US economic growth rose in January to its best in more than two years, fueled by gains in manufacturing, retail and construction.The unemployment rate ticked down to 5.3% from 5.5%, the Commerce Department said on Thursday, while the unemployment rate for Americans aged 16 to 64 fell to 7.9% from 8.4%.Economists polled by Reuters had […]
Tag: january economic news
The ‘totally’ new American economy in a month: What we learned from January
Jan. 14 marks the first full business day since the global financial crisis and an economic recovery that has largely stalled amid high unemployment.But the most dramatic economic development in a single month in decades occurred in January, with an economy that was still recovering from the depths of the Great Recession but now appears […]