Factory activity rises to near a 3-year high in June, construction spending unchanged in May

U.S. factories expanded at a robust pace in June, a likely sign of strength for the U.S. economy as new orders, production and employment each improved. The Institute for Supply Management says its manufacturing index rose to 57.8 last month from 54.9 in May. Anything...

Forget the Dow—the real measures of growth are making me ‘a lot more bearish,’ ex-Obama aide says

The unemployment rate is at a 16-year low and major stock indexes are scraping the heavens — but former Labor Secretary Seth Harris says he has reason to doubt the strength of the job market. “To me the big number is always wages, real wages,” said...