US engine revs up
The administration is a good third of the way through a stimulus package that is indispensable to prevent growth from slowing down again
US downturn
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Pressure on Obama mounts after jobless rise
Rising US joblessness poses increasingly urgent political and policy challenges for US President Barack Obama
US shoppers still cautious in October
US chain retailers’ October sales data yesterday underlined shoppers’ cautious mood, with several mainstream retailers showing continuing comparable-sales falls at or below the depths plumbed after last year’s financial crash
US companies see productivity spurt
Corporate America achieved remarkable productivity gains in the third quarter, new data revealed, with output per hour worked up 9.5 per cent at an annualised rate, its fastest increase in six years
Impulse buying gives way to US frugality
Tights, sunglasses and boneless chickens have joined the list of casualties of America’s economic crisis, as the era of impulse shopping gives way to more wary behaviour in the nation’s grocery aisles.
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Angry Americans feel they are still in slump
For most Americans, the return to growth is a pure abstraction. Next week’s jobless numbers will be the more accurate reflection of the public’s mood, writes Edward Luce
Forecast of muted US revival in 2010
The likely shape of the US recovery remains an open question, with the central uncertainty being how vigorously private demand will expand as government props for growth begin to fade.
US weighs tax credit as jobless cure
Economists and policymakers are considering a targeted jobs tax credit to combat unemployment, which is projected to keep on rising for several months, peaking at around 10.3% in early 2010
The free market is not up to the job of creating work
The US may be looking at long-term, double-digit unemployment. Only massive programmes are equal to the challenge of restoring stable growth to our economy, writes Mort Zuckerman
The US economy is still struggling
Is the worst over? Some recent figures point that way, but for the moment, the emphasis needs to stay on caution not optimism
The united states of spending cuts
States will not change their perverse fiscal rules without Washington’s firm prompting. Further fiscal relief from Congress must be on an equal per-capita basis, so as not to reward past profligacy
American jobs data are worse than we think
The possibility of a very high and persistent unemployment rate is not, as yet, part of the mainstream US policy deliberations, writes Mohamed El-Erian
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