253,000 jobs added in April, unemployment rate at 3.4%
Total nonfarm payroll employment rose by 253,000 in April, and the unemployment rate changed little at 3.4%. Job growth was...
Economy
U.S. international trade deficit decreases in March
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
Task force calls on public, banks to help with coin shortage
The U.S. Coin Task Force is asking financial institutions and the public to take steps to help alleviate the coin...
Fed: Most banks managing interest rate risk
While higher interest rates contributed to the recent bank failures, high levels of capital and moderate risk exposures mean that...
Fed survey: Lending standards tighten as demand drops
Lending standards for business and consumer loans tightened during the first quarter of 2023, with weaker demand reported in all...
ABA’s Camper interviewed on NPR about shorting of bank stocks
Friday's episode of NPR's Marketplace program featured an interview with ABA Chief Policy Officer Naomi Camper about ABA's advocacy with...
FOMC raises rates by 25 basis points
The Federal Open Market Committee announced it would raise the target range for the federal funds rate by 25 basis...
Fed raises rates by 0.25 basis points
Economic activity expanded at a modest pace in the first quarter. Job gains have been robust in recent months, and...
ISM: Service sector expands in April
The ISM Services Index registered 51.9%, 0.7 percentage point higher than March’s reading of 51.2%. The composite index indicated growth...
New orders for manufactured goods increased in March
New orders for manufactured goods in March, up following two consecutive monthly decreases, increased 0.9% to $539.0 billion, the U.S....
