Economy

Jobless Claims Increase Following Holidays

Jobless claims increased by 19,000 in the week ending January 10, according to a U.S. Labor Department report. Bloomberg reported the increase was due to companies letting go of seasonal employees. read more

CapX Partners Provides $6MM Equipment Lease to Oil & Gas Company

CapX Partners announced the closing of a $6 million equipment lease line of credit to support the financing needs of All Around Roustabout, an energy services company focused on oil and natural gas. read more

Beige Book: ‘Faster Growth Expected Over Coming Months’

According to the most recent Fed Beige Book report, most Districts reported a “modest” or “moderate” pace of growth. However, the report notes most contacts say they “expect somewhat faster growth over the coming months.” read more

U.S. Jobless Claims Decrease in First Report of 2015

Jobless claims decreased in the first week of 2015, according to a U.S. Labor Department report. In the week ending January 3, initial claims of 294,000, decreased 4,000 from the previous week. read more

FOMC: Rate Rise Unlikely Before Late April

Bloomberg reported the Federal Reserve confirmed being “patient” on interest rates means no increase before late April. Risks from overseas are largely offset by domestic strength. read more

ISM: New Orders, Employment and Production Growing

According to the latest Manufacturing ISM Report on Business, economic activity in the manufacturing sector expanded in December for the 19th consecutive month, and the overall economy grew for the 67th consecutive month. read more

Unfilled Orders Highest Since NAICS First Published in 1992

The Census Bureau said new orders for manufactured durable goods in November decreased $1.7 billion or 0.7% to $242.3 billion. Unfilled orders, however, increased to its highest level since the NAICS was first published in 1992. read more

Wells Fargo/Gallup: Investor Optimism at Seven-Year High

According to the Wells Fargo/Gallup index, the overall Investor and Retirement Optimism Index is now the highest it has been since 2007, following several years of gradual, steady increases. read more

CFO Outlook: Company Growth Anticipated

CFOs believe the U.S. economy is at its highest level since the 2008 recession, and anticipate growth in their sales, workforce and companies in 2015, says the Bank of America Merrill Lynch 2015 CFO Outlook survey. read more

Forecast: Aggressive Spending in Equipment Will Fuel Growth

The UCLA Anderson Forecast foresees the U.S. economy likely growing at a 3% pace the next two years fueled by aggressive corporate spending in equipment and software. read more

November Job Growth Highest Since January 2012

The Labor Department reported robust job growth continued in November with the addition of 321,000 new jobs, the most in a single month since January 2012. read more

Beige Book: Economic Activity Continues to Expand

The Federal Reserve reported in its Beige Book that national economic activity continued to expand in October and November. The Fed noted that employment gains were widespread across districts. read more

Survey: Small Business Owners Most Optimistic Since 2008

According to the latest Wells Fargo/Gallup Small Business Index, small business owners are the most optimistic they have been in more than six years, and business owners are feeling the most upbeat about the year ahead since the start of the Great Recession. read more

ISM Factory Index: 18th Consecutive Month of Expansion

According to the latest ISM Manufacturing Report on Business, supply executives said economic activity in the manufacturing sector expanded in November for the 18th consecutive month. read more

U.S. Manufacturing Shifting Into High Gear

Middle market investment bank Brown Gibbons Lang said according to its Shifting into High Gear industry report the manufacturing sector in the U.S. has reached the highest rate of growth in more than four years. read more

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