U.S. manufacturing contracts again but may be on the verge of a rebound

BY H. Will Racke The U.S. manufacturing sector contracted again in February — but showed signs of future renewed strength due to improving production and new orders. The Institute for Supply Management’s latest report showed that its purchasing manager’s index (PMI), a composite indicator of manufacturing activity, rose to 49.5 from 48.2 in January. That […]

Home sales and prices continue to rise


By Sony Kassam Existing home sales, supported by an improving labor market, were better than expected in January, rising to the highest annual rate in six months, a trade group said Tuesday. The National Association of Realtors said existing home sales, including condos, co-ops and single-family homes, inched forward 0.4 percent from December, to a […]

U.S. jobless claims fall to lowest level since November

Illinois Department of Employment Security (Lucia Maffei/MEDILL)

By Lucia Maffei The number of Americans filing for unemployment benefits dropped to a three-month low last week, a better-than-expected performance that suggests labor market conditions are improving. The U.S. Department of Labor reported Thursday that in the week ended Feb. 13, initial jobless claims declined by 7,000 from the previous week, to a seasonally […]