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Keyword: unexpected

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  • Q4 GDP 2.6%: Better than Expected (2018 GDP, 3.125)

    03/01/2019 8:42:33 AM PST · by xzins · 46 replies
    Yahoo News ^ | 28 Feb 19 | Mark Vickery
    The long-awaited first read on Q4 GDP has just come out, with results better than expected: +2.6%, whereas analysts had been pivoting right around that 2.0% figure ahead of the release. The historically strong Q3 results were revised upward in its third and final headline: 3.5%. Even though it’s too early to take the long view of 2018 GDP as a whole, this 2.6% number joins the 2.2%, 4.2% and now 3.5% from the previous quarter to put preliminary GDP at 3.125%, or above 3% for the first time since prior to the Great Recession a decade ago. That this...
  • U.S. consumer confidence jumps as current views hit 18-year high

    02/27/2019 2:30:43 PM PST · by spintreebob · 9 replies
    Ad Age ^ | 2/26/19 | Bloomberg News
    Credit: iStock U.S. consumer confidence improved in February, topping all forecasts and snapping a three-month losing streak, after the U.S. government ended the longest shutdown in the country's history and the trade war edged toward a resolution. The confidence index climbed to 131.4 from 121.7, the New York-based Conference Board said in a report Tuesday. That compared with a Bloomberg survey of economists that called for a rise to 124.9. The measure gauging Americans' views on present conditions rose to an 18-year high while consumer expectations posted the largest monthly gain since 2011. Key insights • The increase comes amid...
  • US trade deficit narrows much more than expected in a win for Trump

    02/06/2019 10:55:05 AM PST · by Red Badger · 7 replies
    CNBC ^ | 02-06-2019 | Jeff Cox
    The U.S. trade deficit fell to $49.3 billion in November, the first decline after five straight months of increases. But on a year-over-year basis, the gap rose by 10.4 percent. The U.S trade deficit with its global partners fell in November for the first time after five straight months of increases as the shortfall with China and several other countries declined. Tightening the balance between imports and exports has been a major goal of the Trump administration, which last year started levying tariffs in an effort to close the gap. A release from the government Wednesday showed the gap had...
  • Trump 2020: How the president is cruising to victory no matter who the Dems nominate

    02/04/2019 8:13:15 AM PST · by SleeperCatcher · 43 replies
    The National Sentinel ^ | 2/4/19 | Jon Dougherty
    You wouldn’t know it by reading, watching, or listening to the #NeverTrump mainstream media (MSM), but the president is cruising to a 2020 victory, and it won’t matter who stumbles first over the line in the all-out Democrat war to secure the Socialist Party’s nomination. While whomever the Democrats nominate will be preaching freebies and other irresponsible economic policies, POTUS Donald Trump will have a solid four-year record of massive job and economic growth unrivaled since the days of Ronald Reagan. As you likely know, job creation figures for the month of January were announced last week and they were...
  • Venezuela's Maduro hikes minimum wage 300 percent

    01/16/2019 1:15:49 PM PST · by Oldeconomybuyer · 49 replies
    Reuters ^ | January 14, 2019 | by Brian Ellsworth
    CARACAS - Venezuelan President Nicolas Maduro raised the minimum wage by 300 percent to 18,000 bolivars per month, around $6.70, as part of routine wage hikes in an economy suffering from annual inflation approaching 2 million percent.
  • NYC restaurants cutting staff hours as minimum wage hits $15

    01/16/2019 12:55:45 PM PST · by Oldeconomybuyer · 48 replies
    CBS "News" ^ | January 16, 2019 | By Megan Cerullo (D-CBS)
    The legal minimum wage for New York City employers with 11 or more workers rose more than 15 percent on Dec. 31, 2018, to $15 per hour from $13, giving fast-food, retail and other employees a bump in pay. But some New York City restaurant owners say the latest minimum wage hike is forcing them to cut workers' hours just to stay afloat. It's the third rise in the city's base wage since Dec. 31, 2016, when it went to $11 an hour. The latest increase is part of a plan that phases in minimum wage hikes across New York...
  • US employers went on a surprising hiring spree in December

    01/04/2019 7:41:13 PM PST · by mdittmar · 11 replies
    AP ^ | 1/4/2019 | JOSH BOAK
    WASHINGTON (AP) — U.S. employers went on a hiring spree in December, adding a surprising 312,000 jobs and providing a dose of reassurance about the economy after a turbulent few months on Wall Street.The job gains reported Friday by the Labor Department came despite a trade war with China, a global slowdown and a partial government shutdown now entering its third week.The nation’s unemployment rate rose slightly to 3.9 percent last month, but that, too, was considered a positive sign, reflecting an increase in Americans beginning to look for work. And average hourly pay improved 3.2 percent from a year...
  • Breaking: 250,000 jobs created in October versus 200,000 expected (vanity)

    11/02/2018 5:35:42 AM PDT · by God luvs America · 22 replies
    11/2/2018 | Me
    unemployment remains the same but: wages growth increasing at 3.1% annually U6 at 7% i did not hear the job participation rate...
  • US industrial production climbed 0.3 percent in September

    10/16/2018 8:53:28 AM PDT · by Olog-hai · 3 replies
    Associated Press ^ | October 16, 2018 | Paul Wiseman
    U.S. industry expanded again in September despite the impact of Hurricane Florence. The Federal Reserve said Tuesday that industrial production, which includes output at factories, mines and utilities, rose 0.3 percent last month. It was the fourth straight increase. The Fed said that Florence reduced September output growth by less than 0.1 percentage points. Over the past year, industrial production rose 5.1 percent. The increase was slightly higher than economists had expected and offered more evidence that the U.S. economy is in good health. Overall economic growth reached 4.2 percent from April through June, fastest in nearly four years. The...
  • Jobless Claims Unexpectedly Plunge to New Post-1969 Record

    09/06/2018 7:49:30 AM PDT · by markomalley · 47 replies
    Big Government ^ | 9-6-18 | John Carney
    Jobless claims fell last week even further to a new post-1969 record of 203,000. This is the lowest level for initial claims for state unemployment benefits since December 6, 1969 when it was 202,000.
  • Dick’s Sporting Goods Sales Sink After New Gun Policy

    03/23/2018 7:30:16 AM PDT · by Behind Liberal Lines · 74 replies
    NATIONAL REVIEW ^ | March 22, 2018 8:24 AM | By MAIREAD MCARDLE
    Dick’s Sporting Goods has suffered a surprisingly steep downturn in sales since promising to sell fewer guns, but the problem isn’t the gun sales, Fortune says. Stock tumbled to the lowest in four months after the sports store banned assault-style weapons from its Field & Stream stores and raised the minimum age for a customer to buy a firearm from 18 to 21.... “There’s going to be some pushback and we expected that,” said CEO Edward Stack, in an earnings call with Wall Street analysts, according to CNN. “There are going to be the people who don’t shop us anymore...
  • Flu Season Getting Worse, As Illness Has 'Lot More Steam' Than Expected

    01/21/2018 4:27:01 PM PST · by blam · 103 replies
    Fox News ^ | 1-21-2018 | Travis Fedschun
    The flu season that's already been the worst in nearly a decade is showing no signs of slowing down anytime soon, according to the latest report released Friday from the nation's health protection agency. The Centers for Disease Control and Prevention said the flu that is blanketing every state except Hawaii is growing more intense and deadly. So far this season, the flu has claimed the lives of at least 30 children, according to the latest CDC report. "The peak of flu season is in February, so we have about a month for things to get worse," Dr. Manny Alvarez,...
  • ObamaCare's Popularity Is A Myth — Enrollee Satisfaction Craters To 22% As Exchanges Collapse

    03/03/2017 4:10:17 AM PST · by IBD editorial writer · 13 replies
    Investor's Business Daily ^ | 3/2/2017 | Staff
    Health Reform: The need for an overhaul of ObamaCare just got more acute, as a new survey shows that satisfaction rates among those enrolled in ObamaCare plans has taken a steep nose-dive this year amid premium hikes and reduced choices. The new coverage of ObamaCare these days has been all about protests against repeal and the alleged increase in public support for the law. But a survey of actual ObamaCare customers released this week paints an entirely different picture. It found that just 22% of the 44,200 ObamaCare enrollees polled rate their health plan as good to excellent. That's down...
  • Union: Baltimore City Police in ‘Crisis’ Due to Officer Shortage

    01/06/2017 8:42:59 AM PST · by george76 · 60 replies
    WJZ ^ | January 5, 2017 | Mike Hellgren
    Baltimore City’s Police Union is sounding the alarm because they say the department is in crisis due to the fact that it has too few officers. According to a new report, there are more than 100 fewer Baltimore City PD officers than last year, with the union saying this poses a safety concern as officers are being overworked. The police union president calls the situation “dire.” ... You don’t have enough police officers to patrol the streets safely protecting themselves, much less protecting the citizens of Baltimore,” said Lt. Ryan. Baltimore ended last year with the second highest number of...
  • Unemployment rate tumbles to 4.6%, lowest since August 2007 [#fakenews]

    12/02/2016 7:26:58 AM PST · by Olog-hai · 33 replies
    Yahoo Finance ^ | 12/02/2016 | Sam Ro
    In a stunning development, the Bureau of Labor Statistics just revealed that the US unemployment rate unexpectedly dropped to 4.6% in November. This is the lowest level since August 2007. Economists were expecting the rate to be unchanged from October’s 4.9%. “The trend in employment growth remains more than strong enough to keep the unemployment rate trending down,” Jim O’Sullivan, of High Frequency Economics, said. Some of this decline was due to the 446,000 Americans that dropped out of the labor force, which brought the labor force participation rate down to 62.7% during the month from 62.8% a month ago....
  • Black Lives Matter leader DeRay McKesson endorses Clinton

    10/26/2016 1:40:29 PM PDT · by 2ndDivisionVet · 31 replies
    Top Black Lives Matter activist DeRay McKesson on Wednesday endorsed Hillary Clinton for president. "Clinton’s platform on racial justice is strong: It is informed by the policy failings of the past and is a vision for where we need to go," McKesson wrote in a Washington Post op-ed. Clinton hosted a meeting with McKesson and other Black Lives Matter activists in the fall to discuss the Campaign Zero plan to end police violence....
  • Colin Powell says he’s voting for Hillary Clinton

    10/25/2016 1:24:17 PM PDT · by jazusamo · 160 replies
    The Washington Times ^ | October 25, 2016 | Jessica Chasmar
    Former Secretary of State Colin Powell said Tuesday that he plans to cast a vote for Democratic presidential nominee Hillary Clinton. The retired four-star general, who served as secretary of state under Republican President George W. Bush, made the announcement at the Long Island Association’s fall luncheon.
  • Existing-Home Sales Unexpectedly Fall In August To 5.33 Million Rate

    09/22/2016 7:43:13 AM PDT · by BenLurkin · 14 replies
    investors.com ^ | 09/22/2016 | ed carson
    Existing-home sales for August an annual rate fell o.9% to 5.33 million units, the National Association of Realtors said Thursday, as the supply of existing homes for sales fell 10% vs. a year earlier. Economists had expected a rate of 5.44 million. Sales fell significantly in July to a revised 5.38 million, but from a recovery high. ... Tuesday, the Commerce Department reported August housing starts fell more than expected. But a day earlier, the National Association of Home Builders said its builder sentiment gauge soared in September to match an 11-year high. Meanwhile, the Federal Reserve's decision to leave...
  • "Tremendous Ripple Effects" - Retailers Demand Bailout After Hanjin Collapse Paralyzes Trade

    09/05/2016 2:00:06 PM PDT · by Lorianne · 30 replies
    Zero Hedge ^ | 02 September 2016 | Tyler Durden
    When we first reported about the imminent paralysis of an unknown number of global supply chains and a potential shock in worldwide trade as a result of the historic bankruptcy of Hanjing Shipping, one of the world's largest container shipping companies which handles 8% of Trans-Pacific trade volume for the US market, we concluded that "the global implications from the bankruptcy are unknown: if, as expected, the company's ships remain "frozen" and inaccessible for weeks if not months, the impact on global supply chains will be devastating, potentially resulting in a cascading waterfall effect, whose impact on global economies could...
  • Eurozone economy 'losing momentum' as Germany falters

    09/05/2016 6:03:31 AM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Sep 5, 2016 5:29 AM EDT | Pan Pylas
    The 19-country eurozone lost some economic momentum in August, largely because of a slowdown in Germany, a closely watched survey showed Monday, days ahead of another possible stimulus package from the European Central Bank. Financial information company IHS Markit said its purchasing managers’ index — a broad gauge of economic activity — for the eurozone fell to a 19-month low of 52.9 points in August from 53.2 the previous month. The fall was unexpected as the initial estimate for August was 53.3. In spite of the fall, the eurozone is still growing, albeit sluggishly as anything above 50 indicates expansion....