US Payroll Data Likely to See Largest Revision Since 2009
U.S. job growth was probably far less robust in the year through March than previously reported, according to government data out Aug. 21.
US Labor Cooldown May Have Started Earlier Than Thought
U.S. job growth in 2024 through March was likely less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling behind on interest rate cuts.
Factory Orders Tick Up in January
Orders placed with factories for business equipment barely rose in January after falling the prior month, suggesting firms are restraining their investment amid an uncertain outlook.
Inflation Tops Forecasts in Blow to Fed Rate-Cut Hopes
U.S. consumer prices jumped at the start of the year, stalling recent disinflation progress and likely delaying any Federal Reserve interest-rate cuts.
Factory Gauge Contracts at Slowest Pace in Nearly a Year
A measure of U.S. factory activity contracted in September by the least in nearly a year, offering hope that the worst may be over for the nation’s producers.
Service Industry Expands Modestly as Activity Cools
The U.S. service sector expanded only modestly in April according to the Institute for Supply Management, restrained by the weakest pace of business activity in nearly three years.
Factory Activity Contracts for a Sixth Month in April
U.S. factory activity contracted for a sixth-straight month in April, the longest such stretch since 2009 and a sign of lingering malaise in manufacturing.
Business Activity Unexpectedly Jumps
U.S. business activity unexpectedly climbed this month to nearly a one-year high, bolstered by stronger services and manufacturing that threatens to reignite inflationary pressures.
Imports Surge Led to Record Trade Gap in 2022
The U.S. trade deficit widened to a record last year on a surge in imports as American companies scrambled early on to ensure they had enough merchandise on hand to meet demand.
Business Activity Shrinks Again in Moderate Contraction
U.S. business activity contracted for a seventh month, though at a more moderate pace, while a measure of input prices firmed in a sign of lingering inflationary pressures.