Lucia's Feed
Jan 26, 2015

U.S. firms raising wages; skills gap in goods producing sector: survey

WASHINGTON (Reuters) – A significant number of American companies plan to raise wages in the next three months, a survey showed on Monday, bolstering expectations of an acceleration in wage growth this year.

The National Association for Business Economics’ (NABE) latest quarterly business conditions survey found 51 percent of the 93 economists who participated said their firms expected to increase wages in the first quarter.

Jan 21, 2015

U.S. single-family housing starts highest since early 2008

WASHINGTON (Reuters) – Groundbreaking for U.S. single-family homes rose in December to the highest level in more than 6-1/2 years and permits surged, in a hopeful sign for the sluggish housing market recovery.

The Commerce Department said on Wednesday single-family housing starts, the largest part of the market, jumped 7.2 percent to a seasonally adjusted annual pace of 728,000-units – the highest level since March 2008.

Jan 16, 2015

U.S. consumer prices post biggest drop in six years

WASHINGTON (Reuters) – U.S. consumer prices recorded their biggest decline in six years in December and a gauge of underlying inflation held steady, which could bolster the case for delaying the first interest rate increase from the Federal Reserve.

The Labor Department said on Friday its Consumer Price Index fell 0.4 percent last month, the largest drop since December 2008, after sliding 0.3 percent in November. In the 12 months through December, CPI increased 0.8 percent.

Jan 15, 2015

June U.S. rate hike likely despite low inflation, say economists: poll

WASHINGTON (Reuters) – The Federal Reserve will raise U.S. interest rates in the second quarter as a strengthening economy trumps concerns about low inflation that has been driven down even further by a collapse in world oil prices, according to a Reuters poll.

Nearly two-thirds of the 82 economists in the poll, published on Thursday, said the U.S. central bank would increase its short-term interest rate to at least 0.25 percent by mid-2015. Most expected this to happen at the Fed’s June policy meeting rather than April.

Jan 15, 2015

U.S. producer prices post biggest drop in more than three years

WASHINGTON (Reuters) – U.S. producer prices in December recorded their biggest fall in more than three years on tumbling energy costs while underlying inflation pressures were muted, a cautionary note for the Federal Reserve as it ponders its next step on monetary policy.

Other data on Thursday showed the number of Americans filing claims for unemployment benefits increased to a four-month high last week. That, however, probably does not alter the improving jobs market landscape as the data is difficult to adjust for seasonal variations around this time of the year.

Jan 14, 2015

U.S. retail sales post largest decline in 11 months

WASHINGTON (Reuters) – U.S. retail sales recorded their largest decline in 11 months in December as demand fell almost across the board, which could temper expectations for a sharp acceleration in consumer spending in the fourth quarter.

The Commerce Department said on Wednesday retail sales fell 0.9 percent last month after a 0.4 percent increase in November.

Jan 13, 2015

U.S. small business confidence at eight-year high; job openings rise

WASHINGTON (Reuters) – U.S. small business optimism jumped in December to its highest level in more than eight years, the latest sign of strength in the economy even as dark clouds settle over global growth.

The outlook was further bolstered by other data on Tuesday showing job openings approached a 14-year high in November.

Jan 9, 2015

U.S. payrolls rise solidly, but weak wages steal limelight

WASHINGTON (Reuters) – U.S. job growth increased briskly in December, but wages unexpectedly fell in a sign the tightening labor market has yet to give much of a boost to workers.

Nonfarm payrolls increased 252,000 last month after an upwardly revised jump of 353,000 in November, the Labor Department said on Friday.

Jan 9, 2015

Sturdy U.S. employment gains eyed; jobless rate seen at 5.7 percent

WASHINGTON (Reuters) – U.S. job growth likely remained brisk in December, setting the economy up for a stronger pace of expansion this year, even as the global economy shows signs of buckling.

Employers probably added 240,000 jobs to their payrolls last month after November’s outsized 321,000 increase, according to a Reuters survey of economists.

Jan 8, 2015

U.S. jobless claims dip; 2014 layoffs lowest in 17 years

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week and job cuts declined for a second straight month in December, adding to signs of a strengthening labor market.

Initial claims for state unemployment benefits slipped by 4,000 to a seasonally adjusted 294,000 for the week ended Jan. 3, the Labor Department said on Thursday.