Economy

German business morale worsens in June

German business confidence weakened for a second straight month in June. Greek debt crisis is hitting corporate boardrooms across Europe's largest economy.

Based on a monthly survey of some 7,000 firms, Ifo's business climate index dropped to 107.4 in June from 108.5 in May. That was its... read more

US Growth Outlook Ameliorates, Owes to Robust Retail Sales

This May, the US economy gathered momentum with a surge in retail sales which registered a 1.2% gain over April sales. Increase in purchases of particularly automobiles and also a range of other goods boosted the retail sales.

The core retail sales, which exclude sales of automobiles,... read more

Retirement Abodes Ranked, Arizona Occupies Three of the Top 5 Spots

After working on a hectic schedule all your life, all one needs is the perfect location to enjoy every bit of it that has been painstakingly earned. For the dedication and hard work that has been put in all through the years, you deserve the best retirement abode ever.

The new ranking by... read more

US Labor Market Shows Strength in Early May

A report published by New-Jersey based ADP Research on Wednesday claimed that the US labor market rebounded in May, when compared with its weak numbers last month.

ADP released its figures 48 hours before official figures from the US Bureau of Labor would be out this Friday. The agency... read more

India’s Economic growth surpasses China

Indian Economy’s growth rate surpassed China’s in the first quarter. Data showed on Friday the economy growth of 7.5% year-on-year in the last quarter for the Asia’s third-largest economy. The figure was higher than China’s 7% economic growth during the last quarter.

Prime Minister... read more

Indicating a recovering housing market, the US Pending Home Sales Index in April recorded a fourth successive monthly increase, reaching its highest level in nine years. The growth in US housing data stimulates a positive outlook for the housing market and for the economy as a whole.

As... read more

US Records below 300,000 Unemployment Claimants for 12 Successive Weeks

Signalling a robust labour market, the applications for US jobless benefits remained below 300,000 for the 12th straight week which signals a firming jobs market and healthy levels of hiring amidst a sluggish economy.

The Labour Department report on Thursday revealed that though the... read more

 Stanley Fischer

Even a peewee change brought in by the US Federal Reserve has far-reaching effects on almost all the economies of the world. This adds weight to the fact that the Fed, indeed, is the most powerful bank housed in the world's most powerful economy.

The proposed move of the Fed to raise US... read more

Higher-than-Expected Sales of New US Single-Family Homes

Rise in new US single-family home sales was recorded more than expected in April, in addition to jump in the average price. The growth rate indicates increasing recovery in housing sector.

According to the Commerce Department, sales saw a rise of 6.8% to a seasonally adjusted annual rate... read more

Unemployment Rate drops in Sacramento

In the Sacramento area and statewide, unemployment continued with its fall last month, coming to its lowest levels before the collapse of the economy in 2008.

On Friday, state officials said that the Sacramento unemployment rate fell to 5.6% last month, which was down three-tenths of a... read more

The intimidating effects of inflation seem eminent as the US core consumer-price index soared 0.3%, the biggest gain since January 2013.

This fast-paced increase in the cost of living, excluding food and fuel, has surpassed the analyst’s estimates for April, which called for a 0.2%... read more

Los Angeles City Council Proposes To Increase Minimum Wage to $15 per Hour By 2020

The Los Angeles City Council on Tuesday voted to increase the minimum wage in the city to $15 per hour by 2020. Presently the minimum wage in the second-largest city in the U. S. is $9.

The measure which received 14-1 vote by the council will be kept before the panel for its final... read more

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