263,000 jobs added in November, unemployment rate at 3.7%
Total nonfarm payroll employment rose by 263,000 in November, according to the Bureau of Labor Statistics. Total unemployed persons was...
Economy
Construction spending decreases in October
Construction spending during October 2022 was estimated at a seasonally adjusted annual rate of $1,794.9 billion, 0.3% below the revised...
ISM Manufacturing contracts in November
The ISM Manufacturing Index registered 49% in November; 1.2 points lower than October’s reading of 50.2%. This figure indicates the...
Third quarter GDP (Second estimate) grows 2.9%
Real GDP increased at a seasonally adjusted annual rate of 2.9% during the third quarter of 2022, according to the...
ADP: 127,000 jobs gained in November
The non-farm private sector gained 127,000 jobs in November, according to the ADP National Employment Report. This follows a revised...
Brainard reflects on effects of COVID, war on inflation
The “relative inelasticity of supply in key sectors” sets the economy of the past three years (encompassing the COVID-19 pandemic...
The COVID-19 pandemic and credit card market anomalies
Compared to the experience of the 2008–09 Great Recession and ensuing recovery, the COVID-19 pandemic-induced recession, along with federal and...
New home sales increases in October
Sales of new single‐family houses in October 2022 were at a seasonally adjusted annual rate of 632,000, according to estimates...
New orders for manufactured durable goods increased in October
New orders for manufactured durable goods in October, up seven of the last eight months, increased $2.8 billion or 1.0%...
Stewart: Rising rates hit borrowers but bring ‘real money’ for savers
While borrowers are getting pinched by rising interest rates, senior savers are seeing meaningful returns for the first time in...
