Economics News Results

  • Australia Added 50,000 Jobs in December

    SYDNEY--Australia added 50,000 mostly full-time jobs in December and the unemployment rate fell to 6.6%, as the national economy continues to recover from the early impact of the coronavirus pandemic. The jobs gain was in line with consensus expectations, as was the 66.2% participation rate. A total of 35,700 full- time positions were created in December, along with 14,300 part-time roles, the Australian Bureau of Statistics said.

  • U.S. Home-Builder Confidence Drops in January

    Home-builder confidence in the U.S. decreased in January due to rising material costs and a resurgence of the coronavirus across much of the nation, according to a measure from the National Association of Home Builders. Here are the report's main takeaways:. --The association's housing market index, which gauges the single-family housing market, fell to 83 in January, down three points from the December level of 86. A number above 50 indicates that more builders view conditions as...

  • Existing Home Sales Seen Dipping Again -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Tuesday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Jan 16 925 K 965 K 0830 Housing Starts Dec 1.56 M 1.547 M-- percent change Dec +0.8% +1.2% 0830 Building Permits Dec 1.61 M 1.639 M-- percent change Dec -1.8% +6.2% 0830 Phila Fed Mfg Svy Jan 10.5 11.1 Friday 0945 Markit Flash Mfg PMI Jan 57.0 57.1* 0945...

  • Biden Inherits an Older, Polarized and Financially Insecure Nation

    President-elect Joe Biden is inheriting a country with an aging population that is on shakier economic footing and is more politically polarized than at most points in recent years. Key metrics of financial and social well-being show the challenges Mr. Biden faces as he moves into the White House on Wednesday.

  • South Africa Annual CPI Inched Down in December

    JOHANNESBURG--South Africa's annual consumer price inflation inched down to 3.1% in December, from 3.2% in November, again just barely falling within the South African Reserve Bank's target range of between 3% and 6% annual inflation. In 2020 overall, consumer prices increased by 3.3%, their lowest level since 2004, Statistics South Africa said Wednesday, as Africa's most developed economy battled with a devastating coronavirus outbreak and restrictions to quell its...

  • UK December Inflation Rises

    Annual consumer-price inflation in the U.K. rose in December, data from the Office for National Statistics showed Wednesday. Consumer prices rose 0.6% on the year in December, compared with a 0.3% rise in November. The reading matches expectations from economists polled by The Wall Street Journal.

  • Existing Home Sales Seen Dipping Again -- Data Week Ahead Update

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Wednesday 1000 Housing Market Index Jan 85 86 Thursday 0830 Jobless Claims Jan 16 925 K 965 K 0830 Housing Starts Dec 1.56 M 1.547 M-- percent change Dec +0.8% +1.2% 0830 Building Permits Dec 1.61 M 1.639 M-- percent change Dec -1.8% +6.2% 0830 Phila Fed Mfg Svy Jan 10.5 11.1 Friday 0945 Markit Flash Mfg PMI Jan 57.0 57.1* 0945...

  • Yellen Tells Lawmakers That American Workers Would Be Her Core Focus -- 2nd Update

    WASHINGTON-- Janet Yellen told lawmakers Tuesday she would make the needs of America's workers her core focus if confirmed as the next U.S. Treasury secretary and ensure the U.S. has a competitive economy that offers good jobs and wages workers in cities and rural areas. "I will be focused on day one on providing support to America's workers and to small businesses, putting into effect as quickly and efficiently as I can, the relief in the bill that was recently passed, and then over time...

  • Yellen Tells Lawmakers That American Workers Would Be Her Core Focus -- Update

    WASHINGTON-- Janet Yellen told lawmakers Tuesday she would make the needs of America's workers her core focus if confirmed as the next U.S. Treasury secretary and ensure the U.S. has a competitive economy that offers good jobs and wages workers in cities and rural areas. "I will be focused on day one on providing support to America's workers and to small businesses, putting into effect as quickly and efficiently as I can, the relief in the bill that was recently passed, and then over time...

  • Yellen Tells Lawmakers That American Workers Would Be Her Core Focus

    WASHINGTON-- Janet Yellen told lawmakers Tuesday she would make the needs of America's workers her core focus if confirmed as the next U.S. Treasury secretary and ensure the U.S. has a competitive economy that offers good jobs and wages workers in cities and rural areas. "I will be focused on day one on providing support to America's workers and to small businesses, putting into effect as quickly and efficiently as I can, the relief in the bill that was recently passed, and then over time...

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