Private employers added 237,000 jobs in June, suggesting further improvement in the jobs market which may allow the Federal Reserve to raise interest rates.
Stocks finished rose Tuesday as investors held out hope for a deal to keep Greece in the euro, though major indexes ended lower for the month.
Solid job growth is finally boosting paychecks for the bottom 99% of Americans even as most still struggle to regain losses incurred by the Great Recession.
Consumer sentiment rose this month to the highest level since January, suggesting that spending will strengthen this year.
Consumer spending recorded its largest increase in nearly six years in May on strong demand for automobiles and other big-ticket items.
The U.S. economy contracted in the first three months of the year, just not as much as previously estimated.
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Consumer prices recorded their largest increase in more than two years in May as gas prices surged, suggesting a trend in lower prices had run its course.
Industrial production unexpectedly fell in May, likely as a strong dollar and energy spending cuts continued to weigh on manufacturing and mining output.
A rising stock market and climbing home prices boosted Americans' net worth to a new high in the first three months of the year.
Economic growth in the second quarter will be far weaker than previously expected and it will prevent the pace of growth from exceeding last year's rate.
Consumer borrowing surged again in April, helped by the largest gain in credit card borrowing in a year.
The number of Americans filing new claims for unemployment benefits fell last week, pointing to labor market resilience despite moderate economic growth.
U.S. companies stepped up hiring in May, evidence that employers remain confident in the economy even after it contracted at the start of the year.
The U.S. trade deficit narrowed in April as exports of services hit a record high and imports fell.
Consumer spending unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings.
U.S. stocks fell Friday as data showed the economy contracted in the first quarter, though major indexes still posted their best month since February.
The economy contracted in the first quarter as it buckled under the weight of heavy snowfalls and a resurgent dollar, but activity has rebounded modestly.
The number of Americans filing new claims for unemployment benefits rose last week, but remained at levels consistent with a strengthening labor market.
Stocks fell Tuesday, on concerns about Greece's finances and upbeat economic data that fueled expectations a rate hike could come sooner rather than later.
A gauge of business investment spending plans increased solidly in April, a hopeful sign for manufacturing activity after a long spell of weakness.
Consumer prices moderated in April on weak gasoline prices, but rising shelter and medical care costs boosted underlying inflation pressures.
U.S. home resales unexpectedly fell in April as tight inventories pushed prices higher, giving a cautious signal on the strength of the housing market.
Housing starts jumped to their highest level in over 7 years in April and permits soared, offering a bit of hope for an economy seeking to regain momentum.
The Dow and S&P set record highs Monday, helped by a rally in Apple and weak economic data suggesting the Federal Reserve may wait to raise interest rates.
U.S. stocks ended little changed Friday, with the S&P 500 closing at a record high for a second straight session after a ream of weak economic data.