Manufacturing Production Increases by Most in 10 Months
U.S. factory production expanded in December by the most in 10 months, ending the year stronger than expected thanks to a surge in motor-vehicle output and gains across a range of other goods.
Missing Data During Shutdown Complicates Consumer Spending Reports
The U.S. growth outlook hangs more than ever on American consumers’ resilience amid stock market swoons and trade-war tensions, but key data on their spending — the biggest part of the economy — will be missing due to the government shutdown.
Core Producer Prices Decline for First Time in a Year
A key measure of U.S. producer prices unexpectedly fell in December and the overall gauge declined more than forecast amid lower oil prices, signaling potential inflation pressures in the economy are contained.
Jobless Claims Fall to Four-Week Low in Tight Labor Market
U.S. filings for unemployment benefits fell to a four-week low even amid a partial federal government shutdown, showing healthy demand for workers at the start of the year.
Payrolls Rise 312,000 as Wage Gains Exceed Forecasts
U.S. employers added the most workers in 10 months as wage gains accelerated and labor-force participation jumped, reflecting a robust job market that nevertheless faces mounting risks in 2019.
Firms Hired Most Workers Since Early 2017, ADP Research Says
Companies added the most workers in almost two years to U.S. payrolls in December, exceeding forecasts and signaling that the job market was solid as 2018 came to an end.
Jobless Claims Fall to 216,000, Showing Tight Labor Market
U.S. filings for unemployment benefits decreased for the third time in four weeks, hovering near an almost five-decade low that reflects a robust job market.
Consumer Spending Tops Forecasts as Inflation Data Mixed
U.S. consumer spending rose more than forecast in November and the prior month was revised higher, a sign the biggest part of the economy is again poised to drive growth this quarter. An underlying inflation gauge watched by the Federal Reserve showed a slight pickup.
Housing Starts Top Forecasts; Permits Rise
U.S. new-home construction rebounded in November to the best pace since August while permits rose to a seven-month high, a sign homebuilding is potentially stabilizing even as higher prices and borrowing costs pose headwinds.
Homebuilder Sentiment Tumbles to Weakest in Three Years
Sentiment among U.S. homebuilders fell in December to the lowest level since 2015, missing all forecasts and signaling that the industry’s struggles are intensifying amid elevated prices and higher borrowing costs.