Economy

Unemployment Rate Stays Steady; Financial Sector Adds Jobs

Total non-farm payroll employment increased by 227,000 in January, and the unemployment rate was little changed at 4.8%, the U.S. Bureau of Labor Statistics reported. Job gains occurred in retail trade, construction and financial activities. read more

Non-Manufacturing Sector Experiences ‘Cooling Off’ in January

According to the Institute for Supply Management, economic activity in the non-manufacturing sector grew in January for the 85th consecutive month. read more

New Orders, Production Indices Reach Highest Levels since November 2014

According to the most recent data from the Institute for Supply Management, economic activity in the manufacturing sector expanded in January, and the overall economy grew for the 92nd consecutive month. read more

Small Business Lending Down Y/Y In Six of Last Seven Months

Reuters reported that that Thomson Reuters/PayNet Small Business Lending Index rose to 129.7 in December, up from the 129.1 mark recorded in November, but down compared to December 2015. read more

PayNet Canadian Small Business Lending Index Down 9% Y/Y

The PayNet Canadian Small Business Lending Index increased 3% to 119.9 in November 2016 from 116.5 in October 2016. Compared to the same month one year ago, the CSBLI is down 9%. read more

December Employment Rate Remains Steady, Healthcare Jobs Rise

Total nonfarm payroll employment rose by 156,000 in December, and the unemployment rate remained at roughly 4.7%, the U.S. Bureau of Labor Statistics reported. read more

ISM: Non-Manufacturing Sector Closes Year on Strong Note

Economic activity in the non-manufacturing sector grew in December for the 83rd consecutive month, according to purchasing and supply executives in the latest non-manufacturing report from the ISM. read more

PayNet SBLI Registers First Y/Y Increase Since May

The November release of the Thomson Reuters/PayNet SBLI increased 8% month-over-month and 2% compared to November 2015, marking the first year-over-year increase since May 2016. read more

ISM Indexes Reach Year-High for 2016 in December

According to the latest report from the Institute for Supply Management, the PMI, new orders, production and employment indexes all registered 2016 highs in December. read more

WSJ: Manufacturing Renaissance at Risk Due to Strengthening Dollar

The Wall Street Journal reported that the rising dollar is thwarting the plans of U.S. manufacturers that export goods. read more

New Orders for Durable Goods Decrease on Lower Transportation

The Commerce Department reported new orders for manufactured durable goods in November decreased $11.0 billion, or 4.6%. Excluding transportation, new orders increased 0.5%. read more

Durable Goods Orders Likely Declined in November

The EconoTimes predicted that the soon to be released U.S. durable goods report will show that orders declined 3.5% during the month of November. read more

PayNet Expects Improved Small Business Investment Post-Election

According to PayNet’s Q3/16 Small Business Credit Outlook, the outcome of the November election should lift some of the uncertainty that has pervaded the small business sector for much of 2016. read more

Bloomberg: Oil Investor Optimism Soars After OPEC Deal

Bloomberg reported that OPEC’s decision to cut crude production caused oil investor optimism to rise to the highest level seen since the beginning of the slump. read more

Federal Reserve Raises Benchmark Rate

The Federal Open Market Committee voted to raise the target range for federal funds rate a quarter of a percentage point with three more increases inked in for 2017. read more

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Terry Mulreany
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