678,000 Jobs Added in February, Unemployment Rate at 3.8%
Total nonfarm payroll employment rose by 678,000 in February, according to the Bureau of Labor Statistics. Total unemployed rate edged...
Economy
ABA Data Bank: Coal Prices Rise Following Russia’s Invasion of Ukraine
The price of coal skyrocketed following Russia's invasion of Ukraine. As of March 4, the XWJ2 Comdty index has increased...
ISM: Service Sector Shrinks in February
The ISM Services Index registered 56.5% in February; 3.4 percentage points below the January reading of 59.9%. This reading represents...
New Orders for Manufactured Goods Increase in January
New orders for manufactured goods in January, up 20 of the last 21 months, increased $7.6 billion or 1.4% to...
Powell Signals Fed to Move Forward with Interest Rate Hikes
Federal Reserve Chairman Jerome Powell told members of the House Committee on Financial Services today that he expects the Fed...
Beige Book: Economic Outlook Grows More Uncertain
Economic activity continued to expand at a modest to moderate pace through February 2022, amid reported COVID-19 disruptions and severe...
ADP: 475,000 Jobs Gained in February
The non-farm private sector gained 475,000 jobs in February, according to the ADP National Employment Report. This follows a revised...
FDIC: Bank Profits Rise in Fourth Quarter, Full Year
FDIC-insured banks and savings institutions earned $63.9 billion in the fourth quarter of 2021, a 7.4% increase from the year...
Construction Spending Increases in January
Construction spending was at a seasonally adjusted annual rate of $1,677.2 billion in January, 1.3% above the revised December estimate...
ISM Manufacturing Increases in February
The ISM Manufacturing Index registered 58.6 points in February, 1.0 percentage point higher than the January reading of 57.6%. This...
