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USA Economy |
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WSJ.com: Economy
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Economy
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Jobless Claims Fall
Initial jobless claims declined by 11,000 to 457,000 last week, but that followed a big rise the previous period, signaling little improvement in the job market.
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More Record Lows for Mortgages
U.S. mortgage rates fell again, with the average rate on 30-year and 15-year fixed-rate mortgages furthering record lows.
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Euro-Zone Sentiment Improves
Euro-zone economic sentiment strengthened to its highest level in more than two years in July, fueled by markedly positive numbers in Germany.
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IMF Urges China to Consume More
China's trade surplus is set to balloon again unless the government takes more steps to support domestic consumption, including letting its currency strengthen, the IMF warned.
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Building Bust Chokes Off California Jobs
Amid the tepid economic recovery, California's construction industry continues to hemorrhage jobs, helping to explain why unemployment across the state remains so much worse than elsewhere in the country.
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Canada Logs Opposition to Simpler Census
The government of Canadian Prime Minister Stephen Harper is under fire from a range of opponents for a privacy initiative?making participation in his country's census largely voluntary.
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U.K. Mortgage Approvals Drop
U.K. mortgage approvals slipped to their weakest level since February and net consumer lending remained tame in June. U.K. consumer confidence slumped to its weakest level in 13 months in July.
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Germany Regains Jobs Lost in Recession
German unemployment fell in July for the 13th straight month, putting Europe's largest economy on the brink of a milestone: regaining all of the employment lost during the recession far earlier than many expected.
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It's-Its Dodge Economic Chill
A Bay Area company has retained a recipe for success in a sluggish economy: Take a scoop of ice cream, squish it between two oatmeal cookies and apply dark chocolate.
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Beige Book Shows Sluggish Growth
U.S. economic activity rose only modestly in June and the first half of July, the Fed said, in another sign that the recovery may be running out of steam.
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