Economy

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

FOMC: Rates to Stay Low; GDP to Grow Faster in H2

A read of the minutes from the FOMC meeting in June reveal the Fed is expected to keep the fed funds rate below levels the Committee views as normal in the long run. The Committee also projected that GDP will expand at a faster pace in H2/14. read more

ISM: Construction Industry ‘Extremely Strong’

The latest Non-Manufacturing ISM Report showed economic activity in the non-manufacturing sector grew in June for the 53rd consecutive month. The report notes the construction industry is extremely strong and business conditions look positive going forward. read more

Bloomberg: Interest Rate Forecast Brought Forward

Bloomberg reported that Goldman Sachs brought forward its forecast for the Fed to raise interest rates in the third quarter of 2015, rather than the first three months of 2016. read more

Economy Adds 288K Jobs in June; Unemployment Drops to 6.1%

Total nonfarm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent, the U.S. Bureau of Labor Statistics reported. read more

Execs Optimistic About Growth, See Regulation as Impediment

Nine out of 10 executives at small and mid-size manufacturing and distribution companies expect solid growth over the next 12 months, but cite regulation as an impediment, according to the 2014 McGladrey Manufacturing and Distribution Monitor. read more

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Terry Mulreany
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