Economy, Good News | featured news

The number of newly laid-off Americans filing jobless claims fell more than expected last week and retail sales grew in May for the first time in three months, fresh evidence that the worst of the recession may have past.

That's the American Recovery and Reinvestment Act. Current economic indicators suggest that our economic crisis will hit bottom soon and that the U.S. will be poised for economic recovery. There are many signs pointing to an economy that shows significant signs of improvement.

The economy’s decline in the quarter was not quite as bad as the government originally believed, kindling hope that the economy could resume growing by the end of 2009.

The economy lost 539,000 jobs in April, the government reported on Friday, a sign that the relentless pace of job losses was starting to level off.

Weak consumer spending continued in April, but some retailers posted sales gains, or slighter declines than in the past.

The pace of private-sector U.S. job losses slowed dramatically last month, while future planned layoffs also declined, and the hard-hit housing sector showed signs of improvement last week.

If the financial system does not relapse, the economy will return to growth this year, Fed chairman says.

Stocks climbed as companies continued to report stronger-than-forecast results, though new data offered mixed signals on an economic recovery.

The sense of "unremitting freefall" in the U.S. economy has ended and the picture is no longer completely negative, but rather mixed, President Barack Obama's economic adviser Lawrence Summers said on Sunday.

New orders for long-lasting U.S. made goods rose in February for the first time in seven months and new home sales rebounded, government reports showed on Wednesday, suggesting the economic downturn might be easing a bit.