News

US retail sales climb the most since June as stimulus boost ends losing streak

US retail sales grew 5.3% in January, the Census Bureau announced Wednesday. The reading beats the 1% economist estimate and snaps a three-month losing streak. Sales are a popular gauge of consumer spending, a critical driver of overall growth. Visit the Business section of Insider for more stories. American spending […]
US retail sales climb the most since June as stimulus boost ends losing streak
News

US private-sector employment grew more than expected in January, ADP says

The US gained 174,000 private payrolls in January, according to ADP’s monthly employment report. The data follows a revised 78,000-payroll contraction in January and lands above the 70,000 estimate. ADP’s report comes two days before the Bureau of Labour Statistics publishes nonfarm payrolls data. Visit the Business section of Insider […]
US private-sector employment grew more than expected in January, ADP says
News

US weekly jobless claims slide to 847,000 as stimulus debate continues

New US jobless claims for the week that ended Saturday totaled 847,000, down from the previous week’s revised total of 914,000. Economists surveyed by Bloomberg expected claims to dip to 875,000. Continuing claims, which track Americans receiving unemployment benefits, sank to 4.8 million for the week that ended January 16. […]
US weekly jobless claims slide to 847,000 as stimulus debate continues
Markets

One measure of unemployment suggests Biden’s $1.9 trillion stimulus plan could do more harm than good, says one top Wall Street strategist

The U-6 unemployment rate – a less popular reading than the commonly cited U-3 – suggests additional fiscal support could be unnecessary and pose serious risks, says James Paulsen, chief investment strategist at The Leuthold Group. The gauge – which includes those working part-time for economic reasons and workers only […]
One measure of unemployment suggests Biden’s $1.9 trillion stimulus plan could do more harm than good, says one top Wall Street strategist
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