Leading Economic Indicators
NEW YORK | Encouraging news about the U.S. economy extended the stock market's rally Friday.
Trader Kevin Lodewick works on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)
Serena Williams celebrates with the trophy after defeating Agnieszka Radwanska to win the women's final match Saturday at the All England Lawn Tennis Championships at Wimbledon, England.
NEW YORK | Job growth in the United States is slowing. Sales at stores have stopped growing. The economies of India, Brazil and China are cooling. Europe is crippled by government debt and bad bank loans.
The stock market just had its best first quarter in 14 years. The surge has sent Wall Street analysts, some of whose forecasts seemed too sunny three months ago, scrambling to raise their estimates for the year.
It's the latest display of the breadth and strength of the economic recovery. The country has put together the most impressive three months of job growth since before the Great Recession.
Big, round numbers are hard to ignore. That's why we pay attention when the odometer clicks over to 100,000 miles, and why the world threw a party at the dawn of 2000 instead of the technical start of the millennium in 2001.
The Phantom of Las Vegas is singing his final opera.
The long-suffering job market is ending the year better off than it began. The number of people applying for unemployment benefits each week has dropped by 10 percent since January.
KOKOMO | In a quiet park on the eastern edge of this auto manufacturing town, a gleaming ring of black granite walls and monuments stands in solemn tribute to the war dead. Hundreds of names are etched in stone, many of them long forgotten to history.
In the latest sign that the economy is surging at year's end, unemployment claims have dropped to the lowest level since April 2008, long before anyone realized that the nation was in a recession.
Europe's fiscal pact may save the euro from collapse and stave off worldwide financial panic. But the concerns of many investors are more personal: Will it lift my flagging 401(k)?
Stock futures fell early Monday amid reports that a key congressional committee will fail to reach an agreement this week on how to cut the U.S. government's budget deficit.
The U.S. economy will muddle through the next year without a recession, but growth-predicted to be 2.4 percent-will be too weak to make much of a dent in the unemployment rate, forecasters believe.
Like the sequel of a blockbuster horror movie, the debt ceiling may strike again: A gridlocked bipartisan congressional committee must find a way to agree on a deficit reduction plan by Nov. 23rd.
2011 was shaping up to be a washout for the stock market just two weeks ago. Now, it's within shouting distance of its biggest comeback in nearly three decades.
Are investors overreacting to the prospect of a recession? The slightly better jobs report on Friday notwithstanding, the odds of a recession appear to be climbing, and that's bringing back scary memories.
WASHINGTON | Defiant and frustrated, President Barack Obama aggressively challenged Republicans Thursday to get behind his jobs plan or explain why not, declaring that if Congress fails to act "the American people will run them out of town."
Employers stopped adding jobs in August, an alarming setback for an economy at risk of another recession. The government also reported that the unemployment rate remained at 9.1 percent. It was the weakest jobs report since September 2010.
Consumers spent more on cars, furniture, electronics and other goods in July, and more in May and June than previously thought. If it keeps up, the economy might rebound after growing in the first half of 2011.
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