Business

Third-Quarter Economic Growth Revised Slightly Higher

U.S. economic growth slowed sharply in the third quarter amid a flare-up in COVID-19 infections, the government confirmed on Wednesday, but activity has since picked up, putting the economy on…

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Home Construction Jumps 11.8% in November

New home construction in the U.S. jumped 11.8% in November with strong demand boosting builder confidence. The double-digit percentage increase last month left home construction at a seasonally adjusted annual…

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Weekly Jobless Claims Rise Moderately as Labor Market Tightens

The number of Americans filing new claims for unemployment benefits increased moderately last week, remaining at levels consistent with tightening labor market conditions. Initial claims for state unemployment benefits rose…

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Weekly Jobless Claims Lowest in More Than 52 Years

The number of Americans filing new claims for unemployment benefits dropped to the lowest level in more than 52 years last week as labor market conditions continued to tighten amid…

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