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Commerce Department

U.S. Economic Growth Estimate Raised To 4.6 Percent

U.S. economic growth is stronger than initial estimates.

September 26, 2014

U.S. New-Home Sales Soar To 6-Year High In August

New-Home sales were up 18 percent in the month of August, which suggests that housing demand has stabilized in recent months.

September 24, 2014

U.S. Economy Slows To A Near-Stall In First Quarter

Washington (AFP) – The U.S. economy ground almost to a halt in the first three months of the year amid severe winter weather, official data showed Wednesday. Gross domestic product increased at an annual rate of 0.1 percent after hitting a 2.6 percent pace in the 2013 fourth quarter, the Commerce Department said. While analysts […]

April 30, 2014

U.S. Trade Deficit Swells To $42.3 Billion In February

Washington (AFP) — The U.S. trade deficit increased sharply in February as imports rose and exports fell, the Commerce Department reported Thursday. The nation’s trade gap in goods and services with the rest of the world widened to $42.3 billion, an increase of 7.7 percent from January, according to seasonally adjusted data. itmpa via Flickr

April 3, 2014

U.S. Stocks Pare Losses In Early Trade

New York (AFP) — U.S. stocks were flat in early trade on Thursday, paring back hefty opening losses after a batch of mixed economic data. After 45 minutes of trade, the Dow Jones Industrial Average was down 63.77 points (0.39 percent) at 16,205.22. The S&P 500, a broad measure of the markets, shed 9.34 (0.50 […]

March 27, 2014

Housing Starts Tumble In January Amid

By Andrew Khouri, Los Angeles Times New home construction fell sharply in January, as severe weather across much of the country helped freeze development. Housing starts tumbled 16 percent from December to a seasonally adjusted annual rate of 880,000 last month, the Commerce Department said Wednesday. Last month’s level was 2 percent lower than in […]

February 19, 2014

U.S. Economy Grew 3.2 Percent In Fourth Quarter

Washington (AFP) – The U.S. economy grew at a robust annual rate of 3.2 percent in the fourth quarter despite the partial government shutdown in October, according to Commerce Department data released Thursday. Growth in gross domestic product was led by pick-ups in exports and consumer spending, the main driver of the U.S. economy. Most […]

January 30, 2014