Tag Archives: US Economy

The confidence of homebuilders in the United States stabilized, supported by the low-interest rates amid increasing construction costs due to the rising inflation rates. The home builders’ confidence index registered a reading of 83 this month, according to data by the National Association of Home Builders (NAHB) released on Monday. …

Industrial Production in the United States expanded by 0.7% on a monthly basis in April, the US Federal Reserve reported on Friday. This reading followed March’s increase of 2.4% (revised from 1.4%) and fell short of analysts’ estimate of 1%.

Retail sales in the United States were unexpectedly flat in April as support ebbed from stimulus payments, but the coming months are likely to see an acceleration as savings reach unprecedented levels and economic activity resumes. Moreover, the Retail Sales Control Group declined by 1.5% after rising 10.7% in March. …

Treasury bond yields in the United States continued to rise for the fourth consecutive session on Wednesday, as a rise in inflation is reducing demand for long-term debt instruments. The benchmark 10-year Treasury bond yield registered its biggest daily increase since March 18, rising by 0.071 to 1.695% Meanwhile, the …

Consumer prices in the United States surged during April, leading to the highest rise in the inflation rate in more than 12 years, data showed on Wednesday. The Consumer Price Index (CPI) increased by 4.2% last month, according to official data by the U.S. Department of Labor. This marked the …

The United States economy added fewer jobs than expected during April, official government data showed on Friday. The U.S. Department of Labor monthly report showed that nonfarm payrolls increased by 266,000 jobs last month. This follows a 770,000 increase in March and compared with market expectations of 978,000 new jobs. …

Worker productivity in the United States rose during the first quarter of the year, data showed on Thursday. Nonfarm productivity increased by 5.4% on a yearly basis during Q1 of 2021, according to the U.S. Department of Labor. The reading for Q4 of last year was revised upwards to show …

Initial jobless claims declined last week to reach a seasonally adjusted 498,000 for, data by the U.S. Department of Labor showed on Thursday. The decline in the claims for state unemployment benefits during the week ended May 1 decreased compared to its level at 590,000 in the previous week, reaching …

The United States services sector expanded with a relatively slower pace in April, data showed on Wednesday. The Institute for Supply Management (ISM) non-manufacturing activity index declined to 62.7 in April from a reading of 63.7 in March, which was a new record high. The services sector’s new orders index …

The United States Secretary of the Treasury, Janet Yellen, suggested on Tuesday that raising interest rates might be necessary in order to avoid the economy overheating amid increased government stimulus spending and investment plans. “It may be that interest rates will have to rise somewhat to make sure that our …