U.S. retail sales rise steadily; labor market tightening

Though a report last week showed a slowdown in job growth in December and the increase in the annual wage gain retreating to below 3.0%, the labor market remains on solid footing. In a separate report on Thursday, the Labor Department said initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 204,000 for the week ended Jan. 11.U.S. stocks were trading higher and the dollar .DXY was up slightly against a basket of currencies. Prices of U.S.

But with U.S. duties remaining in effect on $360 billion of Chinese imports, about two thirds of the total, economists do not expect the so-called “Phase 1” deal to provide a boost to manufacturing, which is in recession. Even as trade tensions have eased, a dark pall remains over manufacturing, which accounts for 11% of the economy. Boeing has suspended production of its fast-selling 737 MAX jetliner starting this month and ripple effects are already being felt, with a major supplier announcing layoffs last week.

Consumer spending, which accounts for more than two-thirds of U.S. economic activity, grew at a 3.2% annualized rate in the third quarter. Growth in consumer spending is expected to have slowed to around or below a 2.5% rate in the fourth quarter. The economy expanded at a 2.1% pace in the July-September period.

Yesterday we heard a few big stores had horrible seasons.. sometimes I wonder about this information. 😒

The greatest U.S. economy in history, not! ‘Never mind that man behind the curtain’

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

The Iran nuclear deal: Here's what you need to know - Business InsiderSince Trump withdrew from the Iran nuclear deal, tensions between Washington and Tehran have steadily risen and reached a boiling point over the summer and again in the early days of 2020. So what bombiran we got your back realDonaldTrump persianJew
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Morgan Stanley earnings, retail sales, manufacturing gauge: 3 things to watch for in the markets ThursdayWe'll get earnings from Morgan Stanley, retail sales and Philadelphia Federal Reserve manufacturing index results on Thursday.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

New jobless claims fall 5th straight week to 204,000 in sign of strong U.S. labor marketThe number of Americans who applied for unemployment benefits in early January fell for the fifth week in a row, giving a clean bill of health to strong U.S....
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »