U.S. services, factory data point to moderate economic growth

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U.S. services, factory data point to moderate economic growth

U.S. services sector activity slowed in May as new orders tumbled, but a jump in employment to a near two-year high pointed to sustained labor market strength despite a deceleration in job growth last month.

The moderation in…

U.S. factory activity cools slightly; trend remains bullish

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U.S. factory activity cools slightly; trend remains bullish

U.S. factory activity cools slightly; trend remains bullish:- A measure of U.S. manufacturing activity retreated from a 2-1/2-year high in March amid a decline in production and an inventory drawdown, but a surge in factory jobs…

U.S. job growth seen accelerating in January, wages strong

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U.S. job growth seen accelerating in January, wages strong
U.S. job growth seen accelerating in January, wages strong:- U.S. job growth likely accelerated in January, with wages expected to have increased steadily, suggesting a strong start for the Trump administration as it seeks to boost the…

U.S. consumer spending, housing data bolster economic outlook

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U.S. consumer spending, housing data bolster economic outlook
U.S. consumer spending, housing data bolster economic outlook:- U.S. consumer spending accelerated in December as households bought motor vehicles and cold weather boosted demand for utilities amid a rise in wages, pointing to…