latest world business news

American economy experiences strong position in its key indicators exposed recently. Among this, one of the major indicator is amount of applications for unemployment benefits in the United States of America which dropped last week to the second-lowest level this year, fresh evidence that companies are cutting fewer jobs. First-time claims for jobless aid fell by 17,000 to a seasonally-adjusted 421,000 in the week ending Dec. 4, the Labor Department of USA said Thursday. The four-week average of claims, a less-volatile measure, dropped for the fifth straight week to 427,500. That's the lowest since August 2008, just before the financial crisis intensified with the collapse of Lehman Brothers. Separately, the Commerce Department said businesses boosted wholesale inventories for the tenth straight month in October and sales rose by the largest amount in seven months. Strong demand from businesses restocking depleted store shelves has helped the economy grow after the recession ...

The U.S. economy is going ahead on its path of growth in the third quarter with some positive indicators compare to the previous quarter, according to the government's initial reading published on October 29, 2010. The fear of double-dip recession in the U.S. economy has been over as depicted in the recent data which shows better growth and more household spending in the economy.   Gross domestic product (GDP), the broadest measure of the economy, grew at an annual rate of 2% in the three months ended in September 2010. While that's slightly better than 1.7% growth in the previous quarter, it is still considered too weak to create jobs. "The U.S. economic recovery is still stuck in second gear," said Paul Ashworth, senior U.S. economist for Capital Economics in a note Friday. "The economy isn't growing rapidly enough to reduce the unemployment rate,” he added. The average growth rate during U.S. economic expansions over the last 30 years is 3.6%, and...