Browsing: Newsbytes

Economy

Employers announced plans to cut 65,141 jobs in April, according to a report issued by Challenger Gray & Christmas. April’s announced cuts were 35 percent above March’s total, and 5.8 percent higher than the year-ago-rate. Cuts through the first four months of 2016 amounted to 250,061, 24 percent higher than in the first four months

Economy

New orders for manufactured goods increased 1.1 percent to $458.4 billion in March, following a 1.9 percent February decrease according to the U.S. Census Bureau. This was the second increase in in the last three months. New orders for manufactured durable goods increased 0.8 percent to $230.6 billion, following a 3.1 percent decrease in February.

Economy

The U.S. international trade deficit narrowed in March to $40.4 billion, down $6.5 billion from February. The narrowing of the balance was driven by an $8.1 billion decrease in imports, which was partially offset by a $1.5 billion decrease in exports. The goods deficit fell $6.0 billion to $58.5 billion, while the services surplus increased

Economy

The non-farm private sector added 156,000 jobs in April, according to the ADP National Employment Report, a decline from March’s downwardly revised growth of 194,000. Growth in the services sector slowed from March’s total, while the goods-producing sector shed jobs during the month. Small businesses with fewer than 50 employees added 93,000 jobs, roughly the

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