Make us your home page
Instagram

U.S. economy slightly healthier, Fed says

American consumers spent their money in November at the slowest rate in five months, as sales at U.S. retailers increased a seasonally adjusted 0.2 percent in November, the Commerce Department reported. Excluding the volatile automobile sector, sales also rose 0.2 percent. The biggest winners in November were electronics retailers, whose sales jumped 2.1 percent as consumers snapped up new mobile phones, tablet computers, electronic-book readers and high-definition televisions.

RETAIL SALES

American consumers spent their money in November at the slowest rate in five months, as sales at U.S. retailers increased a seasonally adjusted 0.2 percent in November, the Commerce Department reported. Excluding the volatile automobile sector, sales also rose 0.2 percent. The biggest winners in November were electronics retailers, whose sales jumped 2.1 percent as consumers snapped up new mobile phones, tablet computers, electronic-book readers and high-definition televisions.

The Federal Reserve on Tuesday portrayed the U.S. economy as slightly healthier and held off on any new steps to boost the economy. Hiring is picking up and consumers are spending more despite slower growth globally, the Fed said in its latest policy statement. Fed officials cautioned that unemployment remains high and warned of strains in global financial markets that pose a threat to the world's economy — a reference to Europe's debt crisis. Other economic reports released Tuesday confirmed the Fed's statements, showing some improvements mixed with continued struggles. — Times wires

U.S. economy slightly healthier, Fed says 12/13/11 [Last modified: Tuesday, December 13, 2011 10:43pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. The Iron Yard coding academy to close in St. Petersburg

    Business

    ST. PETERSBURG — The Iron Yard, a code-writing academy with a location in downtown St. Petersburg, will close for good this summer.

    Instructors (from left) Mark Dewey, Jason Perry, and Gavin Stark greet the audience at The Iron Yard, 260 1st Ave. S, in St. Petersburg during "Demo Day" Friday, Oct. 7, 2016, at The Iron Yard, which is an immersive code school that is part of a trend of trying to address the shortage of programmers.  The academy is closing this summer.  [LARA CERRI   |   Times]
  2. Florida's unemployment rate drops for fourth straight month

    Markets

    How low can Florida's unemployment go? Pretty low, according to the state's latest unemployment numbers. The Sunshine State's unemployment rate dropped to 4.1 percent for June, down from 4.3 percent in May, state officials said Friday morning.

    Florida's unemployment level dropped to 4.1 percent in June from 4.3 percent in May. |  [Times file photo]
  3. Is sinkhole damage sinking Tampa Bay property values?

    Real Estate

    On a scale of desirability, the house for sale on Whittner Drive in Land O' Lakes would rank fairly low. It's a short sale; it sits on an unstabilized sinkhole and it's within a few miles of two houses that collapsed into a gargantuan hole July 16.

    A gated community in Hernando's Spring Hill area, Pristine Place has long been susceptible to sinkholes with nearly a third of its houses with documented sinkhole damage by 2012. Today, however, many houses with repaired sinkhole damage are selling for more than houses without any issues. [WILL VRAGOVIC   |   Times file photo]
  4. The real estate pros in charge of Tampa's $3 billion makeover are younger than you think

    Working Life

    TAMPA — Brooke May, a 36-year-old senior construction project manager, knew she wanted to work for Strategic Property Partners the minute she met some team members involved with the group's massive downtown Tampa makeover.

    Matt Davis, Vice President of Development posed for a portrait in the Strategic Property Partners office in Channelside on July 12, 2017, in Tampa, Fla. [MONICA HERNDON   |   Times]
  5. St. Pete Beach may loosen beach drinking rules for hotel guests

    Local Government

    ST. PETE BEACH — Drinking a beer, a cocktail or a glass of wine may soon be legal on this city's beaches, but only for hotel guests in and around their hotel's beachfront cabanas.

    Registered hotel guests would be able to drink alcoholic beverages at their cabanas on the beach under a new rule the St. Pete Beach City Commission is considering.