Manufacturing Contracts for First Time in Six Months
Manufacturing in the U.S. unexpectedly contracted in August for the first time in six months, amid slumping orders and production that raise concern of renewed industrial weakness.
Consumer Comfort Falls From Highest Level Since April 2015
American consumer sentiment reversed course last week after climbing to the highest level since April 2015, weighed down by less favorable views of the economy, the buying climate and household finances, the weekly Bloomberg News Consumer Comfort Index showed Sept. 1.
Companies Added 177,000 Employees in August, ADP Says
Companies added workers to U.S. payrolls in August in line with projections, contributing to signs of a steady labor market, data from ADP Research Institute in Roseland, New Jersey, showed Aug. 31.
Consumer Spending Advances for Fourth Consecutive Month
Consumer spending advanced for a fourth straight month in July, bolstered by stronger income gains, sending the biggest part of the U.S. economy to a solid third-quarter start, Commerce Department figures showed Aug. 29 in Washington.
Weekly Jobless Claims Numbers Indicate Job Market Remains Healthy
Fewer Americans than forecast filed applications for unemployment benefits in the week ended Aug. 13, indicating the U.S. job market remains healthy.
Consumer Prices Unchanged in July as Fuel Costs Ease
The U.S. cost of living was little changed in July, a sign subdued inflationary pressures will give Federal Reserve policymakers reason to keep interest rates low.
Jobless Claims Signal Firings Remain Historically Low
The number of Americans filing applications for unemployment benefits rose the week ended July 30 to a level that still underscores health in the labor market.
Growth at Services Cools From a Seven-Month High
Growth at U.S. service providers cooled in July after reaching a seven-month high, consistent with more measured progress in the economy.
Consumer Spending Rose 0.4% for a Second Month in June
Consumer purchases climbed a bit more than anticipated in June, exceeding a gain in incomes that prompted American households to tap into savings.
Economy Grew Less-Than-Forecast 1.2% in Second Quarter
The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.