The US has now recovered about 96% of its pandemic-era decline in output. A 10% surge for first-quarter GDP would have completed the economic rebound.

The headline unemployment rate met the median economist forecast, sliding to 6% last month from 6.2%, but new jobs smashed estimates of 660,000.

Bank of America sees the report kicking off a quarter of job gains averaging 950,000 a month. UBS expects similar growth lasting into the fourth quarter.

The jump in private-sector jobs comes in below the median estimate of 550,000 and marks a third straight monthly gain.

The decline missed the median estimate for a 0.5% drop and marks the fourth decline for retail sales in five months.

The $2.2 trillion CARES Act and President Donald Trump's $1.9 trillion tax cut also signify Congress' new comfort with hugely expensive legislation.

Tom Lee is reiterating his call to shed Zoom, Netflix, and Peloton. He says stocks that hinge on an economic recovery have the most upside in 2021.

Friday's blowout jobs report showed the US added nearly double the payrolls expected by economists for the period.

Employment and new orders improved in February but rising materials prices and supply-chain delays raised concerns among respondents.

IHS Markit’s gauge of US business output rose to 58.8 in a preliminary February reading. The data marks the strongest rate of growth since March 2015. Revived activity in the service industry drove the bulk of the improvement. Manufacturers grew, albeit at a slower pace. Visit the Business section of […]

While service-sector activity rebounded in a February reading, hiring didn't show a similar jump amid efforts to control outgoings, IHS Markit said.

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 […]

The reading beat the median economist estimate of 1% growth and snapped a 3-month streak of contracting sales.

Extra unemployment payments during the pandemic boosted consumer spending while also keeping more Americans in jobs, the UChicago study found.

January’s payrolls report showed disappointing job gains and more Americans leaving the labour force. The report amplified calls backing President Biden’s $US1.9 trillion stimulus plan. The absence of new aid risks permanent labour-market scarring, a former Fed economist said. Visit the Business section of Insider for more stories. The January […]

The US added 49,000 jobs in January, missing the estimate of 105,000 additions. It was a reversal from the 227,000 payrolls lost in December, the first decline in seven months. The unemployment rate dropped to 6.3% from 6.7%, beating forecasts. Visit the Business section of Insider for more stories. The […]

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 […]