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2005-10-28 10:02:41

By Glenn Somerville WASHINGTON (Reuters) - The U.S. economy shook off headwinds from hurricanes Katrina and Rita to grow at a faster-than-expected 3.8 percent annual rate in the third quarter, a Commerce Department report showed on Friday. Strong spending by consumers and by the government helped power the expansion as growth in gross domestic product -- the measure of all goods and services produced within U.S. borders -- accelerated from the second quarter's 3.3 percent rate. The...

2005-10-28 08:32:35

By Glenn Somerville WASHINGTON (Reuters) - The U.S. economy shook off headwinds from hurricanes Katrina and Rita to grow at a faster-than-expected 3.8 percent annual rate in the third quarter, a Commerce Department report showed on Friday. Strong spending by consumers and by the government helped power the expansion forward as growth in gross domestic product -- the measure of all goods and services produced within U.S. borders -- accelerated from the second quarter's 3.3 percent...

2005-10-28 08:23:27

By Glenn Somerville WASHINGTON (Reuters) - The U.S. economy shook off headwinds from hurricanes Katrina and Rita to grow at a faster-than-expected 3.8 percent annual rate in the third quarter, a Commerce Department report showed on Friday. Strong spending by consumers and by the government helped power the expansion forward as growth in gross domestic product -- the measure of all goods and services produced within U.S. borders -- accelerated from the second quarter's 3.3 percent...

2005-10-28 08:10:41

By Glenn Somerville WASHINGTON (Reuters) - The U.S. economy shook off headwinds from hurricanes Katrina and Rita to grow at a faster-than-expected 3.8 percent annual rate in the third quarter, a Commerce Department report showed on Friday. Strong spending by consumers and by the government helped power the expansion forward as growth in gross domestic product -- the measure of all goods and services produced within U.S. borders -- accelerated from the second quarter's 3.3 percent...

2005-10-28 07:58:53

By Glenn Somerville WASHINGTON (Reuters) - The U.S. economy shook off headwinds from hurricanes Katrina and Rita to grow at a faster-than-expected 3.8 percent annual rate in the third quarter, a Commerce Department report showed on Friday. Strong spending by consumers and by the government helped power the expansion forward as growth in gross domestic product -- the measure of all goods and services produced within U.S. borders -- accelerated from the second quarter's 3.3 percent...

2005-10-14 09:33:53

WASHINGTON (Reuters) - President George W. Bush has confidence in the Federal Reserve's ability to address any U.S. inflation concerns in the wake of a report that consumer prices shot up unexpectedly last month, the White House said on Friday. Consumer prices rose an unexpectedly large 1.2 percent last month, the biggest gain in more than 25 years, as hurricanes Katrina and Rita led to the biggest energy-price surge on record, the Labor Department said. "The president has...

2005-09-21 11:23:53

WASHINGTON (Reuters) - The net wealth of American households rose in the second quarter of 2005 as real estate, pension and mutual fund assets gained value, the Federal Reserve said on Wednesday. In its quarterly "Flow of Funds" report, the central bank said household balance sheet values rose to $49.83 trillion in the quarter, up from a revised $48.89 trillion in the first quarter of the year. The 2005 first quarter net worth was originally reported at $48.79 trillion. The data is...

2005-09-21 11:08:24

WASHINGTON (Reuters) - The net wealth of American households rose in the second quarter of 2005 as real estate, pension and mutual fund assets gained value, the Federal Reserve said on Wednesday. In its quarterly "Flow of Funds" report, the central bank said household balance sheet values rose to $49.83 trillion in the quarter, up from a revised $48.89 trillion in the first quarter of the year. The 2005 first quarter net worth was originally reported at $48.79 trillion. The data is...

2005-08-05 15:39:18

By Tim Ahmann WASHINGTON (Reuters) - U.S. job growth picked up last month as employers added 207,000 workers to their payrolls, a healthy gain that led Wall Street to increase bets on more rate rises from the Federal Reserve. The Labor Department's July employment report on Friday showed the jobless rate steady at June's rate of 5 percent, the lowest since September 2001, and revised up the job count for May and June. "This is a crystal clear indication that the labor markets are very...

2005-08-05 08:09:44

By Tim Ahmann WASHINGTON (Reuters) - U.S. job growth picked up last month as employers added 207,000 workers to their payrolls, a healthy gain that outstripped Wall Street expectations, a government report showed on Friday. The unemployment rate held steady at the 2-3/4-year low of 5 percent reached in June, the Labor Department said. The payrolls gain, spurred on by service-sector hiring, was stronger than expected by economists who had looked for an increase of 183,000 with the jobless...


Word of the Day
bellycheer
  • Good cheer; viands.
  • To revel; to feast.
The word 'bellycheer' may come from 'belle cheer', "good cheer".
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