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• Mortgage rates drop to lowest level this year

  May 13, 2010 11:58 AM

  Mortgage rates fell this week to the lowest level of the year. The drop was caused by a high demand for U.S. government securities, which closely track mortgage rates, as investors fled risky European debt. The average rate on a 30-year fixed rate mortgage dipped to 4.93 percent this... more »

• April consumer spending falls from March

  May 13, 2010 8:36 AM

  New figures show Americans pulled back from the malls in April after spending more rapidly in March. The lull comes on the heels of three straight month-to-month gains in retail spending, according to figures released by MasterCard Advisors' SpendingPulse. April's business was hurt by cool weather as well as... more »

• Foreclosures down slightly from last year

  May 13, 2010 8:24 AM

  A foreclosure listing firm says the foreclosure crisis is finally showing signs of easing, but it isn't all good news. RealtyTrac says the number of households facing foreclosure last month fell 2 percent from a year ago. That's the first annual decline in five years. But while the delinquency... more »

• New layoffs soar to nearly half million

  February 25, 2010 9:54 AM

  The number of new claims for unemployment benefits jumped unexpectedly last week as heavy snows caused layoffs to rise. A Labor Department analyst says mid-Atlantic and New England states are still processing a spike in claims stemming from the bad weather two weeks ago. The department says first-time... more »

• New home sales fall to record low

  February 24, 2010 4:25 PM

  Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades. The Commerce Department reported Wednesday that new home sales dropped 11.2 percent last month to a seasonally adjusted annual... more »

• Housing construction up 2.8 percent in January

  February 17, 2010 1:30 PM

  A couple of economic reports today are boosting hopes for a sustained recovery. Industrial production posted its seventh straight increase in January. The Federal Reserve reported Wednesday that January's numbers rose in all three major categories: manufacturing, mining and energy utilities. That is the first such show of... more »

• Layoffs swelling in USA

  January 21, 2010 10:16 AM

  The number of newly-laid off workers seeking jobless benefits rose last week, as the job market recovers at a slow and uneven pace. The Labor Department said Thursday that initial claims for unemployment insurance rose by 36,000 to a seasonally adjusted 482,000. Wall Street economists had expected a small drop.... more »

• What recovery? December retail sales drop

  January 14, 2010 8:47 AM

  Retail sales fell in December as demand for autos, clothing and appliances all slipped, a disappointing finish to a year in which sales dropped by the largest amount in 27 years of records. The weakness in consumer demand highlighted the formidable hurdles facing the economy as it struggles to recover... more »

• Foreclosures set a grim record in 2009; Colorado in Top 10

  January 14, 2010 8:23 AM

  A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages. The number of households that received a foreclosure-related notice rose 21 percent from 2008, RealtyTrac Inc. reported Thursday.... more »

• November trade deficit increases to $36.4 billion

  January 12, 2010 11:25 AM

  The U.S. trade deficit jumped to the highest level in 10 months as an improving U.S. economy pushed up demand for imports. However, exports rose as well, boosted by a weaker dollar, supporting the view that American manufacturers will be helped by a rebounding global economy. The Commerce Department reported... more »

• New jobless claims last week: 432,000

  December 31, 2009 9:07 AM

  The number of newly laid-off workers filing claims for unemployment benefits dropped unexpectedly last week, a sign the job market is healing as the economy slowly recovers. The Labor Department says that new claims for unemployment insurance fell by 22,000 to a seasonally adjusted 432,000, the lowest since July 2008.... more »

• Consumer confidence extends rise in December

  December 29, 2009 12:28 PM

  A monthly survey says consumers' confidence in the economy rose again in December. The rise was fueled by a long-term outlook on jobs that reached its highest level in two years. The New York-based Conference Board says its Consumer Confidence Index rose to 52.9, up from a revised 50.6 in... more »

• New jobless claims post increase

  December 17, 2009 10:00 AM

  The number of newly laid off workers filing claims for unemployment benefits rose last week as the recovery of the nation's battered labor market proceeds in fits and starts. The Labor Department said Thursday that the number of new jobless claims rose to 480,000 last week, up 7,000 from the... more »

• November housing construction up 8.9 percent

  December 16, 2009 9:00 AM

  Construction of new homes, helped by better weather, rebounded in November following a setback in the previous month. The gain is a hopeful sign that the housing recovery is continuing, a development viewed as critical to lifting the overall economy out of recession. The Commerce Department says construction of new... more »

• 2009: Record year for movie ticket sales

  December 11, 2009 10:45 AM

  The economy may be down, but movie ticket sales are up. Hollywood has set a new box-office record of U.S. ticket sales of more than $10 billion for 2009. The previous record was $9.68 billion two years ago. With potential blockbusters like Sherlock Holmes and Avatar arriving... more »

• Consumer confidence unexpectedly falls in September

  September 29, 2009 11:21 AM

  Consumers' confidence in the economy falls in September as Americans' worries about job security offset any enthusiasm about the rally in the stock market. The Conference Board says that the Consumer Confidence Index now stands at 53.1, down from the revised 54.5 reading in August. Economists surveyed by Thomson Reuters... more »