Consumer Credit Shrinks in June
Consumer credit decreased at a seasonally adjusted annual rate of 6.75% in the second quarter according to the Federal Reserve....
Economy
ABA Data Bank: Banks of All Sizes Helped Provide Critical Financial Lifeline to Small Biz
Breaking down of Paycheck Protection Program lending by banks in the second quarter (through June 30, 2020), by asset size.
1.8 Million Jobs Added in July
Total nonfarm payroll employment rose by 1.8 million in July, according to the Bureau of Labor Statistics. Total unemployed persons...
Report: Credit Card Use Dips in Q1 Amid COVID-19 Uncertainty
As the coronavirus outbreak spread in the U.S. in the first quarter, credit card purchase volume and debt outstanding declined,...
Household Debt Sees Biggest Decline in Seven Years as Consumers Trim Spending
Outstanding household debt dipped by 0.2% in the second quarter of 2020, falling by $34 billion to land at $14.27...
ISM: Non-Manufacturing Sector Growth Continues in July
The ISM Services Index (formerly non-manufacturing sector) grew in July for the second consecutive month. The index registered 58.1% in...
International Trade Balance Tightened in June
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
ADP: 167,000 Jobs Gained in July
The non-farm private sector added 167,000 jobs in July, according to the ADP National Employment Report. This follows a revised...
Factory Orders Rose 6% in June
New orders for manufactured goods in June, up two consecutive months, increased 6.2% to $437.2 billion, the U.S. Census Bureau...
Fed Survey: Loan Demand Plummets in Second Quarter
As the U.S. economy dove deeper into recession amid the coronavirus pandemic in the second quarter, more than half of...
