About - useconomy.about.com - About.com US Economy
General Information:
Latest News:
Auto Purchases Boost May Retail Sales 13 Jun 2013 | 07:30 pm
May retail sales rose .6% to $421.1 billion. This followed a .1% increase in April, and a .4% decline in March. The greatest contribution came from auto sales, which rose 1.9%. Other growth areas incl...
Consumers Shun Credit Cards in Favor of Loans 13 Jun 2013 | 06:22 pm
In April, consumers only added another $100 million in credit card debt. This sounds like a lot, until you realize it's just a 1% increase to the $849.1 billion they already owed. Even that's much, mu...
May Jobs Report Means Slow, Steady Growth 7 Jun 2013 | 02:23 pm
In May, 175,000 jobs were added, more than the 150,000 minimum required for healthy economic growth . The unemployment rate rose slightly to 7.6%, a sign that more people were encouraged enough to ret...
Is the Economy Really on the Mend? 4 Jun 2013 | 04:00 pm
A reader asks: ...I must take you up on a point where you are stressing that the US economy is on the mend with housing and Wall Street up. First, the housing market is up mainly due to the Chinese...
Gold, "The Ultimate Bubble," Has Burst 3 Jun 2013 | 08:11 pm
As the stock market hits record highs, gold prices continue to fall. A review of gold prices throughout history show that this trend will probably continue. Was commodities trader George Soros right w...
First Quarter Economic Growth Revised Only Slightly 30 May 2013 | 07:57 pm
Fortunately, the Bureau of Economic Analysis barely revised its estimate of the GDP growth rate for Q1 2013. The economy grew 2.4%, instead of the Advance Estimate of 2.5%, from January through March...
Durable Goods Up 3.3% in April 26 May 2013 | 08:01 pm
Manufacturers' orders for durable goods rose in April to $222.6 billion, a healthy 3.3% increase. This was great news after the 5.9% drop in March. The boost in business orders for large, expensive an...
Prices Dropped .4% in April 20 May 2013 | 01:52 pm
Across the board, U.S. prices fell .4% in April, as measured by the Consumer Price Index . An 8.1% drop in gas prices offset mild price increases in most other goods and services. Used cars and trucks...
Shoppers Celebrate Spring, Boosting April Sales .1% 14 May 2013 | 12:29 pm
Retail sales rose .1% in April, to $419 billion, after a .4% decline in March. Increases in spring-inspired categories, such as clothing (up 1.2%), gardening (up 1.5%) and sporting goods (up .5%) offs...
Economic Shocks Are Inevitable, Says Bernanke 10 May 2013 | 03:49 pm
In a speech to the banking community this morning, Federal Reserve Chairman Ben Bernanke warned that economic shocks are an inevitable consequence of a free-market economy . That's because investors w...
