The U.S. economy marked its slowest growth in nearly a year, the Bureau of Economic Analysis reported Thursday.
Tag: Wells Fargo Economics
Consumer Confidence at 6-Month Low
The Conference Board, New York, said its Consumer Confidence Index fell to its lowest level since last November.
With Homeowners Sitting, Buyers Turn to New Homes
March new home sales jumped by nearly 10 percent from February, HUD and the Census Bureau reported Tuesday, as home buyers turned away from existing home sales.
March Existing Home Sales Down 2.4%
Existing home sales edged lower in March, marking a muted start to the spring housing market, the National Association of Realtors reported Thursday.
March Housing Starts Down 1%; Single-Family Starts, Permits, Completions Up
Housing starts fell by 0.8 percent in March, the Census Bureau and HUD reported Tuesday, although single-family starts, permits and completions all rose amid growing home builder sentiment.
Inflation Slows to 5% as Energy Prices Tumble
The Consumer Price Index continued its slowing trend in March, rising by just 0.1 percent from February and by 5 percent from a year ago, the Bureau of Labor Statistics reported Wednesday.
Employment Show Signs of Slowing
Total nonfarm payroll employment rose by 236,000 in March, the Bureau of Labor Statistics reported Friday—the smallest increase in more than two years, but enough to push the unemployment rate down to 3.5 percent.
JOLTS: Job Openings Fall in February
U.S. job openings fell to 9.9 million in February, the Bureau of Labor Statistics reported Tuesday in its Job Openings and Labor Turnover Summary (JOLTS) report.
Final Estimate of 4Q GDP Sees 2.6% Growth
Real gross domestic product increased at an annual rate of 2.6 percent in the fourth quarter, according to the third (final) estimate Thursday by the Bureau of Economic Analysis.
March Consumer Confidence Up Despite…Everything
Despite an interesting few weeks that have seen several bank failures, persistent inflation, a stunted housing market and prospects of higher unemployment, consumers apparently felt unfazed, according to The Conference Board, New York.