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May 2014 U.S. Economic Fundamentals

Ally

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News articles for May 2014.
 

Ally

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U.S. firm buys BlackBerry's Canadian real estate





Waterloo, Ontario-based BlackBerry announced in March it had reached an agreement to sell the vast majority of its real estate holdings, as part of a plan outlined earlier this year to strengthen its balance sheet. At the time, BlackBerry did not disclose the name of the buyer or terms of the deal.





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Young and unwilling to relocate





Ryan Yang could have taken a job in a New Jersey DNA sequencing laboratory after graduating from college last year. Instead, the 23-year-old lives with his family in Queens, New York, still unemployed and searching.





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Applications for U.S. unemployment benefits fall to 297,000, lowest level in 7 years





WASHINGTON - The number of people seeking U.S. unemployment benefits fell to the lowest level in seven years last week, a sign the job market is steadily improving.





Weekly unemployment benefit applications dropped 24,000 to 297,000, the Labor Department said Thursday. That's the fewest since May 12, 2007. The four week average, a less volatile measure, dipped 2,000 to 323,250.





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Ally

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U.S. housing construction costs





U.S home construction surged in April to its highest pace in six months.





However, most of that increase came from the volatile apartment sector, which suggests Americans may be struggling to buy single-family homes.





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Ally

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U.S. business closures outnumber startups





Where has America's entrepreneurial mojo gone?





Startups of new businesses, which are historically the key source of new jobs, are at their lowest point in 30 years. They're occurring so sparingly that U.S. businesses are now dying faster than they're being born.





The news is "shockingly bad" and "starting to look like a death spiral," political blogger and small business advocate Jean Card said on U.S. News' Thomas Jefferson Street Blog.





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Ally

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Signs of a suburban comeback





The long tug of war between big cities and suburbs is tilting ever so slightly back to the land of lawns and malls. After two years of solid urban growth, more Americans are moving again to suburbs and beyond.





Fourteen of the nation's 20 biggest cities saw their growth slow or their populations fall outright in 2012-2013 compared with 2011-2012, led by cities such as Detroit and Philadelphia, according to data released Thursday by the U.S. Census Bureau.





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