Economy Weekly
On Friday, the Commerce Department announced that the economy grew at two percent during the third quarter.
The Trouble Asset Relief Program provided taxpayers with a higher return than other investments, such as 30-year Treasury bonds.
A USA Today editorial argues that the Trouble Asset Relief Program and the Recovery Act should be judged as successes.
Commerce Department figures released on Thursday revealed that the U.S. economy grew at 1.7 percent in the second quarter.
The Commerce Department announced on Tuesday that residential construction rose 10.5% in August.
According to the Department of Labor, jobless claims are at a two month low.
The U.S. trade deficit narrowed by 14 percent as exports rose in July, which lifts economic growth.
Today, the Department of Labor reported that the private sector added 67,000 jobs in August – the eighth straight month of private sector growth – and job figures for June and July were upwardly revised.
On Tuesday, the Congressional Budget Office announced that the Recovery Act raised economic growth by as much as 4.5 percent in the last quarter and may have saved as many as 3.3 million jobs.
General Motors filed for Initial Public Offering on Wednesday, “highlighting a remarkable turnaround for the corporate giant a year after its bankruptcy and setting the stage for Washington to withdraw from its majority ownership stake in the automaker.”
After declining 0.3 percent in June and 1 percent in May, retail sales increased in July.
The Department of Labor reported that the private sector added 71,000 jobs in July—the seventh month in a row in which private sector employment grew.
According to the Department of Commerce, new home sales surged in June.
The Treasury Department reported that businesses have hired 4.5 million workers under a new program enacted as part of the HIRE Act, that provides tax breaks for hiring unemployed workers.
Today, the Labor Department reported that the private sector created 83,000 jobs in June and the unemployment rate dropped from 9.7% in May to 9.5% in June, the lowest level since July 2009.
The Labor Department reported that the “number of people filing new claims for unemployment insurance fell last week and large-scale layoffs for May hit the lowest level since the earliest days of the recession [April 2008],” both encouraging signs of our economic recovery.
This week, top economists predicted that the economy will continue to recover in the next two years.
The Department of Labor reported that the number of laid-off workers continuing to claim jobless benefits fell by the largest amount since December 2008,
Today, the Department of Labor released the unemployment report for May showing that the policies adopted by President Obama and the Democratic Congress continue to have the intended effect of creating jobs and growing the economy.
In positive news for the economy, new-home sales climbed 14.8% in April, the second month in a row that demand exceeded expectations.
In positive news for the economy, economic experts announced that we can expect to see the economy grow and the unemployment rate drop in the next year.
The Department of Labor reported that new claims for jobless benefits declined last week, another indication that the U.S. jobs market continues to show signs of improvement.
Today, the Department of Labor reported that the economy added 290,000 jobs, the fourth straight month of growth and largest gain in four years.
Today, the Department of Commerce reported that the economy (GDP) grew 3.2% in the first quarter of 2010, the third straight quarter of growth.
According to today’s report from the Department of Labor, the U.S. economy added 162,000 jobs, the largest one-month gain in 3 years.
