Archive | December, 2009

Employers see uptick in hiring in 2010

29 Dec

NEW YORK (Reuters) – U.S. employers expect to hire more new workers in 2010 than they did in 2009, a sign the U.S. recession may be easing its grip, research showed on Tuesday.

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U.S. consumer spending rises, new home sales slump

24 Dec

WASHINGTON (Reuters) – U.S. consumer spending rose in November as incomes recorded their biggest gain in six months, but a surprise drop in new home sales to a seven-month low was a reminder that the economic recovery would be bumpy.

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Jobless claims fall, durables orders rise

24 Dec

WASHINGTON (Reuters) – New orders for long-lasting U.S. manufactured goods excluding transportation surged in November, and applications for jobless benefits fell last week, pointing to a firmly entrenched economic recovery.

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U.S. home sales bolster economic growth prospects

22 Dec

WASHINGTON (Reuters) – Sales of previously owned U.S. homes jumped to the highest level in nearly three years last month, the latest sign the economic recovery was gaining steam after growing below expectations in the third quarter.

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U.S. Economy Grew at 2.2% Annual Rate Last Quarter

22 Dec

Dec. 22 (Bloomberg) — The economy in the U.S. expanded in the third quarter at a slower pace than anticipated as companies curbed spending and cut inventories at an even faster pace, reductions that have set the stage for acceleration in growth…. Read the full story here.

Data points to economic recovery continuing

17 Dec

WASHINGTON (Reuters) – Factory activity in the U.S. mid-Atlantic region hit a 4-1/2 year high in December and a gauge of future economic conditions rose last month, adding to evidence of a pick-up in the pace of the economy’s recovery.

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Leading economic index rises 8th month in row

17 Dec

WASHINGTON (Reuters) – The Conference Board’s gauge of future economic conditions rose in November, for its 8th straight monthly increase, boosted by improving financial conditions, employment and housing, the private research group said on Thursday.

The Leading Economic Index increased…read the full story here.

U.S. Reports Upturn in Home Building

16 Dec

Published: December 16, 2009

Builders broke ground on homes at a faster rate in November, the government said Wednesday, offering some hope that construction will continue to grow modestly and help stimulate the broader economy.  Home construction increased to a seasonally adjusted annually rate of 574,000, the Commerce Department said, up 8.9 percent from October. Analysts attributed the jump to unexpectedly warm and dry weather in November after an unusually cold and wet October.  Read the full story here…

The New York Times


Stocks seen notching up more gains in 2010

16 Dec

NEW YORK (Reuters) – Stocks should score a second straight year of gains in 2010 as an economic recovery brightens the profit outlook, extending the market’s rebound from the depths of a punishing financial crisis, a Reuters poll showed on Wednesday.

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Economic news raises hopes for global recovery

11 Dec

By MARTIN CRUTSINGER, AP Economics Writer Martin Crutsinger, Ap Economics Writer 1 hr 18 mins ago

WASHINGTON – Signs of a strengthening global recovery emerged Friday, with consumers boosting retail sales, companies restoring stockpiles and Chinese exports mounting a comeback.

The reports heightened hopes that consumers are starting to feel more comfortable about

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