Economy

U.S. Jobless Claims Reach 2nd Lowest Level Since 2000

In the week ending September 13, 2014, the advance figure for seasonally adjusted initial claims was 280,000, a decrease of 36,000 from the previous week's revised level, the U.S. Department of Labor reported. read more

Bloomberg: Fed Signals Rate Rise Still Distant

Bloomberg reported that Fed policy makers signaled they won’t be raising rates anytime soon while suggesting they would tighten credit at a faster pace once the liftoff has begun. read more

Beige Book: Loan Demand Rises in Eight Districts

According to the most recent Beige Book report, the 12 Federal Reserve districts indicated economic activity expanded since the previous report. The report also noted that loan demand rose in eight districts and held steady in one. read more

U.S. Economy Expands 4.2%, Up From Initial Estimate

Bloomberg reported GDP rose at a 4.2% annualized rate, up from an initial estimate of 4% and following a first-quarter contraction. read more

MAPI: Equipment Investment to Grow 5.7% in 2014

The forecast for inflation-adjusted investment in equipment is for growth of 5.7% in 2014, 8.3% in 2015, and 7.2% in 2016, according to a report from the MAPI Foundation. read more

Millennial Small Business Owners Most Optimistic

According to Capital One’s Q2 Spark Business Barometer, millennial small business owners are feeling the most positive about running and growing their business in today’s economy. read more

Fed ‘Increasingly Uncomfortable’ Keeping Rates Low

Bloomberg reported, citing minutes from the July FOMC meeting, Fed officials “were increasingly uncomfortable” with the committee’s forward guidance on keeping its benchmark rate low for a “considerable time.” read more

Non-Manufacturing: New Orders Index Highest Since 2005

According to the latest report on the non-manufacturing sector, the ISM’s measure of new orders among service providers surged in July to 64.9%, the highest reading for this index since August 2005. read more

Unemployment Rate Up on More Active Participation

The Labor Department said U.S. businesses added 209,000 jobs in July, bringing the total to 9.9 million since February 2010. The unemployment rate of 6.2%, slightly up from June, was largely due to an increase in labor force participation. read more

ISM: New Orders, Employment and Production Growing

The Institute for Supply Management’s factory index increased to 57.1, the highest since April 2011. Manufacturing was said to have risen for the 14th consecutive month with orders and production expanding at the fastest pace of the year. read more

Commerce Department: 4% Q2 GDP Growth Exceeds Expectations

The Commerce Department said in its advance estimate of Q2/14 economic growth that real GDP increased at an annual rate of 4.0%, exceeding market expectations of a 3.0% rise. read more

Jobless Claims Reach Lowest Level Since 2006

In the week ending July 19, 2014, the advance figure for jobless claims was 284,000, the lowest level for initial claims since February 18, 2006 when they were 283,000, the U.S. Department of Labor reported. read more

IMF: An Uneven Global Recovery Continues

The IMF said the global growth projection for 2014 has been marked down from 3.7% to 3.4% reflecting both the legacy of Q1/14, particularly in the U.S., and a less optimistic outlook for several emerging markets. read more

Beige Book: Manufacturing Activity Growing at ‘Robust Pace’

According to latest Fed Beige Book, manufacturing activity in the New York, Atlanta, Chicago, Minneapolis and San Francisco grew at a robust place. read more

Jobless Claims Fall to Lowest Since 2007

According to a recent report from the Labor Department, the four-week moving average for initial unemployment insurance claims was 2,571,250, the lowest level for this average since October 27, 2007. read more

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