Economics News Results

  • March Hiring Surge Spanned The Country

    Hiring increased in 49 states across the country in March, with large states such as California, Texas and New York adding the most jobs. California added 119,600 last month, Texas added 99,000 and New York employment rose 63,700, the Labor Department said Friday. Alaska was the only state to shed jobs, losing about 200. Still, labor-market performance is uneven across the states, as some dealt with increases in infections while others have more fully reopened as vaccinations...

  • U.S. Consumer Sentiment Extends Gains to Early April -- University of Michigan

    Consumers sentiment in the U.S. continued to rise in early April on improving economic and job situation amid progress on vaccination, support from fiscal policy and easing of virus-related restrictions. The preliminary estimate of the index of consumer sentiment compiled by the University of Michigan came in at 86.5 in April, up from 84.9 in March. The reading misses expectations from economists polled by The Wall Street Journal, who forecast the indicator to increase to 89.0.

  • U.S. Housing Starts Rebounded in March

    Construction of new homes in the U.S. increased sharply in March following a weather-related decline the previous month, data from the Commerce Department showed Friday. Here are the main takeaways from the report:. --Housing starts, a measure of U.S. homebuilding, rose by 19.4% in March compared with February, to a seasonally adjusted annual rate of 1.739 million.

  • Chinese Economy Grew More Than 18% in First Quarter -- Update

    BEIJING--China's economy surged 18.3% in the first quarter from a year earlier, a record rate of growth that reflected the recovery from a deep coronavirus-induced trough in early 2020 and the continued momentum of the world's second largest economy. The rate of gross domestic product growth in the first three months of 2021 was sharply higher than the 6.5% year- over-year growth recorded in the final quarter of 2020, though it fell short of the 19.2% growth expected by...

  • China Home Sales Continued Surging in March

    China's home sales surged in March, albeit at a slower pace than in the first two months of the year, given a low comparative base in early 2020 and the country's recovery from the coronavirus pandemic. Home sales by volume--a major indicator of demand--soared 95.5% in the first three months of 2021 from a year earlier, slower than the 143.5% gain recorded in the first two months of the year, according to data released Friday by the National Bureau of Statistics.

  • China Economic Indicators Sustain Momentum in March

    BEIJING--China's major economic indicators continued to show robust growth momentum in March, according to official data Friday, helping the world's second-largest economy report its fastest year-on-year growth on record in the first quarter. Industrial production, investment and consumer spending all posted double-digit percentage growth in March, though the growth rates were generally lower than those during the January-February period, which were measured...

  • Chinese Economy Grows More Than 18% in First Quarter

    BEIJING--China's economy surged 18.3% in the first quarter from a year earlier, a record rate of growth that was flattered by the coronavirus-induced trough at the start of 2020, but that also reflects continued momentum in the world's second-largest economy. The rate of gross domestic product growth in the first three months of 2021 was sharply higher than the 6.5% year- over-year growth recorded in the final quarter of 2020, though it fell short of the 19.2% growth expected...

  • China New Homes Prices Grew Moderately in March

    BEIJING--China's new home prices grew moderately in March as government measures to cool the property market and tightening capital flows had some impact. Average new home prices rose 4.36% in March from a year earlier, the National Bureau of Statistics said Friday, following a 4.06% rise in February. On a month-over-month basis, average new home prices rose 0.41% in March, compared with a 0.36% increase in February.

  • Singapore's Non-Oil Domestic Exports Rose 12.1% in March

    SINGAPORE--Singapore's non-oil domestic exports rose 12.1% in March from a year earlier, mainly due to shipments of non-electronics such as petrochemicals, specialized machinery and pharmaceuticals. The result beat the median estimate for a 0.7% decline in a survey of 11 economists by The Wall Street Journal. Non- oil domestic exports rose 4.2% on year in February.

  • Jobs Creep Back in the New York Region as Covid-19 Restrictions Ease

    New York, New Jersey and Connecticut are slowly recovering jobs lost due to the Covid-19 pandemic, but unemployment remains elevated in the region compared with nationwide. New York added 61,200 jobs in March, a 0.8% increase from the prior month, according to the state Department of Labor. The job growth represents a modest acceleration from prior months, and indicates that hard-hit industries may be starting to recover as state officials relax public-health restrictions on...

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