Tag Archives: US Economy

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 …

Consumer spending in the United States rebounded in March amid a rise in income, as families received additional aid money linked to the Covid-19 pandemic from the government, laying a solid foundation for a further acceleration in consumption in the second quarter. The Commerce Department said on Friday that consumer …

A report by Goldman Sachs expected that the British economy would record a faster growth pace than its US counterpart, with the acceleration of the distribution of anti-virus vaccines in the United Kingdom. The British government succeeded in delivering the vaccine to nearly half of the UK population, who received …

The United States trade balance of goods registered an increase in its deficit during March, for the third consecutive month, data showed on Wednesday. The goods trade deficit increased by 4% to reach a new record high of $90.6 billion last month, according to the U.S. Census Bureau.

The Fifth District Survey of Manufacturing Activity’s Composite Index remained unchanged at 17 this month, maintaining its reading from March, according to data by the Federal Reserve Bank of Richmond. The index continued to indicate growth, as all its main components, namely shipments, new orders, and employment, remained positive, signaling …

The United States index of home prices in 20 major cities rose by 11.9% in February on an annual basis, data by S&P Dow Jones Indices showed on Tuesday. On a monthly basis, the index leveled up by 1.2%, according to the S&P CoreLogic Case-Shiller Index. This marked the largest …

The highly anticipated increase of the capital gains tax in the United States would only impact 0.3% of American taxpayers, according to Brian Deese, the Director of the National Economic Council, Reuters reported. “We need to do something about equalizing the taxation of work and wealth in this country.” “And …