Tag: Commerce Department
U.S. economy grew at 33% rate in Q3 but recovery is...
WASHINGTON (AP) – The United States economy grew at a record 33.1% annual rate in the July-September quarter but has yet to fully rebound...
U.S. trade deficit up to $67.1B in August, 14-year high
WASHINGTON (AP) – The United States trade deficit rose in August to the highest level in 14 years.
The Commerce Department reported Tuesday that the...
Retail sales rise for 4th straight month as growth slows
NEW YORK (AP) – Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs...
U.S. economy plunged an annualized 31.7% in second-quarter
BALTIMORE (AP) – The United States economy shrank at an alarming annual rate of 31.7% during the April-June quarter as it struggled under the...
US trade deficit drops in June on record rise in exports
WASHINGTON (AP) – The United States trade deficit fell in June for the first time since February as exports posted a record increase, rising...
U.S. consumer spending up 5.6%, but virus could stall gains
WASHINGTON (AP) – American consumers increased their spending in June by a solid 5.6%, helping regain some of record plunge that occurred after the...
U.S. economy shrank at record-breaking 33% rate last quarter
WASHINGTON (AP) – The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter – by far the worst quarterly plunge...
U.S. GDP fell at 5% rate in Q1; worse is likely...
WASHINGTON (AP) – The United States economy shrank at a 5% rate in the first quarter with a much worse decline expected in the...
U.S. retail sales up 17.7% in a partial rebound from plunge
BALTIMORE (AP) – United States retail sales jumped 17.7% from April to May, with spending partially rebounding after the coronavirus had shut down...
U.S. trade gap rises to $49.4B in April
WASHINGTON (AP) – The United States trade deficit hit the highest level in eight months in April as American commerce with other countries was...
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