Economy News

Mexico GDP grows 2.8 percent in 2nd quarter

AP - 31 minutes ago

MEXICO CITY - Mexico's economy expanded 2.8 percent in the second quarter, up slightly over 2.6 percent growth in the first three months of the year.

  • In this July 30, 2008 file photo, jobs brochures are seen on display at a state unemployment office in Sunnyvale, Calif. The government says Thursday, Aug. 21, 2008, the number of newly laid-off workers seeking unemployment benefits fell more than expected last week, the second straight weekly drop from a six-year high. (AP Photo/Paul Sakuma, file)
    Jobless claims fall for second straight week AP - Thu Aug 21, 9:09 AM ET

    WASHINGTON - The number of newly laid-off workers seeking unemployment benefits fell more than expected last week, the second straight drop from a six-year high, according to government data released Thursday.

  • Japan's trade surplus falls 86.6 percent in July AP - Wed Aug 20, 10:05 PM ET

    TOKYO - Japan's trade surplus in July fell 86.6 percent from a year earlier as spending on imports grew because of higher prices for oil and other commodities, the government said Thursday.

  • Labor Dept: Fewer workers killed on job in 2007 AP - Wed Aug 20, 12:07 PM ET

    WASHINGTON - The number of workers killed on the job annually dropped to a historic low in 2007, the Bureau of Labor Statistics announced Wednesday.

  • People shop for canned food at the San Francisco Food Bank in June 2008 in San Francisco. US wholesale prices have spiked by their largest margin in 27 years in the year to July as inflationary pressures continue to buffet the world's largest economy, a government survey showed.(AFP/Getty Images/File/Justin Sullivan)
    Wholesale prices rising at fastest pace since 1981 AP - Tue Aug 19, 1:26 PM ET

    WASHINGTON - Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years, according to government data released Tuesday.

  • An unidentified worker toils on a new home under construction in south Denver on Sunday, Aug. 17, 2008. Construction of homes and apartments fell in July to the lowest level in more than 17 years, the government reported Tuesday. (AP Photo/David Zalubowski)
    Housing starts dip to lowest level since March '91 AP - Tue Aug 19, 9:13 AM ET

    WASHINGTON - Construction of homes and apartments fell in July to the lowest level in more than 17 years, the government reported Tuesday.

  • AP - Fri Aug 15, 9:15 AM ET

    WASHINGTON - July industrial output rose by a better-than-expected 0.2 percent, utilities output falls.

  • Pedestrians walk past a giant euro logo in front of the European Central Bank (ECB) in Frankfurt, western Germany, Europe has swung towards recession, with the eurozone economy shrinking for the first time and inflation hovering at a record high as the sharp global downturn takes hold, new figures showed Thursday.(AFP/DDP/File/Torsten Silz)
    EU: Euro economy shrinks in second quarter AP - Thu Aug 14, 6:50 AM ET

    BRUSSELS, Belgium - Euro-zone growth braked sharply in the second quarter as major economies Germany, France and Italy shrank, EU statistics showed Thursday, with high fuel and food prices holding back consumer spending.

  • Business inventories post 0.7 percent increase AP - Wed Aug 13, 10:04 AM ET

    WASHINGTON - Government data show businesses added to their inventories in June at the fastest pace in five months, a bigger gain than had been expected.

  • Japan's economy shrinks in second quarter AP - Wed Aug 13, 12:53 AM ET

    TOKYO - Japan's economy shrank in the second quarter, the government said Wednesday, as slowing exports and waning consumer demand pushed the world's No. 2 economy to the brink of recession.