednesday's news that U.S. gross domestic product contracted in the fourth quarter was rebound, not recession. The economy will bounce back in the current quarter after plunging defense spending and...
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Los Angeles Times
| 4 months ago
Fourth-quarter earnings for shipping giant UPS fell short of analysts' expectations as holiday consumer spending was weaker than anticipated, the company reported Thursday. United Parcel Service Inc. reported a net loss of $1.75 million for the...
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The Guardian
| 4 months ago
New York Claims above 400,000 signal a deteriorating jobs market. Photograph: Mike Groll/AP The number of people filing their first claim for unemployment benefits in the US has risen by more than forecasters expected. Initial jobless claims...
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The Globe & Mail
| 4 months ago
The Canadian dollar was slightly higher Thursday amid data showing the Canadian economy performed a bit better than expected in November. The loonie was ahead 0.02 of a cent to 99.87 cents (U.S.) after Statistics Canada reported gross domestic...
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International Business Times
| 4 months ago
In the week ending Jan. 26, applications for unemployment insurance payments increased by 38,000, the most since Nov. 10, to a seasonally adjusted 368,000. Economists polled by Reuters had forecast that claims would rise to 351,000 last week...Last...
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International Business Times
| 4 months ago
Of the 174 companies in the S&P 500 that have reported earnings so far, 68.4 percent have come in above analyst expectations, according to Thomson Reuters data. That's a higher proportion than over the past four quarters and above the average since...
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The Economic Times
| 4 months ago
The US economy unexpectedly contracted in the fourth quarter, but analysts said there was no reason for panic given that consumer spending and business investment picked up. Gross domestic product fell at a 0.1 per cent annual rate, its weakest...
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Los Angeles Times
| 4 months ago
The economy's unexpected contraction at the end of last year showed that " fiscal cliff " fears and a sharp drop in defense spending pushed the moderate recovery off track, highlighting the precarious nature of the country's economic revival. The...
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Washington Post
| 4 months ago
The Washington Post The American economy shrank at the end of last year for the first time since the recession ended, according to new government data, as deep cuts in federal spending torpedoed what otherwise looked to be a modest recovery.
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Chicago-Sun Times
| 4 months ago
Most economists agree that the snapshot of U.S. economic growth released Wednesday, Jan. 30, 2012, is going to look dismal. (AP Photo/Nick Ut) Updated: January 30, 2013 7:42PM The best news from the latest reading on the nation's economy is that...
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Channel NewsAsia
| 4 months ago
The US economy shrank in the fourth quarter last year as Washington slashed defence spending and businesses trimmed inventories ahead of the feared fiscal cliff, Commerce Department data showed Wednesday. Weather -- especially the superstorm Sandy...
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The Independent
| 4 months ago
Suggested Topics A drop-off in government spending, along with a reduction in business inventories, led to an unexpected contraction in the US economy at the end of last year. Gross domestic product declined by 0.1 per cent in the three months to...
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Australian Broadcasting Corporation
| 4 months ago
America's annual rate of gross domestic product slipped 0.1 per cent in the December quarter...A big drop in government spending, particularly in defence, and the impact of Superstorm Sandy helped drag down growth. However, NAB economist Ray Attrill...
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United Press International
| 4 months ago
Federal Reserve said it would continue asset purchase at the rate of $85 billion per month and hold steady with its historically low interest rates. Consistent with its message in December, the central bank said it would maintain its federal funds...
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Chicago Tribune
| 4 months ago
The economy unexpectedly contracted in the fourth quarter, but analysts said there was no reason for panic given that consumer spending and business investment picked up. Gross domestic product fell at a 0.1 percent annual rate, its weakest...
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NY Daily News
| 4 months ago
Stories The slow-moving U.S. economy hit a wall in the final months of 2012, backtracking for the first time since the recession ended. Gross domestic product shrank at a 0.1% annual pace in the fourth quarter, the Commerce Department reported. The...
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The Guardian
| 4 months ago
David Mcnew/Reuters If western countries want a positive GDP growth rate in the current climate the government needs to be a buyer not a seller. The 0.1% contraction in US GDP in the fourth quarter, is not only the result of a cut in government...
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BNET
| 4 months ago
Port of Los Angeles. / AP Photo/Nick Ut (MoneyWatch) The nation's gross domestic product -- the value of all goods and services produced -- fell at an annual rate of 0.1 percent in the fourth quarter, a big downshift from 3.1 percent in the third...
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The Washington Times
| 4 months ago
U.S. economic growth, in a stunning and surprising development, ground to a halt at the end of last year, falling from a healthy 3.1 percent rate in the summer to a contraction of 0.1 percent in the final quarter, the Commerce Department reported...
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The Guardian
| 4 months ago
New York The US GDP shrank for the first time since October 2009, but the private sector added 192,000 jobs this month. Photograph: Spencer Platt/Getty Images The US economic recovery juddered to a halt in the final months of 2012 as government...
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Los Angeles Times
| 4 months ago
The U.S. economy shrank at a 0.1% annualized rate in the last three months of 2012 amid fears about the fiscal cliff , the Commerce Department reported Wednesday. It was the first time economic growth contracted since the end of the Great Recession...
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The New York Times
| 4 months ago
Economy Unexpectedly Contracted in Fourth Quarter Nick Ut/Associated Press The government said economic output in the quarter fell at an annual rate of 0.1 percent. Published: January 30, 2013 The United States economy unexpectedly reversed course in...
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National Public Radio
| 4 months ago
Before the number was released, they were predicting BEA would say there was modest 1.1 percent growth in the last three months of 2012. According to BEA: "the decrease in real [gross domestic product] in the fourth quarter primarily reflected...
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Ledger-Enquirer
| 4 months ago
Stock futures slid Wednesday after the government revealed that economic growth in the U.S. shrank in the final quarter of 2012, the first time that has happened in more than three years...Part of the reason for the slowing growth was the biggest...
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The Globe & Mail
| 4 months ago
Market View Investor Roundtable Bitumen flowlines from a well pad at Nexen's Long Lake project in northern Alberta. Market View That was the worst performance since the second quarter of 2009, when the recession ended, and showed the economy entering...
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BBC
| 4 months ago
US economy shrinks a surprise 0.1% in fourth quarter The US economy has received a boost over the past couple of quarters US Economy The US economy unexpectedly shrank at an annualised rate of 0.1% in the fourth quarter of 2012, initial official...
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The Courier-Mail
| 4 months ago
S economy shrank at the fastest pace in more than three years in the final quarter of 2012, official data shows, casting a shadow over the prospects of nearly six million unemployed. Total economic output slumped 0.7 per cent from the previous...
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GMA News
| 4 months ago
Though some of the factors holding back growth were temporary, the report is not expected to give officials at the US central bank any reason to ease up on their ultra-accommodative policy stance. Economists say a growth pace in excess of 3 percent...
