Content Tagged 'economy'

US wage growth falls to record-slow pace in 2nd quarter
U.S. wages and benefits grew in the spring at the slowest pace in 33 years, stark evidence that stronger hiring hasn't boosted pay. The slowdown also reflects a sharp drop-off in bonus and incentive pay.
Average US rate on 30-year mortgage falls to 3.98 percent
Average long-term U.S. mortgage rates fell for a second straight week, with the key 30-year rate slipping below 4 percent.
Fed holds steady on rates, seeks further economic gains
The Federal Reserve appears on track to raise interest rates later this year but is signaling that it wants to see further economic gains and higher inflation before doing so.
US economy posts solid 2.3 percent growth rate in Q2
After a harsh winter, the U.S. economy posted a solid rebound in the April-June quarter, led by a surge in consumer spending and a recovery in foreign trade.
Stocks open lower in US after some weaker company results
Stocks declined in early trading Thursday, following disappointing results from several big companies including Procter & Gamble and Facebook. A positive report on U.S. economic growth did little to help the market.
Applications for US jobless aid rise to still-low 267,000
More people sought U.S. unemployment benefits last week, though the increase was from a very low level and the figures still point to a healthy job market.
Average US rate on 30-year mortgage falls to 4.04 percent
Average long-term U.S. mortgage rates fell this week, retreating from highs for the year and amplifying the incentive for prospective home buyers.
Nissan's quarterly profit up on cheap yen, US sales growth
Nissan's April-June profit jumped 36 percent as the Japanese automaker benefited from a cheap yen and better sales in the U.S. and Europe.
Higher minimum-wage proposals gain ground on both coasts
The push for a higher minimum wage gained momentum on both sides of the country, with New York embracing an eventual $15 an hour for the state's 200,000 fast-food workers and the huge University of California system announcing the same raise for its employees.
US pending home sales slip in June
The number of signed contracts to buy homes fell in June, as limited supplies of homes on the market are holding back possible sales growth.
Car Part Supplier Announces 325 Jobs to Chattanooga
Yanfeng Automotive Industries will begin building interior car parts for Volkswagen at a Chattanooga factory. Video Video
IMF's Lagarde: World economy fragile, faces downside risks
International Monetary Fund chief Christine Lagarde says the world economy is recovering but fragile and "faces some downside risks."
Yellen: First Fed rate hike likely later this year
Federal Reserve Chair Janet Yellen sees a number of encouraging signs that the economy is reviving after a brutal winter and says if the improvements continue, the Fed will likely start raising interest rates later this year.
Applications for US unemployment aid plummet to 42-year low
The number of people seeking U.S. unemployment aid plunged last week to the lowest level in nearly 42 years, evidence of a strong job market. Yet the drop also reflects seasonal volatility in the data.
Chattanooga's T.J. Gentle Meets with Obama
Chattanooga CEO speaks to Obama on behalf of small businesses during the shutdown. Video Video
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