Economy

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

Business Logistics Continues Slow Rebound

According to the Council of Supply Chain Management Professionals 25th Annual “State of Logistics Report,” total U.S. business logistics as a percent of U.S. GDP declined for the second year in a row. read more

TD: U.S. Economy Gains Improves After Stumbling in Q1/14

Economic growth stumbled in the first three months of this year, but bounced back in the spring and will maintain momentum over the remainder of 2014, according to a report released by TD Economics. read more

Jobless Claims Drop to Lowest Level in Seven Years

According to a report issued by the Labor Department, the advance number for seasonally adjusted insured unemployment during the week ending June was 2.56 million, the fewest since October 13, 2007. read more

Fed: Business Investment Resumes Advance

In its latest meeting of the FOMC, the Fed said growth in economic activity has rebounded in recent months and noted that business fixed investment resumed its advance. read more

Fed Will Raise Rates Faster Than Investors Expect

Bloomberg reported, citing a survey of economists, that the Fed will probably raise its benchmark interest rate faster than money-market investors expect. read more

OECD: U.S. Growth to Accelerate Through 2015

Reuters reported the U.S. economic recovery should accelerate in the coming months as an energy boom, steadily falling unemployment and a rebound in investment push growth to its fasters pace in a decade. read more

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Terry Mulreany
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