Economy

U.S. Adds 222,000 Jobs in June, Unemployment Rate Remains at 4.4%

Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4% the U.S. Bureau of Labor Statistics reported. Employment increased in health care, social assistance, financial activities and mining. read more

ISM: Non-Manufacturing Sector Experiences Growth for 90th Straight Month

According to the latest report from the Institute for Supply Management, economic activity in the non-manufacturing sector grew in June for the 90th consecutive month. read more

ISM Report on Business: June Manufacturing PMI at 57.8%

Economic activity in the manufacturing sector expanded in June, and the overall economy grew for the 97th consecutive month, according to the latest Manufacturing ISM Report on Business. read more

Durable Goods Orders Down 1.1% in May

New orders for manufactured durable goods in May decreased $2.5 billion, or 1.1% to $228.2 billion, according to the U.S. Census Bureau. read more

Fed Raises Rates for the Second Time in 2017

The Federal Reserve raised the federal funds rate to a target range of 1% to 1.25%, marking the second increase in the rate in the last three months. read more

Economic Forecasts No Longer Considering Trump’s Infrastructure Plans

Bloomberg reported that despite increased fanfare surrounding President Donald Trump’s infrastructure proposal, economists are not expecting any real boost from that sector for the next couple of years. read more

ISM: Non-Manufacturing Growth Dips in May

According to the latest data from the Institute for Supply Management, economic activity in the non-manufacturing sector grew in May for the 89th consecutive month. read more

Manufacturing Sector Activity Expands in May, Prices Index Falls 8%

Economic activity in the manufacturing sector expanded in May, and the overall economy grew for the 96th consecutive month, according to the most recent report from the Institute for Supply Management. read more

Metrics Down in NACM’s Latest Report

According to the most recent data from the National Association of Credit Management, indicators for May were down, especially in the unfavorable categories. read more

Durable Good Orders Drop .7% After Four Consecutive Monthly Increases

The U.S. Census Bureau announced that manufactured durable goods decreased $1.6 billion, or 0.7%, to $231.2 billion in April. read more

Fed Waits on Interest Rate Hike Due to Q1/17 Economic Slowdown

Reuters reported that the Federal Reserve has decided to wait on increasing interest rates until it is certain the recent U.S. economic slowdown was temporary. read more

ISM Reports Economic Growth to Continue Throughout 2017

According to the Institute for Supply Management’s Spring 2017 semiannual economic forecast, economic growth is expected to continue in the U.S. throughout the remainder of 2017. read more

Wells Fargo: Small Business Optimism Holds Steady in Q2/17

Small business optimism held onto recent gains in Q2/17, according to the latest findings from the Wells Fargo/Gallup Small Business Index. read more

ISM: Manufacturing Sector Grows for 95th Consecutive Month

According to the most recent data from the Institute for Supply Management, economic activity in the manufacturing sector expanded in April, and the overall economy grew for the 95th consecutive month. read more

Non-Manufacturing Sector Experiences Strong Growth in April

According to the Institute for Supply Management’s non-manufacturing report on business, economic activity in the non-manufacturing sector grew in April for the 88th consecutive month. read more

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Terry Mulreany
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