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Category: News


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US housing starts soar 16.9% in December to a 13-year high

January 17, 2020

Via: CNBC

U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record. Housing starts […]


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US employers expected to have added 160,00 jobs in December

January 10, 2020

Via: ABC News

WASHINGTON — The U.S. job market appears to be entering 2020 on a solid footing. Economists expect that Friday’s jobs report will show job gains of 160,000 in December, with the unemployment rate holding steady at 3.5%, according to the […]


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Private payroll growth surges in December to end 2019 strong, ADP says

January 8, 2020

Via: CNBC

Private payroll growth ended 2019 on a strong note, with companies adding 202,000 positions in December in another sign of a healthy labor market, according to a report Wednesday from ADP and Moody’s Analytics. The total was well above the […]


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US home sales tumbled 1.7% in November

December 23, 2019

Via: ABC News

WASHINGTON — Home-buying slumped in November, with many Americans priced out of the market by rising prices and a shortage of sales listings. The National Association of Realtors said Monday that sales of existing homes fell 1.7% last month to […]


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China Is Lowering Tariffs Next Year. First On the List: Pork

December 23, 2019

Via: Fortune

China cut import tariffs on a wide range of goods including food, consumer items and parts for manufacturing smart-phones, continuing Beijing’s drive to lower trade barriers and spur domestic demand. The Ministry of Finance on Monday published a list of […]


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Import prices rise in November due to oil, but they still aren’t adding to U.S. inflation

December 13, 2019

Via: Market Watch

The numbers: The cost of imported goods rose in November at the fastest pace in six months, but the increased was tied entirely to oil and unlikely to add much pressure to U.S. inflation. The import price index advanced 0.2% […]


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China waiving tariff hikes on US soybeans, pork

December 6, 2019

Via: ABC News

China is waiving punitive tariffs on U.S. soybeans and pork while the two sides negotiate a trade deal, the Ministry of Finance said Friday. Beijing promised in September to lift the tariffs, adding to conciliatory steps that raised hopes for […]


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Jobless claims tumble to 213,000 just before Thanksgiving, back near postrecession low

November 27, 2019

Via: Market Watch

The numbers: The number of people who applied for unemployment benefits fell sharply in the week before Thanksgiving, putting jobless claims back near historic lows and reflecting the persistent strength in the U.S. labor market. Initial jobless claims declined by […]


News

Fed Chair Paints Rosy Economic Picture, but Says Risks Remain

November 13, 2019

Via: The New York Times

WASHINGTON — Jerome H. Powell, the Federal Reserve chair, painted an optimistic picture of the United States economy before Congress on Wednesday, though he warned that threats to the outlook persist. “In particular, sluggish growth abroad and trade developments have […]


News

U.S. jobless claims fall to one-month low of 211,000 — labor market stays strong

November 7, 2019

Via: Market Watch

The numbers: The number of people who applied for unemployments benefits in early November fell to the lowest level in a month and clung near a half-century low, reflecting the resilience of the strongest labor market in decades. Initial jobless […]