Consumer Credit Grows 7.3 Percent in April
Consumer credit increased at a seasonally adjusted annual rate (SAAR) of 7.3 percent in April to $3.38 trillion. Revolving credit...
Economy
U.S. Adds 280,000 jobs in May
Total nonfarm payroll employment rose by 280,000 in May, up from last month’s revised estimate of 221,000. The unemployment rate...
Oil-Related Job Cuts Wane
Employers announced plans to shed 41,034 workers from their payrolls in May, following the 61,582 planned job cuts announced in...
U.S Foreign Trade Deficit Drops Nearly 20 Percent in April
The U.S. international trade deficit narrowed in April to $40.9 billion, down $9.7 billion from March, attributable to both a...
Beige Book: Economic Activity Expanded and Loan Demand Increased
Overall economic activity expanded during the reporting period from early April to late May according to the fourth Federal Reserve...
Non-Manufacturing ISM Index Continued to Grow, But at a Slower Pace
The Non-Manufacturing ISM Report on Business Index was 55.7 in May, 2.1 percentage points lower than the previous month. Index...
ADP: Private Sector Added 201,000 Jobs in May
According to the ADP National Employment report, the private sector added 201,000 jobs in May, as both goods-producing and services...
Bank Economists See Rebound from First-Quarter ‘Shock’
The U.S. economy will bounce back from a lackluster start to the year, with growth in the second half of...
Personal Income Increases, Expenditures Fall Flat
Personal income increased $59.4 billion, or 0.4 percent, in April according to the Bureau of Economic Analysis, compared to the...
Construction Spending Reaches $1 Trillion
Construction spending increased 2.2 percent in April to a seasonally adjusted annual rate (SAAR) of $1 trillion. March spending was...
