Tags » Commerce Department

U.S. second quarter economic "growth" revised downward -- Gross domestic product expanded at a 1.1 percent annual rate

By Reuters
August 26, 2016

WASHINGTON, (Reuters) – U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending. 553 more words

US New-Home Sales Rise To Best Level Since Late 2007

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WASHINGTON (AP) – Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, as low mortgage rates and a steady job market are fueling a real estate surge. 105 more words


Illinois peeps, check out - U.S. Economy Grew at 1.2% Rate in Second Quarter

The disappointing estimate came despite strong consumer spending and was only a slight improvement on the first quarter’s growth rate.. via NYT Business Day http://ift.tt/2atIj9L


(What's Left of) Our Economy: Which States are the Biggest Economic Growth Winners and Losers?

Last Friday, I reported that the government’s new figures on state-by-state economic growth came out, and focused on what they told us about how manufacturing’s been faring. 654 more words

{What's Left Of) Our Economy

5 Things to Know About How the Feds See the 'Sharing' Economy

Unless you’ve been living under a rock, you’ve heard about how startups like Uber and Airbnb are using technology and a new labor model to upend traditional industries like hotels and taxi companies. 762 more words