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Consumer spending rebounds

Consumer spending rebounds

Data, coupled with new information on jobless claims, provides a bit of hope for the economy.

 

Jobless claims hit lowest level in more than a year

Jobless claims hit lowest level in more than a year

The number of newly laid-off workers filing claims for unemployment benefits fell more than expected last week to the lowest level in over a year.

 

OECD Forecasts Global Growth

As global trade recovers, expect a return to pre-crisis current account dynamics.

 

US retail sales rise 1.4% in October

US retail sales rebounded in October as demand for cars continued to climb even after the expiration of government sponsored incentives.

 

Euro Zone Pulls Out Of Recession

The euro region finally sees some modest growth, as Spain and Ireland straggle behind.

 

Retailers Report Healthy Sales Increases

Retailers Report Healthy Sales Increases

The nation’s stores posted a second consecutive month of sales increases, marking the retailing industry’s best performance in over a year.

 

Productivity at 6-year high, jobless claims fall

U.S. business productivity in the third quarter grew at the fastest pace in six years and new claims for jobless aid fell to a 10-month low last week, indicating the decline in labor market may be hitting bottom.

 

Toyota Returns to Profit

Toyota Returns to Profit

The largest carmaker attributed its unexpected profit to government measures around the world designed to boost sales of environmentally friendly cars and other vehicles.

 

Factory orders rise 0.9 percent in September

Factory orders rise 0.9 percent in September

Orders to U.S. factories rebounded in September, helped by strength in autos, heavy machinery and military aircraft....

 

Pending home sales reach 3-year high

Signed contracts to buy previously occupied U.S. homes rose for the eighth straight month in September as buyers scrambled to take advantage of a tax credit for first-time buyers.

 

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