Air Tractor Inc., a Texas manufacturer of agricultural and firefighting airplanes, was excited about a multimillion-dollar order from Africa, but fresh questions about the future of the U.S. export-assistance agency now threaten the sale.
Initial jobless claims fell last week to 280,000, continuing the positive momentum for the labor market as the year ends, the Labor Department said Wednesday.
The U.S. is rolling into the new year with impressive strength as plunging oil prices have ignited consumer spending and helped fuel the best stretch of growth in more than a decade — even as economies around the world are struggling.
Consumer spending jumped last month as Americans' incomes continued to rise, the Commerce Department said Tuesday.
The U.S economy grew at its fastest pace in more than a decade during the third quarter, a significant increase over earlier estimates that was triggered by stronger consumer spending, the Commerce Department said Tuesday.
In another positive sign for the labor market, Americans this month showed the most optimism about the availability of quality jobs than at any time since the start of the Great Recession, according to a Gallup poll released Monday.
Federal regulators Friday designated MetLife Inc. for special oversight, saying the insurer is so big that its failure or other major problems would pose a threat to the U.S. financial system.
The American economic outlook, bolstered by robust job growth and a sharp drop in gasoline prices, was boosted a little more with the Federal Reserve's signal that it would take as long as three years to raise interests to once-normal levels.