2 Reports Point to Slowing Economy
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Orders for long-lasting manufactured goods dropped unexpectedly in September while the number of people filing new unemployment claims was higher than expected.
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The U.S. economy grew more slowly in  the second quarter than first thought amid shrinking corporate  profits and higher imports, the government said on Friday in a  report that confirmed momentum faltered in the spring.
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The US economy slowed even more than first thought in the second quarter, as pricey imported oil widened the trade gap. The Commerce Department cut its estimate yesterday of second-quarter
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Growth in the manufacturing sector slowed in August while construction spending dropped sharply in July, indicating turmoil in the housing and financial markets could be spilling over to the broader economy.
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NEW YORK -- The economy could be headed for slower growth in the next several months, according to a report released yesterday by a private research group. A separate report showed a drop in weekly claims for unemployment benefits.
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The U.S. economy grew at a slightly slower but brisk 3.8 percent annual rate in the second quarter, and fresh signs of a surprisingly buoyant job market emerged last week, government reports on Thursday showed.
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NEW YORK -- A closely watched gauge of future economic activity slipped in August for the second consecutive month, suggesting that the U.S. economy is cooling.
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Reports said construction spending also fell sharply in October, pointing to a slowdown in the economy.
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The U.S. economy slowed more sharply  in the second quarter than first thought as oil prices rose and  the trade gap swelled, the government said on Friday in a  report that confirmed momentum faltered in the spring.
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A slowdown in U.S. economic growth  during the second quarter of the year was not as sharp as  previously thought, the Commerce Department reported on  Wednesday, partly because businesses built up inventories at  the strongest rate in four years.
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Economic data to be released this week are expected to show slowing economic growth in Britain as rate hikes braked expansion, economists said.
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WASHINGTON Aug. 27, 2004 - Weighed down by high energy prices, the economy was even more sluggish than initially believed during the second quarter.
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The US economy slowed more sharply in the second quarter than first thought as oil prices rose and the trade gap swelled, the government said on Friday in a report that confirmed momentum faltered in the spring.
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Reports on factory orders and the labor market  portrayed an economy that is skirting recession as attention shifts to government figures on employment to be released Friday.
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WASHINGTON --A closely watched gauge of future economic activity slipped for a second straight month, a performance viewed as signaling a slowdown but not a recession.
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A slowing economy weighs on the employment software company.
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THE US economy braked harder than first thought in the second quarter, skidding to a 2.8 per cent annual growth rate as consumers gripped their purses, new figures showed overnight.