Economic growth should accelerate in the second quarter and remain healthy for the rest of the year, the National Association of Business Economists says.
Employers maintained a solid pace of hiring in May, returning employment to pre-recession levels and suggesting the economy has shaken off its winter slump.
U.S. service firms grew more quickly last month as production, hiring and new orders increased, adding to signs that the economy is accelerating.
The U.S. trade deficit widened to its highest level in two years in April as imports hit a record high, suggesting trade could be a drag on growth.
Investors shook off a dismal first-quarter economic report and pushed stocks higher Thursday, giving the S&P 500 index another record finish.
The U.S. economy contracted in the first quarter for the first time in three years as it buckled under the weight of a severe winter.
The FTC wants Congress to pass a bill requiring data mining companies to reveal more information about themselves and improve consumer access to the data.
A monthly gauge of U.S. consumer sentiment fell in May as a gloomy view on income growth clouded an otherwise positive economic outlook.
Producer prices posted their largest increase in 18 months years in April as the cost of food and trade services surged.
Small-business sentiment jumped to its highest level in 6-1/2 years in April, bolstering hopes of increased economic activity in the second quarter.
Small-business owners are keeping a cautious approach to running their companies even as they grow more optimistic, surveys show.
Worker productivity fell at its fastest pace in a year in the first quarter as severe weather took its toll.
The U.S. trade deficit narrowed in March as exports rebounded, but the improvement probably wasn't enough to help first-quarter growth.
Consumer spending recorded its largest increase in more than 4 years in March, cementing views the economy ended a dismal first-quarter on solid footing.
The U.S. economy barely grew in the first quarter as exports tumbled and businesses accumulated stocks at the slowest pace in nearly a year.
U.S. consumer sentiment rose in April to a nine-month high as views on current and near-term conditions surged, a survey released Friday showed.
Orders for long-lasting U.S. manufactured goods rose more than expected in March and a measure of business capital spending plans surged.
Rising costs for materials and labor appear to be pressuring businesses, a quarterly survey from the National Association of Business Economics shows.
U.S. import prices rose more than expected in March as food prices recorded their largest increase in three years.
Wholesale inventories rose at a slower pace in February, which could support views that restocking won't help the economy in the first quarter.
New orders for U.S. factory goods rebounded more than expected in February, with shipments posting their biggest gain in seven months.