Economics News Results

  • U.S. Jobless Claims Up 30K to 778K in Nov. 21 Week -- 2nd Update

    Jobless claims rose for the second straight week, to 778,000, a sign the nationwide surge in virus cases was starting to weigh on the labor-market recovery. Claims haven't risen for two consecutive weeks since July. Worker filings for unemployment insurance are down sharply from a peak of nearly seven million in late March.

  • U.S. Jobless Claims Up 30K To 778K in Nov. 21 Week -- Update

    Jobless claims rose for the second straight week to 778,000, a sign the nationwide surge in virus cases was starting to weigh on the labor-market recovery. Worker filings for unemployment insurance are down sharply from a peak of nearly seven million in late March. But they remain higher than in any previous recession--the prepandemic peak was 695,000 in 1982-- for records tracing back to 1967..

  • U.S. Jobless Claims Up 30K To 778K in Nov. 21 Week

    Jobless claims rose for the second straight week to 778,000, as a nationwide surge in virus cases showed it was weighing on the labor-market recovery.

  • U.S. Economy Gets Boost as Americans Spend More

    The U.S. economy is heading into the holidays continuing to recover, in large part because Americans continue to boost their spending, particularly on goods. Many reports Wednesday will offer clues about the economy's path this winter. These include Commerce Department data expected to show that consumer spending rose in October for the sixth straight month, while household income declined because of the fading effects of government aid programs, according to economists...

  • Jobless Claims Hold at High Level as Recovery Navigates Covid-19 Surge

    Jobless claims likely held at a high level last week as the U.S. economic recovery navigates a surge in new coronavirus cases and tighter restrictions on businesses in some states. Economists expect unemployment claims ticked down to 733,000 last week from 742,000 a week earlier. Worker filings for unemployment insurance are down sharply from a peak of nearly seven million in late March.

  • South Africa Annual CPI Rose in October

    JOHANNESBURG--South Africa's annual consumer price inflation inched up to 3.3% in October, after registering at 3.0% in September. The reading, a seven-month high, falls within the South African Reserve Bank's target range of between 3% and 6% annual inflation. The data comes after SARB's final meeting of 2020 the past week, where the main interest rate was held at 3.5%.

  • Malaysia October CPI Falls at a Slightly Faster Pace by 1.5%

    KUALA LUMPUR--Malaysia's consumer price index fell in October, leaving the country in a state of deflation for an eighth consecutive month. CPI in October fell 1.5% from a year earlier compared with a 1.4% decline in September, the Department of Statistics said Wednesday. The decline was in line the median forecast for a 1.5% fall by eight economists in a Wall Street Journal poll.

  • Upbeat Investors Look Past Covid-19, Related Woes

    Among the big reasons for climbing stock prices is investors' optimism about the strength of the economic recovery in the years ahead. While recent data show economic growth slowing and consumer confidence flagging, markets are forward-looking and betting the recovery will gain steam, analysts say, particularly with Covid-19 vaccines on the horizon. They are cheered by hopes the shots will ease uncertainty and eventually enable people to fill airplanes, sports stadiums,...

  • U.S. Consumer Confidence Drops Further in November Amid Rise in Covid-19 Cases -- Update

    Consumers' views of the economic outlook soured in November as coronavirus cases soared across the country, according to survey data released Tuesday. The Conference Board, a private research group, said its index of consumer confidence fell to 96.1 this month, from a revised 101.4 in October. Economists surveyed by The Wall Street Journal had expected a reading of 98.0.

  • Mid-Atlantic Manufacturing Activity Declines But Remains Positive in November, Survey Shows--Richmond Fed

    Manufacturing activity across the central Atlantic region of the U.S. remained broadly positive in November, as the composite index declined but continued in expansionary territory, data from a survey from the Federal Reserve Bank of Richmond showed Tuesday. The Fifth District Survey of Manufacturing Activity's composite index came in at 15 in November, down from the 29 reading registered in October. The indicator compares with FactSet's forecast of 19..

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