By Orlando Lee Rodriguez Sales of existing U.S. homes continue to rise, leaving supply levels at their lowest since March 2005. But foreclosed properties and short sales continue to make up a significant portion of the total, causing uneven growth and not helping depressed housing prices. Lower prices are continued good news for bargain hunters …
By Anika Anand, New York City News Service Inflation slightly increased in January, mainly due to rising gasoline prices, the Labor Department reported Friday. Gas prices increased in January and the average price for a gallon of gas in the U.S. rose almost 12 cents in the past three weeks to about $3.51, according to the …
By Mariya Pylayev Despite widespread pessimism concerning a modest rise in January retail sales, the figures were not as disappointing as some skeptics made them out to be. Overall retail sales rose by 0.4 percent in January, half the forecast, marking the fourth consecutive month of slow growth, the Commerce Department said Thursday. It was …
Initial jobless claims have fallen to pre-financial meltdown levels. Economists say the return to 2008 jobless claim numbers signals a return to a stronger job market. The substantial drop in claims trails a positive jobs report in month of January, which has sparked cautious optimism among economists that the recovery is gathering steam. Claims dropped by 13,000 …
By Tom DiChristopher The U.S. trade deficit grew more than economists expected in December, as economic growth contributed to the highest import bill since July 2008. A Bloomberg survey of 75 economists had estimated the trade deficit would increase to $48.1 billion from $47.1 billion last month. The trade deficit hit $48.8 billion, according to …
