Shobhana Chandra
Washington Post
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Past articles by Shobhana:
U.S. Companies Added 213,000 Workers in January, ADP Data Show
Companies added more workers than forecast to U.S. payrolls in January, signaling a healthy start to the year for the job market despite the partial government shutdown. → Read More
What U.S. Government Shutdown Means for Economic Data
Economic data is becoming an increasingly noticeable casualty of the partial U.S. government shutdown. The government offices that are closed include the Commerce Department, one of the most prolific producers of reports followed by economists, businesses and investors. Delayed reports, and any long-term data distortions caused by this blackout period, will make it hard to assess the health of… → Read More
Firms in U.S. Hired Most Workers Since Early 2017, ADP Says
Companies added the most workers in almost two years to U.S. payrolls in December, exceeding forecasts and signaling that the job market was solid as 2018 came to an end. → Read More
U.S. Trade Gap Widens to 10-Year High Amid China Tensions
The U.S. trade deficit widened more than forecast in October to the highest in a decade, underscoring continued fallout from the trade dispute with China. The goods trade gap with China widened to a record. The gap increased 1.7 percent to $55.5 billion, from a revised$54. → Read More
U.S. Claims for Unemployment Benefits Rise to Four-Month High
Bloomberg Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. → Read More
Companies in U.S. Add More Workers Than Forecast, ADP Data Show
Companies in October added the highest number of workers in eight months to U.S. payrolls, topping estimates and signaling the job market remains solid, according to data released Wednesday from the ADP Research Institute in Roseland, New Jersey. → Read More
U.S. GDP Grows Above-Forecast 3.5% on Consumption, Inventories
The U.S. economy expanded at a 3.5 percent pacein the third quarter as consumers opened their wallets,businesses restocked inventories and governments boostedspending, marking the strongest back-to-back quarters of growthsince 2014. → Read More
U.S. New-Home Sales Tumble to Lowest in Almost Two Years
U.S. purchases of new homes fell more than estimated in September to the weakest pace since December 2016, adding to signs that a lack of affordability is crimping demand, according to government data Wednesday. → Read More
U.S. Retail Sales Miss Forecasts as Restaurant Receipts Drop
U.S. retail sales rose less than forecast in September, as a broad-based increase was overshadowed by a drop in restaurant receipts that may reflect the impact of Hurricane Florence.The value of overall sales rose 0.1 percent for a second month, compared with the median forecast of economists for a 0.6 percent gain, Commerce Department figures showed Monday. → Read More
U.S. Payrolls and Wages Cool While Jobless Rate Hits 48-Year Low
U.S. hiring cooled in September by more than forecast, wage gains eased slightly and the jobless rate fell to a 48-year low, illustrating a tight labor market as well as the impact of Hurricane Florence. → Read More
U.S Jobless Data: Jobless Claims Surge in Storm-Hit Carolinas, Boosting U.S. Total
Filings for U.S. unemployment benefits rose last week, reflecting jumps in states hit by Hurricane Florence,though the national figure remains near the lowest in almost five decades, Labor Department figures showed Thursday. Highlights of Jobless Claims (Week Ended Sept. → Read More
U.S. Jobless Claims: U.S. Jobless Claims Fall For Third Straight Week To 48-Year Low
U.S. filings for unemployment benefits unexpectedly fell for a third straight week to a new 48-year low, indicating a tight job market, Labor Department figures showed Thursday. → Read More
Employee Pay Rise: World’s Richest Economies Enjoy Biggest Pay Raise in a Decade
(Bloomberg) -- Workers in the world’s richest countries are getting their biggest pay bump in a decade, a step toward solving a labor market puzzle that’s unnerving central bankers. As shrinking unemployment in the U.S. → Read More
U.S. Heads for Best Growth Since 2005 on Robust Domestic Demand
The U.S. economy looks set to forge ahead as fresh reservoirs of domestic demand carry it past turbulence overseas, keeping the Federal Reserve on course for further interest-rate hikes. → Read More
U.S. Trade Deficit Widened in June for First Time in Four Months
The U.S. trade deficit grew in June for the first time in four months as imports increased and the value of shipments overseas declined against a backdrop of escalating tensions with America’s trading partners. → Read More
Little Change in Jobless Claims Signals Strong U.S. Labor Market
Filings for U.S. unemployment benefits were little changed last week, hovering close to a five-decade low that underscores a tight job market, Labor Department figures showed Thursday → Read More
The U.S. Housing Market Looks Headed For Its Worst Slowdown In Years
They were fed up with Seattle’s home bidding wars. They were only in their late 20s but had already lost two battles and were ready to renew with their landlord. Then, in May, their agent called. → Read More
Manufacturing Output in U.S. Rises by Most in Four Months
U.S. factory production rebounded in June by the most in four months as the industry regained its footing after a fire-related disruption at an auto parts supplier, Federal Reserve data showed Tuesday. → Read More
U.S. Producer Prices Rise From Year Ago by Most Since 2011
U.S. wholesale prices rose in the 12 months ended in June by the most since November 2011 as the costs of services accelerated, a Labor Department report showed Wednesday in Washington. → Read More
A Record Number of Americans Are Quitting Their Jobs
(Bloomberg) -- Americans' confidence in employment prospects is soaring as the labor market tightens. The latest proof: A record number are voluntarily quitting to seek better jobs. Some 3.56 million workers left positions in May, the most in data back to 2000, and up from the prior month's 3.35 million, Labor Department data showed Tuesday. That pushed up the quits rate, which measures quitters… → Read More