February 2010
Economy expanded 5.7 percent in 4Q, the fastest in past 6 years
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Economy expanded 5.7 percent in 4Q, the fastest in...
U.S. broadest measure of economic activity, gross domestic product,
expanded at an annual rate of 5.7 percent in the fourth quarter, after
a 2.2 percent increase the previous quarter. The growth rate was the
fastest since the third quarter of 2003, when the economy grew at a
rate of 6.9 percent.
Even though the fourth-quarter surge, the economy finished 2009 with
its biggest contraction...
January 2010
Meager rise in December, U.S. inflation under control
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Meager rise in December, U.S. inflation under...
Inflation appears to be largely in check even as interest rates in the
United States remain near zero and the government pumps billions into
the economy. The consumer price index (CPI), a broad gauge of
inflation, increased 0.1 percent in December, down from a 0.4 percent
advance in November. This is the lowest rate since July.
The core CPI, which excludes food and energy costs, also rose...
U.S. stocks ended first trading week of 2010...
U.S. stocks finished the first trading week of the year on a high
note, with the major indexes all turning higher late in Friday’s
session. A disappointing employment report had weighed on stocks
throughout the Friday.
The Dow Jones Industrial Average rose to 10,618.19, giving it a weekly
rise of 1.8 percent, while the S&P 500 climbed to 1,144.98, up 2.7
percent for the week. The...
U.S. Job Losses in December temper optimism for a swift recovery
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U.S. Job Losses in December temper optimism for a...
U.S. economy shed 85,000 jobs in December and the unemployment rate
held steady at 10 percent, tempering hopes for a swift and sustained
recovery from the Great Recession.
The monthly figures from the Labor Department included a revision for
November that showed a gain of 4,000 jobs, in contrast to initial
reports showing a loss of 11,000 jobs. That was the first monthly
improvement since...