390,000 jobs added in May, unemployment rate at 3.6%
Total nonfarm payroll employment rose by 390,000 in May, according to the Bureau of Labor Statistics. Total unemployed persons remained...
Economy
ISM: Service sector expands in May
The ISM Services Index registered 55.9% in May; 1.2 percentage points lower than the April reading of 57.1%. This reading...
Amid downside risks, bank economists forecast economic soft landing
With the Fed taking action to raise rates and choke off inflation, the nation’s top economists forecast that economic growth...
Podcast: Can the Fed land a ‘Goldilocks’ monetary policy landing?
ABA Economic Advisory Committee Chair Richard DeKaser offers the EAC's consensus forecast that the Fed will indeed stick the landing,...
ABA Data Bank: EAC forecasts inflation to slow gradually toward Fed objective over next two years
Higher interest rates, quantitative tightening of the Fed's balance sheet and other drags on the economy are expected to stem...
A new inflation age, part one: commodities
Ramping up production of these essential components is complex and requires billions of dollars in investment and years to come...
Real GDP decreases 1.5% in first quarter
Real GDP decreased at a seasonally adjusted annual rate of 1.5% during the first quarter of 2022, according to the...
McHenry discusses supply chain, crypto regulation at economic forum
Rep. McHenry (R-N.C.), ranking House Financial Services Committee member, said a well-regulated space is necessary for the digital asset/cryptocurrency ecosystem.
ABA’s Nichols: Despite economic headwinds, banks are healthy and prepared
While uncertainty surrounds the U.S. economy at present, America’s banks remain healthy and prepared to support the communities they serve.
New orders for manufactured durable goods increase in April
New orders for manufactured durable goods in April increased $1.2 billion or 0.4% to $265.3 billion, the U.S. Census Bureau...
