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Example Headline for Date
Construction Spending Sets Record in 2005
AP - Construction spending climbed to an all-time high in December, helping to push building for all of 2005 to a record as well.
Jobless claims fall unexpectedly last week
Reuters - New claims for U.S. unemployment
benefits fell unexpectedly to 273,000 last week, pushing a
four-week average of claims to the lowest level in nearly six
years, a government report showed on Thursday.
US economy creates 193,000 jobs in January
FT.com - The US economy created 193,000 jobs in January, slightly less than expected but enough to send the unemployment rate down even closer to historic lows.
Forex unlikely on agenda for G8 finance ministers: Japan MOF
Reuters - Foreign exchange, including the Chinese
yuan currency, is unlikely to be on the agenda for a meeting of
Group of Eight finance ministers later this week, a senior
Japanese Finance Ministry official said on Monday.
Gov't: Indian Economy to Grow 8.1 Percent
AP - The Indian economy will expand 8.1 percent during the current fiscal year because of robust growth in the manufacturing and services industries, a new government estimate said Tuesday.
German Exports Rise 0.8 Percent in Dec.
AP - German exports rose in December for the first time in three months, lifting overall annual foreign sales to a new record, the Federal Statistics Office said Wednesday.
Group: German Economic Growth May Slow
AP - Economic research institute DIW said Thursday that growth in Germany will likely slow during the first quarter because of cold weather halting some construction.
Estimate: French Economy Grew in 4Q
AP - France's economic growth slowed in the fourth quarter of 2005 after a dynamic third quarter, according to a flash estimate by national statistics institute Insee.
Easy policy may boost inflation, not jobs: Pianalto
Reuters - The U.S. labor market may be facing
supply constraints that could make efforts to boost job growth
with easy monetary policy backfire, Cleveland Federal Reserve
Bank President Sandra Pianalto said on Monday.
China chides U.S. for criticism over trade, yuan
Reuters - China responded on Tuesday to U.S.
demands for a stronger yuan to reduce its trade surplus by
saying market forces were already driving the currency and
warning Washington not to make political capital out of the
issue.
Bernanke says Fed sees upside inflation risks
Reuters - Federal Reserve Chairman Ben
Bernanke said on Wednesday the U.S. economy was running so
close to capacity that it faced heightened risks of an outbreak
in inflation that could require higher interest rates to tame.
Jobless claims rise larger-than-expected
Reuters - The number of Americans filing
initial claims for unemployment benefits rose an unexpectedly
large 19,000 last week but held below the 300,000 level for a
fifth straight week for the first time in over five years,
signaling a strong job market.
Japan unions seek wage hikes as economy recovers
Reuters - Japanese labor unions, armed with new
evidence of a long-awaited economic recovery, are seeking wage
hikes in their annual 'spring offensive' talks that began this
week, after years of effectively frozen pay rates.
Pledging continuity, Bernanke breaks with Greenspan
Reuters - New U.S. central bank chief Ben
Bernanke last week used his first congressional appearance to
pledge continuity with the Greenspan Fed, but broke with his
famous predecessor by refusing to offer fiscal policy advice.
Middle class feeling pinched in rich Hong Kong
Reuters - Hong Kong's economy might have grown
by an estimated 7 percent last year and outshone many others in
the region, but for insurance agent Ngai Wai-wang, that is
immaterial.
EU Issues Rosy 2006 Growth Forecasts
AP - The European Commission issued an optimistic outlook for the EU economy Tuesday, saying it expects growth for the 25-nation bloc at 2.2 percent in 2006 and at 1.9 percent for the 12 nations that have the euro as their currency.
Chain store sales rose in latest week: Redbook
Reuters - U.S. weekly chain store sales rose in
mid-February compared with a year earlier, a report said on
Tuesday.
Jobless Claims Dip by 20,000 Last Week
AP - The number of Americans applying for unemployment benefits dropped by a larger-than-expected amount last week, indicating the nation's labor market remains strong.
Orders for Manufactured Goods Tumble
AP - Orders to U.S. factories for big-ticket manufactured goods fell by the largest amount in 5 1/2 years in January as demand for commercial aircraft suffered the biggest setback in seven years, the government reported Friday.
US economy set to roar back: survey
AFP - The US economy is set for a strong rebound in the first quarter of 2006, shaking off the hurricane-related weakness of the fourth quarter, a survey of business economists showed.
Existing Home Sales Fall for Fifth Month
AP - Sales of existing homes fell for a fifth consecutive month in January as the once-sizzling housing market cooled further.
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