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Latest Economic disasters Stories

2006-01-27 11:56:32

By Glenn Somerville WASHINGTON (Reuters) - The U.S. economy ended 2005 on a surprisingly soft note as consumer spending grew at the slowest rate since 2001 and businesses were less eager to boost investment, a government report on Friday showed. The Commerce Department said gross domestic product, the broadest measure of economic activity within U.S. borders, expanded at a weak 1.1 percent annual rate in the October-December period -- little more than a quarter of the third...

2006-01-27 09:34:46

By Glenn Somerville WASHINGTON (Reuters) - U.S. economic growth slowed sharply in the fourth quarter to the weakest pace in three years as consumers spent less robustly, growth in home building eased and businesses were less eager to boost investments, a government report on Friday showed. Gross domestic product, the broadest measure of economic activity within U.S. borders, advanced at a surprisingly weak 1.1 percent annual rate in the October-December period -- little more than a...

2006-01-27 09:20:31

By Glenn Somerville WASHINGTON (Reuters) - U.S. economic growth slowed sharply in the fourth quarter to the weakest pace in three years as consumers spent less robustly, growth in home building eased and businesses were less eager to boost investments, a government report on Friday showed. Gross domestic product, the broadest measure of economic activity within U.S. borders, advanced at a surprisingly weak 1.1 percent annual rate in the October-December period -- little more than a...

2006-01-26 17:10:38

By Alister Bull WASHINGTON (Reuters) - Demand rose for a broad range of U.S. durable goods last month, government data showed on Thursday, boosting expectations for strong economic growth and increasing bets the Federal Reserve will raise interest rates at least two more times. New claims for jobless aid also rose slightly last week to 283,000 but were below forecasts, while a more reliable gauge of employment trends hit a 5-1/2 year low, suggesting further improvement in an already...

2006-01-19 13:45:56

By Victoria Thieberger NEW YORK (Reuters) - New home construction tumbled in December, pointing to further cooling in the U.S. real-estate boom, but other figures on Thursday showed a robust labor market as new jobless claims fell to a six-year low. A third report on regional manufacturing revealed an unexpected stalling in factory activity in the Philadelphia Federal Reserve's Mid-Atlantic district, despite an improvement in new orders. Analysts said the figures showed moderate...

2006-01-19 12:15:06

By Kristin Roberts WASHINGTON (Reuters) - New U.S. jobless claims fell to a six-year low last week, pointing to a strong labor market, and December housing starts slowed as a record-breaking rally in real estate cooled, government data on Thursday showed. The Labor Department said the number of U.S. workers making new claims for unemployment benefits fell unexpectedly last week to 271,000, down 36,000 from a revised 307,000 the prior week. That was the largest one-week drop since...

2006-01-19 12:10:18

By Kristin Roberts WASHINGTON (Reuters) - New U.S. jobless claims fell to a six-year low last week, pointing to a strong labor market, and December housing starts slowed as a record-breaking rally in real estate cooled, government data on Thursday showed. The Labor Department said the number of U.S. workers making new claims for unemployment benefits fell unexpectedly last week to 271,000, down 36,000 from a revised 307,000 the prior week. That was the largest one-week drop since...

2006-01-19 09:24:06

By Kristin Roberts WASHINGTON (Reuters) - The number of U.S. workers making new claims for unemployment benefits fell unexpectedly last week to the lowest level in nearly six years, a government report showed on Thursday. A separate report showed U.S. housing starts fell 8.9 percent in December as single-family house construction tumbled, pointing to further cooling after a five-year real estate boom. U.S. Treasury debt prices slipped on the jobs report, which covered the week in...

2005-12-08 14:13:38

WASHINGTON (Reuters) - The net wealth of American households rose in the third quarter of 2005 as real estate and financial assets gained value, but household debt grew at the fastest rate since 1987, the Federal Reserve said on Thursday. In its quarterly "Flow of Funds" report, the central bank said household balance sheet values rose to $51.09 trillion in the quarter, up from a revised $49.77 trillion in the second quarter. The 2005 second-quarter net worth was originally reported...

2005-11-04 09:15:15

By Glenn Somerville WASHINGTON (Reuters) - A smaller-than-expected 56,000 new U.S. jobs were created in October despite the fading impact of Hurricane Katrina, while total job growth over the two prior months was revised lower, a government report on Friday showed. The report buoyed prices for U.S. Treasury securities as investors hoped it might make the Federal Reserve more reluctant to keep raising U.S. interest rates, but stock futures and the dollar dived. The picture it painted...


Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.