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Consumers unexpectedly backed off on personal spending in July by just a bit, while income moved slightly higher, according to a new U.S. Commerce Department report, raising concerns that wages are not keeping up with household needs.
Read More →The 0.1% drop in personal consumption expenditures follows an upwardly revised 1% increase during March, which was the largest gain since August 2009 and is the first decline in a year.
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UPDATED -- A new report shows consumer prices rising for the sixth straight month, with the Consumer Price Index increasing 0.3% in April from the month before, the biggest gain in 10 months.
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UPDATED -- A new report shows U.S. consumer spending in March took its biggest leap forward since August 2009.
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Private sector employment in the U.S. increased by 191,000 jobs from February to March, according to the March ADP National Employment Report released Wednesday.
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New figures show biggest driver of the U.S. economy increased last month while the overall economy grew more than estimated a month ago.
Read More →UPDATED -- Consumers opened their wallets a little more in January than they did in December, according to new figures from the U.S. Commerce Department.
Read More →The estimated level of U.S. economic growth in the fourth quarter of last year was revised sharply downward by the Commerce Department on Friday.
Read More →Consumer spending in the U.S. posted modest gains in December and all of last year, according to new Commerce Department figures.
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The final week of 2013 provided some encouraging economic numbers including about holiday sales.
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