EconomicGrowth

Good News on Hiring: U.S. Job Openings Rose in May

U.S. employers advertised more jobs in May than April, a hopeful sign after three months of weak hiring. Job openings rose to a seasonally adjusted 3.6 million -- the second-highest level in nearly four years -- the Labor Department said Tuesday.

The Global 500: No Borders, No Boundaries

Despite financial turmoil in Europe and disasters in Japan, the world's largest corporations had record profits and revenue in 2011. Where on Earth will the growth come from next?

Eurozone Unemployment Hits New Record High

Unemployment in the 17-country euro currency bloc hit another record high in May -- 11.1% -- as the crippling financial crisis pushed the continent toward the brink of recession, official figures showed Monday.

Consumers Spend More After Incomes Rise Again

Consumers earned a little more in January and spent most of the extra money. The modest gains should keep the economy growing slowly. But they disappointed economists, who were expecting bigger increases after two months of strong hiring. The Commerce Department said Thursday that consumer spending increased 0.2 percent in January.

Manufacturing Expands at Fastest Pace Since June

U.S. factories grew in January at the fastest pace in seven months, boosted by a rise in new orders. And builders ended a poor year for construction by spending more on homes and projects for the fifth straight month. The reports bolster other data showing the U.S. economy started the year strong.

Economy Grew Modest 2.8% in Q4, Best in 2011

The U.S. economy grew at a 2.8 percent annual rate in the final three months of last year, the fastest growth in 2011. Americans spent more on cars and trucks, and companies restocked their shelves at the strongest pace in nearly two years. But growth in the October-December quarter -- and all of last year -- was held back by the biggest annual government spending cuts in four decades.

Forecasters See Small Pickup in Growth for 2012

A new economic forecast calls for the U.S. economy to make some modest growth strides this year, but not quite enough to significantly reduce the number of jobless Americans looking for work.

Fed Survey Shows Economy Ended 2011 with Strength

The final weeks of 2011 were among the economy's strongest as Americans shopped and traveled more, ending the year with a shot of optimism for 2012. That's the bright picture the Federal Reserve sketched in a survey released Wednesday.

Economy Grew at 2 Percent Rate in Third Quarter

The U.S. economy grew a little slower over the summer than the government had earlier estimated because businesses cut back more sharply on restocking of shelves. The Commerce Department says the economy grew at an annual rate of 2 percent in the July-September quarter, lower than an initial 2.5 percent estimate made last month.