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FT US Economic News

Financial Times US economy news
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    US new home construction rebounds

    US new home construction rebounds US new home construction rebounded in April, suggesting that the troubled sector is turning around. Housing starts rose 2.6 per cent over the month to a seasonally adjusted annual rate of 717,000, while March’s figures were revised higher to 699,000,

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    Young Americans delay purchase of homes

    Young Americans delay purchase of homes Andrea Stautberg, 27, and her husband James wanted to buy a house after finishing graduate school in 2009. But in the face of a tough economic climate, uncertain job prospects and $115,000 in student loan payments, the couple instead decided to save

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    US wholesalers keep stockpiles steady

    US wholesalers keep stockpiles steady US wholesalers increased their stock at the slowest pace in four months in March as companies ensured that stockpiles stayed in line with demand. Inventories rose 0.3 per cent, according to Department of Commerce data, compared with expectations of

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    US small business optimism grows

    US small business optimism grows US small business owners were the most confident they had been for a year in April, with companies increasing recruitment and spending plans even as concerns remain about the health of the US economy. The National Federation of Independent Business’s

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    Euro touches three-month dollar low

    Euro touches three-month dollar low French and Greek elections weighed on the euro on Monday as investors worried about the countries’ ability to implement a series of austerity measures aimed at containing the region’s debt crisis. The single currency touched a three-month low

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    Economic outlook: Focus on US jobs data

    Economic outlook: Focus on US jobs data US jobs data are once more destined to define market sentiment at the end of a week that will also feature monetary policy decisions for the eurozone and by the Reserve Bank of Australia. Friday’s non-farm payroll report from Washington is likely to

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    Economists go head-to-head over Obama budget

    Economists go head-to-head over Obama budget The economic debate dominating the 2012 US presidential campaign has drawn two of the profession’s giants into a pointed exchange over Barack Obama’s budget plans. The battle of the economic minds has set Glenn Hubbard, dean of the Columbia Business

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    US jobless claims edge down to 388,000

    US jobless claims edge down to 388,000 First-time claims for unemployment insurance fell slightly last week but missed analysts’ expectations, while the previous week’s numbers were revised upwards, tempering positive sentiment about the US jobs market. Initial claims for jobless