ADP: 749,000 Jobs Gained in September
The non-farm private sector added 749,000 jobs in September, according to the ADP National Employment…
Browsing: Economy
Fed Survey: Even When Eligible for MSLP, Borrowers Go Outside Program
Even when applicants are eligible for the Federal Reserve’s Main Street Lending Program, participating banks made just a tiny fraction of loans through the program, according to Fed survey research released today.
ABA Data Bank: Mixed Recovery of Consumer Discretionary Spending
While spending on entertainment and transportation is still well below pre-pandemic levels, spending on apparel and merchandise has largely recovered, and spending at restaurants and hotels has steadily improved.
Durable Goods Orders Rise 0.4% in August
New orders for manufactured durable goods in August increased 1.0 billion or 0.4% to $232.8…
CFPB: Half of Households Report $3,000 or Less in Savings
More than half of people report their household has $3,000 or less in their savings and checking accounts combined but half of American think they need $10,000 or more in savings for an emergency, according to a new report from the CFPB.
New Home Sales Rise 4.8% in August
New single-family home sales rose to a seasonally adjusted annual rate of 1,011,000 in August,…
Quarles Warns of Downside Risks as Economy Recovers from COVID-19
While the U.S. economy is showing positive signs that a recovery is underway, Federal Reserve Vice Chairman for Supervision Randal Quarles today cautioned that “risks remain weighted to the downside.”
Existing-Home Sales Rise to Highest Levels Since 2006
Existing-home sales rose by 2.4% in August to a seasonally adjusted annual rate of 6.0…
Americans Prioritize Saving Since Start of Pandemic
A majority of American have prioritized saving money since the start of the pandemic, according to a new report from Regions Bank.
Fed Survey: Household Financial Conditions Improve Since July, Uncertainty Remains
Household financial conditions improved in July from April but uncertainties about layoffs and returning to work remain, according to a new report the Federal Reserve released today.