531,000 Jobs Added in October, Unemployment Rate at 4.6%
Total nonfarm payroll employment rose by 194,000 in October, according to the Bureau of Labor Statistics. Total unemployed persons fell...
Economy
U.S. International Trade Balance Grows in September
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
FOMC Begins to Reduce Pace of Asset Purchases
The Federal Open Market Committee said today that it will begin reducing the monthly pace of its asset purchases since...
New Orders for Manufactured Goods Increase in September
New orders for manufactured goods in September, up sixteen of the last seventeen months, increased $1.3 billion or 0.2% to...
ISM: Service Sector Grows in October
The ISM Services Index registered 66.7% in October; 4.8 percentage points higher than the September reading of 61.9%. This reading...
ADP: 571,000 Jobs Gained in October
The non-farm private sector gained 571,000 jobs in October, according to the ADP National Employment Report. This follows a revised...
What the ‘Great Resignation’ Means for the U.S. Economy
One in 10 American workers have quit their jobs since spring—fueling upheaval in the labor market and presaging big changes...
ISM Manufacturing Decreases in October
The ISM Manufacturing Index registered 60.8 points in October, 0.3 percentage point lower than the September reading of 61.1%. This...
Construction Spending Falls in September
Construction spending was at a seasonally adjusted annual rate of $1,573.6 billion in September, 0.5% below the revised August estimate...
The Myth of the Disappearing Bank Branch
A Cleveland Fed report finds that—despite consolidation—bank branch proximity has remained stable and, in some cases, improved.
