Correspondent, Washington
Jason's Feed
Nov 14, 2014

U.S. data points to strong spending ahead of holiday shopping frenzy

WASHINGTON (Reuters) – U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace.

Other data on Friday showed consumer sentiment rising to a seven-year high this month, also positive for the spending outlook as the country nears its traditional period of frenzied holiday shopping.

Nov 14, 2014

Retail sales point to more spending zeal by U.S. consumers

WASHINGTON (Reuters) – U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace.

U.S. retail sales rose a higher-than-expected 0.5 percent last month when stripping out volatile elements like gasoline, autos, building materials and food services, according to the Commerce Department data released on Friday.

Nov 13, 2014

U.S. jobless claims rise but still close to 14-year low

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose more than expected last week, yet it remained near a 14-year low in a reminder that the labor market appears to be moving toward full health.

Initial claims for state unemployment benefits rose 12,000 to 290,000 for the week ended Nov. 8, the Labor Department said on Thursday.

Nov 5, 2014

U.S. economy probably wasn’t main culprit in Democrat losses

WASHINGTON, Nov 5 (Reuters) – America’s underperforming
economy has been an albatross for President Barack Obama since
he took office in 2009 and likely did his Democratic party few
favors in midterm elections on Tuesday – but it may not have
been the decisive factor.

Hurt by Obama’s general unpopularity, Democrats lost control
of the Senate while Republicans strengthened their hold over the
House of Representatives. The economy may well
have become less of an problem than Obama’s performance in
addressing a broad range of issues.

Nov 5, 2014

U.S. economy’s performance probably wasn’t the main culprit in Democrat losses

WASHINGTON, Nov 5 (Reuters) – - America’s underperforming economy has been an albatross for President Barack Obama since he took office in 2009 and likely did his Democratic party few favors in midterm elections on Tuesday – but it may not have been the decisive factor.

Hurt by Obama’s general unpopularity, Democrats lost control of the Senate while Republicans strengthened their hold over the House of Representatives. The economy may well have become less of an problem than Obama’s performance in addressing a broad range of issues.

Nov 3, 2014
Nov 3, 2014

US student debt burden falling more on top earners, easing bubble fears

WASHINGTON, Nov 3 (Reuters) – Young Americans with big
college debts are often portrayed as struggling to pay their
bills. The reality is somewhat different – those owing
super-sized student loans tend to be higher paid.

A Reuters analysis of Federal Reserve data shows that over
the past two decades the young with higher incomes have gone
from owing less of the debt than the average household to owing
considerably more.

Oct 31, 2014

Fired-up Republicans have edge in midterm turnout war

WASHINGTON (Reuters) – A daunting reality looms for President Barack Obama’s Democrats ahead of U.S. congressional elections on Tuesday: Voters from the Republican Party are much more fired up.

Reuters/Ipsos polling data shows Republicans are more certain they will vote, and see their ballot as a way to voice disapproval of Obama’s handling of the Ebola outbreak and his health insurance reform law.

Oct 17, 2014

U.S. housing recovery rolls on as groundbreaking rises

WASHINGTON (Reuters) – U.S. housing starts and permits rose in September, a signal the market’s modest recovery is supporting what appears to be growing strength in the broader economy.

Groundbreaking rose 6.3 percent to an annual 1.02 million-unit pace, the Commerce Department said on Friday.

Oct 16, 2014

Data show U.S. economic pulse still strong

WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits fell to a 14-year low last week, while industrial output rose sharply in September, positive signals that could help ease fears over the economic outlook.

Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 264,000, the lowest level since 2000, the Labor Department said on Thursday.