Economy

Unemployment Rate Drops to Lowest Since February ’08

The Labor Department said the latest jobs report for October showed the unemployment rate inched downward to 5% and has not been lower since February of 2008. read more

Small Business Growth Continues at Measured Pace

The September 2015 data release of the Thomson Reuters/PayNet Small Business Lending Index increased 4% to 140.4 compared to the prior month. read more

ISM: New Orders & Production Jump, Employment Takes a Hit

Economic activity in the manufacturing sector expanded yet again in October despite a one percentage point decrease in the PMI. read more

September Durable Goods Orders Decrease 1.2%

New orders for manufactured durable goods decreased $2.9 billion or 1.2% to $231.1 billion in September, according to the U.S. Department of Commerce. read more

Big Banking Up While Small Banking Stumbles

According to the Biz2Credit September Small Business Lending Index, institutional lenders and big banks reached an all-time high in terms of small business loans approved, while small banks experienced a slight decline. read more

Fed’s Beige Book Reports Expansion Despite Manufacturing Lull

According to the most recent Beige Book from the Federal Reserve, the U.S. economy expanded at a modest pace from mid-August to October, although the manufacturing sector generally experienced weaker performance. read more

CEO Confidence Declines in Q3/15

The Conference Board and PwC’s Measure of CEO Confidence, which had improved in the first half of the year, declined to 48 in the Q3/15, down from 58 in Q2/15. A reading of more than 50 points reflects more positive than negative responses.  read more

Equipment & Software Investment Growth Forecast Drops to 4.1%

Investment in equipment and software is expected to grow 4.1% in 2015, a decrease compared to the 5% growth forecast following the Q3 update. read more

Job Growth Stalls in September

The U.S. Economy added 142,000 jobs in September, but the unemployment rate remained at 5.1%, matching the mark registered in August. read more

ISM: New Orders, Production and Employment Growing

Economic activity in the manufacturing sector expanded in September for the 33rd consecutive month, and the overall economy grew for the 76th consecutive month, according to the September ISM Report on Business. read more

Small Business Investment Growth Rate Highest Since 2010

According to Thomson Reuters/PayNet Small Business Lending Index, small business investment is at the greatest trendline growth rate since the recovery began in 2010. read more

Small Business Optimism Falls in Q3

Small business owners are feeling less optimistic about the economy and growth compared to earlier this year, according to Capital One's Spark Business Barometer. read more

Durable Goods Orders Drop 2% in August

After two consecutive months of growth, new orders for manufactured durable goods decreased $4.8 million or 2% to $236.3 billion in August, according to the U.S. Department of Commerce. read more

Fed Opts to Leave Interest Rates Alone

On Thursday, the Federal Reserve Board decided to leave interest rates unchanged due to developments in the global economy and downward pressure on inflation. read more

Canadian Small Business Lending Index Rises 4%

PayNet’s Canadian Small Business Lending Index, which measures the amount of new private investment in property, plant and equipment by private Canadian businesses, reached 135.8, an increased of 4% over last year. read more

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