Economy - The Salt Lake Tribune http://www.sltrib.com/cat/Economy Stories from The Salt Lake Tribune &copy; 2014 The Associated Press, The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our privacy policy: http://www.sltrib.com/pages/privacy. en-us webmaster@sltrib.com (Webmaster) Why global turmoil hasn’t sunk US markets. Yet. http://www.sltrib.com/sltrib/money/58303737-79/percent-economy-nearly-global.html.csp New York • Europe appears on the brink of another recession. Islamic militants have seized Iraqi territory. Russian troops have massed on the Ukraine border, and the resulting sanctions are disrupting trade. An Ebola outbreak in Africa and Israel’s war in Gaza are contributing to the gloom. It’s been a grim summer in much of the world. Yet investors in the United States have largely shrugged it off — so far at least. A big reason is that five years after the Great Recession officially ended, the... New York • Europe appears on the brink of another recession. Islamic militants have seized Iraqi territory. Russian troops have massed on the Ukraine border, and the resulting sanctions are disrupting trade. An Ebola outbreak in Africa and Israel’s war in Gaza are contributing to the gloom. It’s been a grim summer in much of the world. Yet investors in the United States have largely shrugged it off — so far at least. A big reason is that five years after the Great Recession officially ended, the... <img src="http://mngislctrib.112.2O7.net/b/ss/mngislctrib/1/H.17--NS/0?&pageName=RSS" height="1" width="1" border="0" alt=""/> 58303737@www.sltrib.com Sat, 16 Aug 2014 11:08:02 MDT U.S. productivity recovers after steep 1Q fall http://www.sltrib.com/sltrib/money/58275907-79/percent-productivity-labor-quarter.html.csp U.S. workers were more productive in the April-June quarter and labor costs rose slightly, a sharp turnaround from grim first-quarter figures. The Labor Department said Friday that productivity increased 2.5 percent at a seasonally adjusted annual rate, after plummeting 4.5 percent in the first quarter. That was the steepest drop in 31 years, and reflected a sharp 2.1 percent contraction in the economy. Economists blamed most of that shrinkage on temporary factors, such as harsh weather and a cu... U.S. workers were more productive in the April-June quarter and labor costs rose slightly, a sharp turnaround from grim first-quarter figures. The Labor Department said Friday that productivity increased 2.5 percent at a seasonally adjusted annual rate, after plummeting 4.5 percent in the first quarter. That was the steepest drop in 31 years, and reflected a sharp 2.1 percent contraction in the economy. Economists blamed most of that shrinkage on temporary factors, such as harsh weather and a cu... 58275907@www.sltrib.com Fri, 08 Aug 2014 10:55:02 MDT US wholesale inventories rise 0.3 percent in June http://www.sltrib.com/sltrib/money/58275902-79/percent-inventories-growth-inventory.html.csp U.S. wholesalers restocked their warehouses at a modest pace in June for a second straight month, a sign they may anticipate slower growth ahead. The Commerce Department said Friday that wholesale inventories rose 0.3 percent, the same as the previous month. May’s inventory gain was revised down from 0.5 percent. The slowdown in restocking likely reflects weaker wholesale sales. Sales grew just 0.2 percent in June, down from 0.7 percent in May. In June, companies boosted their stockpiles of furn... U.S. wholesalers restocked their warehouses at a modest pace in June for a second straight month, a sign they may anticipate slower growth ahead. The Commerce Department said Friday that wholesale inventories rose 0.3 percent, the same as the previous month. May’s inventory gain was revised down from 0.5 percent. The slowdown in restocking likely reflects weaker wholesale sales. Sales grew just 0.2 percent in June, down from 0.7 percent in May. In June, companies boosted their stockpiles of furn... 58275902@www.sltrib.com Fri, 08 Aug 2014 10:54:02 MDT U.S. factory orders rise 1.1 percent in June http://www.sltrib.com/sltrib/money/58263087-79/percent-orders-june-factory.html.csp Washington • Orders to U.S. factories increased in June, led by demand for aircraft, industrial machinery and computers and electronics. Orders rose a seasonally adjusted 1.1 percent compared to the previous month, the Commerce Department reported Tuesday. Factory orders had fallen 0.6 percent in May after three straight months of gains. An 8.4 percent jump in demand for commercial aircraft fueled the latest gains. But there were additional increases outside this volatile category that point to ... Washington • Orders to U.S. factories increased in June, led by demand for aircraft, industrial machinery and computers and electronics. Orders rose a seasonally adjusted 1.1 percent compared to the previous month, the Commerce Department reported Tuesday. Factory orders had fallen 0.6 percent in May after three straight months of gains. An 8.4 percent jump in demand for commercial aircraft fueled the latest gains. But there were additional increases outside this volatile category that point to ... 58263087@www.sltrib.com Tue, 05 Aug 2014 10:03:02 MDT U.S. services firms grow at fastest pace in 8 years http://www.sltrib.com/sltrib/money/58263054-79/services-firms-fastest-hiring.html.csp Washington • U.S. services firms grew at the fastest rate in more than eight years in July, the latest sign of an economy picking up speed in the second half of the year. The Institute for Supply Management said Tuesday that its service-sector index jumped to 58.7, up from 56 in June. Any figure above 50 indicates expansion. June’s reading is the highest since December 2005. The ISM is a trade group of purchasing managers. The services survey covers businesses that employ 90 percent of the workf... Washington • U.S. services firms grew at the fastest rate in more than eight years in July, the latest sign of an economy picking up speed in the second half of the year. The Institute for Supply Management said Tuesday that its service-sector index jumped to 58.7, up from 56 in June. Any figure above 50 indicates expansion. June’s reading is the highest since December 2005. The ISM is a trade group of purchasing managers. The services survey covers businesses that employ 90 percent of the workf... 58263054@www.sltrib.com Tue, 05 Aug 2014 09:57:02 MDT U.S. consumer sentiment edges down to 81.8 in July http://www.sltrib.com/sltrib/money/58250692-79/consumer-july-index-sentiment.html.csp Washington • A measure of U.S. consumer confidence slipped in July although it remained at levels signaling further gains in consumer spending. The University of Michigan said Friday that its index of consumer sentiment edged down to 81.8 in July from 82.3 in June. The index of consumers’ assessment of current conditions rose but the index for expectations dipped slightly from the June reading. Survey director Richard Curtin said that consumers have yet to interpret the recent gains in jobs and ... Washington • A measure of U.S. consumer confidence slipped in July although it remained at levels signaling further gains in consumer spending. The University of Michigan said Friday that its index of consumer sentiment edged down to 81.8 in July from 82.3 in June. The index of consumers’ assessment of current conditions rose but the index for expectations dipped slightly from the June reading. Survey director Richard Curtin said that consumers have yet to interpret the recent gains in jobs and ... 58250692@www.sltrib.com Fri, 01 Aug 2014 10:54:02 MDT U.S.consumer spending up 0.4 percent in June http://www.sltrib.com/sltrib/money/58250387-79/percent-spending-rate-june.html.csp Washington • U.S. consumer spending rose at the fastest pace in three months in June, providing momentum for the economy going into the second half of the year. Consumer spending increased 0.4 percent in June on a seasonally adjusted basis following slower increases of 0.3 percent in May and 0.1 percent in April, the Commerce Department said Friday. That was the best showing since a 0.8 percent surge in spending in March, which reflected a rebound after a harsh winter had kept consumers from the... Washington • U.S. consumer spending rose at the fastest pace in three months in June, providing momentum for the economy going into the second half of the year. Consumer spending increased 0.4 percent in June on a seasonally adjusted basis following slower increases of 0.3 percent in May and 0.1 percent in April, the Commerce Department said Friday. That was the best showing since a 0.8 percent surge in spending in March, which reflected a rebound after a harsh winter had kept consumers from the... 58250387@www.sltrib.com Fri, 01 Aug 2014 09:10:01 MDT U.S. employers add 209,000 jobs, rate rises to 6.2 pct. http://www.sltrib.com/sltrib/money/58250382-79/july-percent-months-economy.html.csp Washington • U.S. employers extended their solid hiring into July by adding 209,000 jobs. It was the sixth straight month of job growth above 200,000, evidence that businesses are gradually shedding the caution that had marked the 5-year-old recovery. July’s gain was less than in the previous three months, though, and probably wasn’t strong enough to intensify fears that the Federal Reserve will soon raise interest rates to curb inflation. But the Labor Department’s monthly jobs report Friday po... Washington • U.S. employers extended their solid hiring into July by adding 209,000 jobs. It was the sixth straight month of job growth above 200,000, evidence that businesses are gradually shedding the caution that had marked the 5-year-old recovery. July’s gain was less than in the previous three months, though, and probably wasn’t strong enough to intensify fears that the Federal Reserve will soon raise interest rates to curb inflation. But the Labor Department’s monthly jobs report Friday po... 58250382@www.sltrib.com Fri, 01 Aug 2014 09:08:06 MDT U.S. manufacturing expands again in July http://www.sltrib.com/sltrib/money/58250332-79/manufacturing-july-month-expands.html.csp Washington • U.S. manufacturing expanded for the 14th straight month in July. The Institute for Supply Management, a trade group of purchasing managers, reports that its manufacturing index rose to 57.1, up from 55.3 in June. Anything above 50 signals that manufacturing is growing. New orders, production and employment at factories rose. Exports declined last month. The U.S. economy has been showing renewed strength. Economic growth clocked in an impressive 4 percent annual pace from April throu... Washington • U.S. manufacturing expanded for the 14th straight month in July. The Institute for Supply Management, a trade group of purchasing managers, reports that its manufacturing index rose to 57.1, up from 55.3 in June. Anything above 50 signals that manufacturing is growing. New orders, production and employment at factories rose. Exports declined last month. The U.S. economy has been showing renewed strength. Economic growth clocked in an impressive 4 percent annual pace from April throu... 58250332@www.sltrib.com Fri, 01 Aug 2014 08:57:02 MDT Construction spending falls 1.8 percent in June http://www.sltrib.com/sltrib/money/58250313-79/percent-construction-spending-government.html.csp Washington • U.S. construction spending fell in June by the largest amount in more than three years as housing, non-residential construction and government spending all weakened. Construction spending dropped 1.8 percent in June on a seasonally adjusted basis after rising by a revised 0.8 percent in May, the Commerce Department reported Friday. It was the biggest setback since a 2.8 percent fall in January 2011. The weakness was widespread with spending on housing down for a second straight mont... Washington • U.S. construction spending fell in June by the largest amount in more than three years as housing, non-residential construction and government spending all weakened. Construction spending dropped 1.8 percent in June on a seasonally adjusted basis after rising by a revised 0.8 percent in May, the Commerce Department reported Friday. It was the biggest setback since a 2.8 percent fall in January 2011. The weakness was widespread with spending on housing down for a second straight mont... 58250313@www.sltrib.com Fri, 01 Aug 2014 08:50:20 MDT As U.S. job market strengthens, many don’t feel it http://www.sltrib.com/sltrib/money/58246143-79/percent-jobs-economy-recession.html.csp Washington • The U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent. And the July jobs report being released Friday will likely show a sixth straight month of healthy 200,000-plus gains. Yet for Douglas Hunter and millions like him, happy days aren’t quite here again. Hunter earned $14 an hour cleaning oil drums before the Great Recession seized the economy and his job was axed. At 53, Hunter now works three days a week for $9.25 an hour, mopping fl... Washington • The U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent. And the July jobs report being released Friday will likely show a sixth straight month of healthy 200,000-plus gains. Yet for Douglas Hunter and millions like him, happy days aren’t quite here again. Hunter earned $14 an hour cleaning oil drums before the Great Recession seized the economy and his job was axed. At 53, Hunter now works three days a week for $9.25 an hour, mopping fl... 58246143@www.sltrib.com Thu, 31 Jul 2014 09:55:01 MDT