BLS: Job Growth to Slow, Labor Force Participation to Drop by 2029
Jobs in the U.S. economy are projected to rise from 162.8 million in 2019 to 168.8 million in 2029, according...
Economy
CNBC: More Americans Saving Post-COVID
Amid the uncertainty stemming from the coronavirus pandemic and the policy response to it, six in 10 Americans describe themselves...
Manufacturing Sector Growth Continues in August
The ISM Manufacturing Index registered 56.0 points in August, an increase of 1.8 percentage points from the July reading of...
Construction Spending Rises Slightly in July
Construction spending rose 0.1% at a seasonally adjusted annual rate (SAAR) of $1,364.6 billion in July, according to the Census...
CFPB: About 6% of Mortgage Borrowers Receiving Coronavirus Relief
Around 6% of outstanding first-lien mortgages in June 2020 were reporting zero payment due based on credit bureau data, up...
ABA Data Bank: Banks Increase Employment 0.71% in First Half of 2020
Despite the unprecedented economic dislocation caused by the COVID-19 pandemic, banks have remained a stable source of employment.
Consumer Sentiment Rises Slightly in August
Consumer Sentiment increased 2.2 points in August to 74.1, according to the University of Michigan Consumer Sentiment Index. August’s figure...
Fed Updates Monetary Policy in Response to Low Inflation, Employment Trends
The Federal Open Market Committee today revised its monetary policy statement and long-run goals to reflect the challenges of operating...
Durable Goods Orders Rise 11% in July
New orders for manufactured durable goods in July increased 23.2 billion or 11.2% to $230.7 billion, according to the U.S....
FDIC: Bank Profits Fall amid Ongoing Pandemic; Community Bank Income Grows
FDIC-insured banks and savings institutions earned $18.8 billion in the second quarter of 2020, a 70% decline from a year...
