Zero-COVID, zero growth?
For the foreseeable future, a zero-COVID policy for China will make it difficult for the country to achieve its official...
Economy
Consumer prices rise in May
The Consumer Price Index increased 1.0% in May on a seasonally adjusted basis, according to the U.S. Bureau of Labor...
Credit market conditions expected to weaken in coming months
Bank economists expect credit conditions to weaken in the next six months amid high inflation, according to the Credit Conditions...
Consumer credit increases in April
Consumer credit increased at a seasonally adjusted annual rate of 8.7 percent in the first quarter and 10.1 percent in...
U.S. international trade balance grows in April
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
ISM Manufacturing decreases in May
The ISM Manufacturing Index registered 56.1 points in May, 0.7 percentage points higher than the April reading of 55.4%. This...
New orders for manufactured goods increase in April
New orders for manufactured goods in April, up eleven of the last twelve months, increased $1.8 billion or 0.3% to...
Construction spending increases in April
Construction spending was at a seasonally adjusted annual rate of $1,744.8 billion in April, 0.2% above the revised March estimate...
ADP: 128,000 jobs gained in May
The non-farm private sector gained 128,000 jobs in May, according to the ADP National Employment Report. This follows a revised...
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...
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