US Commerce Department Releases US Economic Data for Q2 2017

Friday, the US Commerce Department published national economic data for the second quarter of 2017. After a sluggish 2016, the economy appears to be modulating toward a strong growth rate. Last year saw the slowest economic growth rates since the recession of the late 2000s, so analysts say the economy is not booming, just regaining […]
  • William Van-Lear Black
  • July 30, 2017
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Can Trump Change First Quarter Economic Slump?

Among hopes that the Trump administration would improve economic activity, the U.S. economy in the first quarter grew more slowly than it has in three years. It is too soon to tell how effective Trump’s promise to improve economics, however, recent levels of activity do not paint a positive picture. In the worst performance since […]
  • Gray Phillips
  • April 29, 2017
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Orders For U.S. Capital Goods Exceed December Forecast

Data from the Commerce Department on Friday showed that bookings for non-military equipment increased .08% from 1.5% in November. Orders for all durable goods fell 0.4% due to a slump in the military aircraft market. While the data showed an overall lackluster 2016, the figures indicated a steady approach toward stabilization. Shipments of capital equipment, used […]
  • Anahit Moumjian
  • January 28, 2017
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Scandal in South Korea Affects Economic Growth

South Korea is looking at a lower economic expansion than predicted, according to the Bank of Korea. The country stated Friday that economy would expand by 2.5 percent which is lower than the estimated 2.8 percent announced in October. It appears that these low numbers could be a result of the peddling scandal that has […]
  • Sharnita Sanders
  • January 13, 2017
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July Job Growth Slows Down: Unemployment Rate at 6.2 Percent

U.S. job growth in July was slower than expected, and the unemployment rate unexpectedly increased to 6.2 percent. According to Reuters, 209,000 jobs were added to the market last month, followed by 298,000 in June. Even though July growth was slower than expected, it was still the sixth-straight month of more than 200,000 jobs being created […]
  • Cho KwanLi
  • August 1, 2014
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U.S. Economy Grows 4 Percent in Second Quarter

After a harsh winter, the United States economy grew 4 percent in its second quarter, April to June, the Commerce Department said Wednesday, July 30. Read also: Unemployment Rate Decreases to 6.1 Percent According to the Associated Press, the growth mainly came from strong consumer and business spending. In its first estimate, the government expected […]
  • Cho KwanLi
  • July 30, 2014
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