Economy, Good News | featured news

The US Federal Reserve's latest report on the economy says activity has picked up slightly in the past two months.

Job openings in the U.S. rose in November to the highest level in five months as companies looked past congressional wrangling over a package of tax increases and government budget cuts set to take effect this month. The number of positions waiting to be filled climbed by 11,000 to 3.68 million from a revised 3.67 million in October, the Labor Department said today in Washington. Hiring was little changed and firings eased.

Americans kept health care spending in check for three years in a row, the government reported Monday, an unusual respite that could linger if the economy stays soft or fade like a mirage if job growth comes roaring back.

A housing renaissance has begun. This may be hard to believe after the dizzying, six-year-long crash in home sales, construction and house prices. But housing turned the corner last year, and it will take off in 2013.

Private-sector employers shrugged off a looming budget crisis and stepped up hiring in December, offering further evidence of underlying strength in the economy as 2012 ended.

A last-minute surge in spending helped many major retailers report better-than-expected sales in December, a relief for stores that make up to 40 percent of annual revenue during the holiday period.

The U.S. economy grew at an annual rate of 3.1 percent over the summer as consumers spent more and state and local governments added to growth for the first time in nearly three years.

U.S. manufacturing grew at its swiftest pace in eight months in December, buoyed by increases in domestic and overseas demand, an industry survey showed on Friday.

U.S. consumer prices fell in November for the first time in six months, pointing to muted inflation pressures that should allow the Federal Reserve to stay on its ultra-easy monetary policy path as it nurses the economy back to health.

U.S. states are coming close to the end of a three-year trek back to the financial prosperity they enjoyed before the recession, according to a survey released on Friday that found the recovery is slow and uneven.