The slow climb back from the recession is showing signs of gaining traction. According to the AICPA Economic Outlook Survey, a majority of senior accounting professionals see an improving economy …
As the country headed into the last weekend before the Christmas break, the federal government announced that the gross domestic product in the third quarter grew at a faster rate than first reported.
The economy expanded in the third quarter at a 4.1% annualized rate, higher than the 3.6% first reported, according to the U.S. Department of Commerce. That’s the fastest rate in almost two years.
Retail sales increased in November, according to the Commerce Department, with increased purchases of automobiles and other goods.
Sales increased 0.7%, which was the largest gain in five months. Sales increased 0.6% in October. Economists had predicted, on average, about a 0.6% increase in November.
The amount of retail sales – $432.3 billion – is 4.7% higher than November 2012, according to the Commerce Department.
The U.S. economy grew at the best rate in a year and half in the third quarter of 2013, which ended in September.
Revised numbers from the U.S. Department of Commerce show that the nation’s gross domestic product expanded by 3.6%, a number that easily beat the prediction from economists of a 3.1% growth rate.
The number is the highest since a 3.7% expansion in the first quarter of 2012.
Unemployment claims dropped last week, another sign that the economy and the overall job picture may be improving as the country heads into the holiday season.
According to the federal Department of Labor, jobless claims fell by 10,000 to 316,000. Most experts had projected about 330,000 jobless claims, according to an article from Reuters.
The number of Americans filing for jobless benefits increased in the last full week of September, according to a U.S. Department of Labor report released this week. The number of …
By MARY PATRICK A recent survey found that economists are keeping a positive outlook on the United States economy, predicting 3% growth by the second quarter of 2014. The numbers …
The June jobs report adds to a string of recent positive announcements about the economy and job market. The Bureau of Labor Statistics reported that…
A recent Gallup poll indicated that bank confidence is up 26 percent from a record low of 21 percent a year ago, a signal that the overall economy…
In his State of the Union address, President Barack Obama called for an increase to minimum wage, from $7.25 to $9.00 per hour by the year 2015. The idea has …