Census Shows a Modest Rise in U.S. Income
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The nationâs median household income grew modestly in 2006 even as the percentage of people without health insurance hit a high.
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FOR MANY Americans, 2003 was a year of economic stagnation and increasing insecurity, according to Census Bureau figures released yesterday.
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The economy should expand modestly in coming months as a healthy job market continues to trump weakness in housing prices.
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The productivity of U.S. workers  rose by a weaker-than-expected 0.2 percent in the third  quarter, while unit labor costs grew by less than initially  thought in encouraging news for the Federal Reserve on wage  pressures, government data showed on Tuesday.
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The U.S. economy added a modest 111,000 jobs in January, but the job picture was much brighter than first estimated in the final quarter of last year, a government report showed on Friday.
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Spending rose slightly more than expected, while personal income rose 0.5 percent, the government said. For all of 2007, consumer spending grew by 5.5 percent, the weakest growth since 2003.
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Americans were more frugal in their spending in August as their incomes rose at a slower pace.
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U.S. Treasury prices got a modest lift  on Thursday as a notoriously volatile measure of the U.S. labor  market proved much weaker than expected.
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WASHINGTON -- Most parts of the country saw modest economic growth in the past month, although there were pockets of sluggishness as businesses continued to cope with fallout from the troubled housing and automotive industries.
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The U.S. economy's soft patch last spring was a bit firmer than previously thought.
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Immigration has a positive impact on the U.S. economy and boosts wages for the vast majority of native workers, though there are "small negative effects" on the earnings of the least-skilled Americans, according to a report the White House issued yesterday.
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The increase in first-time jobless claims last week was slightly smaller than the 18,000 increase that Wall Street had expected. But a Labor Department statistician said the gain wasn&#39;t unusual
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The US economy grew at a 3.7 percent annual rate in the third quarter - a pace that was slightly better than in the spring but not as strong as many analysts expected.
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Blue-chip stocks were flat on Friday  after third-quarter gross domestic product data showed the U.S.  economy grew at a slower-than-expected pace, but another report  showed Midwestern business activity expanding in October.
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U.S. worker productivity rose by a weaker-than-expected 0.2 percent in the third quarter, but unit labor costs grew less than initially thought in a sign of moderating inflation pressure, government data showed on Tuesday.
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U.S. stocks opened little changed on  Friday, after third-quarter gross domestic product data showed  the U.S. economy grew at a slower-than-expected pace.
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The increase seems small enough: two-fifths of 1 percent. The percentage of Americans living in poverty rose to 12.5 percent in 2003, up from 12.