Posts Tagged ‘US economy’
US Economy Grows Faster than Expected
Saturday, January 28, 2012 8:09 No CommentsThe pace of economic growth in the U.S. increased in the last three months of 2011, according to official figures. The economy grew at an annual rate of 2.8%, the Commerce Department said.
This was supported by the annual rate of 1.8% the previous quarter, although it was predicted slightly lower than the 3% rate of [...]
US Economy Boost 200,000 jobs in December
Thursday, January 5, 2012 5:05 No CommentsThe U.S. economy created 200,000 jobs in December for the sixth consecutive month of gains, official figures show. The rise was much more than expected. Analysts had forecast a rise of about 150,000 jobs.
The unemployment rate fell to 8.5%, its lowest level in almost three years, from a revised 8.7% in November, said the [...]
US Economy Beginning to Stabilise
Monday, July 27, 2009 20:06 No CommentsThe federal Reserve ehairman, Bernanke, is seeing “tentative signs of stabilisation” in the US economy.
The claim came as be promised that the central bank is poised to tighten monetary policy to combat inflation when the time comes. Mr Bernanke, delivering his semi-annual economic testimony on Capitol Hill warned, however, that persistently high unemployment rates could [...]
US Economy Shrinks
Friday, May 1, 2009 12:33 No CommentsThe world’s biggest economy—US economy, has suffered the worst slump ever since Dwight D. Eisenhower was president and Elvis was doing his national service. Following a 6.3% fall in the final three quater of 2008, the economy shrank a worse-than-expected 6.1% in the first three months of the year.
Figures came as reports emerged that at [...]
US Narrowly Escape Deflation
Monday, February 23, 2009 8:45 No CommentsThe annual inflation rate of US disappeared last month for the first time in more than 50 years. However, the rise in consumer prices, which was pushed up by a rise of 6% in petrol costs, has saved the nation from deflation, which is when falling prices force the economy to shrink as consumers cut [...]
US Economy Shrinks at Great Rate
Friday, January 30, 2009 10:14 No CommentsAmericans have stopped spending on everything but key items like food and petrol.
Between October and December, consumer spending, which measures how much Americans purchase of things ranging from household goods to services, dropped by an annual rate of 3.5%. As a result, in the final quarter of 2008, the world’s biggest economy—the economy of US [...]
