Increasing employment and consumer spending: the US economy is recovering rapidly
A Commerce Department report on Thursday October 1 showed that consumer spending rose 1,0% in August after rising 1,5% in July, CNBC reported. Economists predicted that consumer spending, which accounts for more than two-thirds of US economic activity, would rise ...
Unemployment growth in the US fell to a 15-year low
The number of citizens who applied for unemployment benefits last week was the smallest in 15 years. The difference was striking, even considering that the data may have been incomplete due to the holidays. According to Bloomberg, in the week that ended 24 ...