US retail sales unexpectedly rise, but inflation hampering spending

Retail sales increased 0.3% in August July data revised down to show sales falling 0.4% Core retail sales unchanged; July sales revised lower Weekly jobless claims fell 5,000 to 213,000 Manufacturing production edges up 0.1% in August WASHINGTON, Sept 15 (Reuters) – US retail sales unexpectedly rebounded in August as Americans ramped up purchases of … Read more

US housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – US homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the … Read more

US economy flexes muscle with jobless benefit rolls at 52-year low; factories humming

Weekly jobless claims fall 15,000 to 214,000 Continuing claims drop 71,000 to 1,419 million Housing starts increase 6.8% in February Manufacturing production jumps 1.2% in February WASHINGTON, March 17 (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week as demand for labor remained strong, positioning the economy for another … Read more