Topic: Naroff Economic Advisors Inc.

US services sector growth eases

Growth of the key US services sector fell to its lowest level in eight months in August amid a weakening economic recovery, a survey report said...
Worker productivity dropped this spring for the first time in more than a year, a sign that companies may need to step up hiring if they hope to...

US manufacturing grows at fastest pace in six years

The US manufacturing sector grew at the fastest pace in six years, expanding in April for the ninth consecutive month, an industry survey said Monday.The Institute for Supply Management said its monthly survey of managers showed a manufacturing recovery t
The US economy lost 85,000 jobs in December while the unemployment rate held at 10.0 percent, the government said Friday in a report highlighting a slow and painful recovery from recession.The Labor Department report on nonfarm payrolls was a ...
US industrial production rose a sharp 0.8 percent in November, Federal Reserve data showed Tuesday, offering more evidence of a recovery led by the manufacturing sector.The report showed output at US factories, mines and utilities was lifted by a 1 ...

Just in time for holidays, US retail sales sparkle

US retail spending leapt 1.3 percent in November, according to official data Friday that showed a brighter outlook for the troubled American consumer going into the critical holiday shopping period.The Commerce Department report on retail sales, seen as a

US retail sales leap, in time for holidays

US retail spending jumped 1.3 percent in November, according to government data Friday that offered fresh optimism for the troubled American consumer going into the critical holiday shopping period.The Commerce Department report on retail sales, seen as a

US consumer spending falls along with income

US consumer spending dropped 0.2 percent in March after two monthly increases, as American income levels fell, government data showed Thursday.The Commerce Department said personal consumption expenditures, a main driver of economic activity, reversed cou