Newsbytes

ARRC Posts Free Webinars on Proposed Libor Transition Language

The Alternative Reference Rates Committee -- a group of private-sector market participants and public agencies convened by the Federal Reserve -- today released two free webinars to help market participants better understand and respond to its request for feedback on draft fallback language for certain financial instruments that reference the U.S. dollar London Interbank Offer Rate.

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ISM: Non-Manufacturing Sector Growth Slower in December

The ISM Non-Manufacturing Index registered 57.6 points in December, 3.1 percentage points below November’s figure. This was the 107th consecutive month of expansion, as a reading above 50 indicates growth. Sixteen non-manufacturing industries reported growth, while one reported a decrease. The majority of respondents remain positive about business conditions and the economy, but tariffs (even with the recent hold on increases ...

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IRS to Resume Tax Transcript Service

The Internal Revenue Service will on Monday resume processing requests for tax transcripts made through its Income Verification Express Service program -- a service that has been suspended since the partial government shutdown began on Dec. 22, 2018.

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312,000 Jobs Added in December, Unemployment Rate rises to 3.9 percent

Total nonfarm payroll employment grew by 312,000 in December, an increase from last month’s upwardly revised reading of 176,000, according to the Bureau of Labor Statistics. The national unemployment rate rose from 3.7 percent to 3.9 percent. Private service-providing industries gained 227,000 jobs, led by education and health services, which added 82,000 jobs. Goods-producing employment rose by 74,000 jobs during ...

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ADP: 271,000 Jobs Added in December

The non-farm private sector added 271,000 jobs in December, according to the ADP National Employment Report. This followed a 179,000 job increase in November. Small businesses with fewer than 50 employees gained 89,000 jobs. Medium-sized businesses with 50-499 employees created 129,000, while large businesses added 54,000 jobs. “We wrapped up 2018 with another month of significant growth in the labor ...

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Manufacturing Sector Growth Slid Back in December

The ISM Manufacturing Index registered 54.1 points in December, down 5.2 percentage points from the previous month, according to the Institute for Supply Management. December’s reading indicates the one-hundred-and-sixteenth consecutive month of expansion in manufacturing, as readings over 50 points denote expansion. Of the eighteen manufacturing industries, eleven reported growth, while six reported contraction. Nine of the eleven manufacturing index ...

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