Consumers are the most confident about their job prospects in nearly 2 decades
Data released by The Conference Board shows 47.2% of consumers polled in May thought jobs are “plentiful.”
Pennsylvania, Vermont and Wisconsin just set new lows for unemployment
At a time when the national unemployment rate is at its lowest in nearly half a century, three states have set all-time records.
US consumer sentiment surges to highest level in 15 years
Consumer sentiment rocketed to its highest level in 15 years in early May as Americans grew more upbeat on the health of the economy and its path in 2019, according to data released Friday
No easy options for China as trade war, U.S. pressure bite
China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China’s state-led economic model.
US business inventories unchanged in March as sales surge
U.S. business inventories were unchanged in March as sales increased by the most in more than two years, which could ease concerns of a broad build-up in inventories in the economy.
Stronger home sales boost builder confidence in May
The nation’s homebuilders are reporting a rebound in sales, and that’s making them more optimistic about the housing market.
Tame U.S. inflation seen keeping Fed on the sidelines
U.S. consumer prices rose moderately in April and underlying inflation remained muted, supporting the Federal Reserve’s projection of no further interest rates increases this year.
U.S. job openings surge, point to tightening labor market
U.S. job openings rebounded sharply in March, while the pace of hiring was little changed, pointing to a growing worker shortage that could slow employment growth this year.
Navy strike group deployed to send ‘message’ to Iran
The U.S. military is deploying the USS Abraham Lincoln Carrier Strike Group and a bomber task force to the Central Command region in the Middle East to send a “clear and unmistakable message” to Iran, national security adviser John Bolton said in a statement Sunday.
Trump, citing slow pace of talks, revives threat to put tariff on all Chinese goods
President Donald Trump on Sunday revived a threat to impose a 25 percent tariff on essentially all Chinese goods in order to prod Beijing into moving more quickly to reach a trade deal.