American companies added 208,000 net new jobs in November, posting another solid though slightly disappointing month of labor market gains, payroll firm Automatic Data Processing said Wednesday.
The nation's top corporate chief executives were slightly less optimistic about the economy's direction and planned to decrease investments in their businesses over the next six months, according to a survey released Tuesday.
Two top Federal Reserve policymakers said Monday that falling oil prices will help the U.S. economy even though the drop adds to concerns about low inflation.
The incoming Republican majority in Congress is preparing to give number-crunching a controversial twist, and the new math could make it easier for the GOP to cut taxes.
The economy just posted its best six-month stretch in 11 years, the labor market is on a record streak of job creation and gas prices are falling. But consumers — a key driver of U.S. economic growth — have not yet fully joined the party.
Consumer spending bounced back last month after a sluggish September and income growth held steady, positive signs heading into the holiday shopping season.
While economic growth in much of the world slowed, the U.S. recovery hummed through the summer at an unexpectedly robust pace and posted its best six-month performance in 11 years.
Profits at the nation's banks rose 7.3% in the third quarter as revenues posted their biggest year-over-year increase since 2009, the Federal Deposit Insurance Corp. said Tuesday.