Initial jobless claims rose more than expected last week.
Claims increased to 26,000 to 436,000 in the week ending Nov. 27, The Department of Labor said. The revised average for the previous week was 410,000.
A survey of economist by Reuters foreca…
When it comes to predicting the U.S. economy, who has the best crystal ball? Lou Crandall, chief economist at economic advisory firm Wrightson ICAP, according to Bloomberg Markets magazine’s new list of top analysts released Th…
Manufacturing activity in the mid-Atlantic region unexpectedly surged in November. The Philly Fed’s Business Outlook Survey index jumped to 22.5 in November from 1 in October, its highest reading since December 2009.
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The Organization for Economic Cooperation and Development cut its economic growth outlook for 2011, forecasting a “softspot” as governments withdraw stimulus packages. It now expects a 4.2% growth rate, compared with a previous…
When QE2 is complete, the Fed’s bond purchases will have injected $1.7 trillion in liquidity into the markets since 2008 in an effort to boost corporate investment in new production and new jobs in the U.S. Instead, companies …