187,000 jobs added in July, unemployment rate at 3.5%
Total nonfarm payroll employment rose by 187,000 in July, and the unemployment rate changed little at 3.5%. Job gains occurred...
Economy
ISM: Service sector expanded in July
The ISM Services Index registered 52.7%, 1.2 percentage points decrease than June’s reading of 53.9%. The composite index indicated growth...
New orders for manufactured goods increased in June
New orders for manufactured goods in June, up six of the last seven months, increased 2.3% to $592.0 billion, the...
Construction spending increases in June
Construction spending during June 2023 was estimated at a seasonally adjusted annual rate of $1,938.4 billion, 0.5% above the revised...
FDIC: Banks remain resilient but face lending, operational risks
The banking industry demonstrated resilience despite weaker economic conditions, sharply higher interest rates, high inflation and financial market stress in...
ABA Data Bank: CPI inflation rose 3.2% year-over-year in July
Annual inflation ticked up slightly to 3.2% in July, up from 3.0% in June. This was largely due, however, to...
Report finds bankcard balances continue to grow
The average balance on U.S. bankcards has grown over the past year, as has the pace of customers entering delinquency,...
New York Fed: CDFI assets tripled in five years
Assets held by community development financial institutions tripled in the last five years, reaching at least $452 billion in the...
New York Fed: Household debt held at $17 trillion in Q2
Total household debt increased slightly by $16 billion, or 0.1%, to $17.06 trillion in the second quarter of 2023, according...
Fed’s Harker suggests holding rates at current level
The economy may have reached the point where the Federal Open Markets Committee can hold off further increases in the...
