FDIC: Bank Profits Increase in Second Quarter
FDIC-insured banks and savings institutions earned $70.4 billion in the second quarter of 2021, a 281% increase from a year...
Economy
ISM: Service Sector Growth Slows in August
The ISM Services Index registered 61.7% in August; 2.4 percentage points lower than the July reading of 64.1%. This reading...
235,000 Jobs Added in August, Unemployment Rate at 5.2%
Total nonfarm payroll employment rose by 235,000 in August, according to the Bureau of Labor Statistics. Total unemployed persons fell...
Factory Orders Rise in July
New orders for manufactured goods in July, up fourteen of the last fifteen months, increased $1.9 billion or 0.4% to...
U.S. International Trade Balance Shrinks in July
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
ISM Manufacturing Index Increases in August
The ISM Manufacturing Index registered 59.9 points in August, 0.4 percentage point higher than the July reading of 59.5%. This...
Construction Spending Increases in July
Construction spending rose 0.3% at a seasonally adjusted annual rate (SAAR) of $1,568.8 billion in July, according to the Census...
ADP: 374,000 Jobs Gained in August
The non-farm private sector gained 374,000 jobs in August, according to the ADP National Employment Report. This follows a revised...
ABA Data Bank: Deposits Continued to Flow Into Banks in Q2 2021
Deposits at U.S. banks increased $228 billion (1.3%) in the second quarter, according to data from S&P Global. Seasonally adjusted...
Consumer Sentiment Falls in August
Consumer Sentiment was 70.3 in August according to the University of Michigan Consumer Sentiment Index. August’s figure was 10.9 points...
