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Shobhana Chandra

U.S. HOME SALES GROWTH is limited by an acute shortage of inventory, which is pushing up home prices faster than wage growth. / BLOOMBERG FILE PHOTO/DERICK E. HINGLE

Sales of existing U.S. homes unexpectedly fell in Jan.

NEW YORK - Sales of previously owned United States homes unexpectedly fell in January to a four-month low, indicating a shortage of available properties is...

Output at U.S. manufacturers unchanged for a second month

New YORK - U.S. factory output was unchanged in January for a second month after a run of healthy advances consistent with ongoing expansion in...
U.S. JOBLESS CLAIMS decreased by 9,000 to 221,000 last week. /BLOOMBERG FILE PHOTO/LUKE SHARRETT

U.S. jobless claims decline, approach an almost 45-year low

NEW YORK - U.S. filings for unemployment benefits unexpectedly declined last week, hovering close to an almost 45-year low and signaling a tight job...
CONSTRUCTION EMPLOYMENT FELL 8 percent in the Providence-Fall River-Warwick metropolitan area from April 2012 to April 2013.  / BLOOMBERG FILE PHOTO/SIMON DAWSON

U.S. adds 200,000 jobs; wages rise by most since recession

WASHINGTON – U.S. hiring picked up in January, and wages rose at the fastest annual pace since the recession ended, as the economy’s steady move...

Employment costs in U.S. match fastest 12-month gain since 2008

NEW YORK - Total United States employee compensation rose in the fourth quarter and matched the biggest 12-month gain since 2008, as private-sector pay...
CONSUMER SPENDING continued to rise in December. / BLOOMBERG

U.S. consumer spending rose in Dec., saving rate dipped

NEW YORK - U.S. consumer spending rose at a solid pace in December after an upwardly revised advance a month earlier as shoppers splurged...
CONSUMER SPENDING and business investment in equipment blunted the negative effects of a growing trade deficit and a drop in the value of inventory in the fourth quarter. / BLOOMBERG NEWS

U.S. GDP grows below-forecast 2.6% on trade, inventory drags

WASHINGTON – The U.S. economy expanded at a slower-than-projected pace in the fourth quarter on drags from trade and inventories, offsetting strength in consumer spending...

Jobless claims held steady, signaling solid U.S. labor market

NEW YORK - The number of people filing for U.S. unemployment benefits held steady last week, in part reflecting estimated data for 13 states and...
THE CONSUMER CONFIDENCE INDEX DECLINED in December after hitting a 17 year high. This month is still the highest December index rating since 2000. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

U.S. consumer confidence falls in Dec. from a 17-year high

NEW YORK - United States consumer confidence declined in December from a 17-year high as Americans became less upbeat about the outlook for the...

U.S. new-home sales surged in November to highest since 2007

WASHINGTON – Purchases of new homes unexpectedly surged in November in the United States to the highest level since before the last recession, indicating...
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