Housing starts fell by 14.4% to 1.549 million on an annualized basis in May, the lowest point in more than a year. … READ MORE >
Initial jobless claims exceed pre-pandemic level for second straight week
There were 229,000 new jobless claims for the week ending June 11, down slightly from an upwardly revised 232,000 in the prior week. … READ MORE >
U.S. retail sales fall as inflation takes a toll
Retail sales dropped by 0.3% in May, a decline from a downwardly revised 0.7% increase in April, the U.S. Census Bureau reported on Wednesday. … READ MORE >
Chart of the day: U.S. producer inflation remained elevated
The report adds pressure on the Federal Reserve, which is considering more aggressive measures to tame inflation. … READ MORE >
Chart of the day: Consumer sentiment drops to record low
The headline consumer sentiment index from the University of Michigan dropped to 50.2, the lowest on record. … READ MORE >
Initial jobless claims rise to above pre-pandemic level
New claims for jobless benefits increased by 27,000 to 229,000 for the week ending June 4, from an upwardly revised 202,000 in the prior week. … READ MORE >
Chart of the day: Service sector grew more slowly in May
The service sector grew more slowly in May as production and prices cooled, according to a report from the Institute for Supply Management on Friday. … READ MORE >
Chart of the day: Jobless claims fall amid tight labor market
Initial jobless claims fell by 5.2% last week to 200,000, a continuing reflection of the tight the labor market as layoffs remain near a multidecade low, according to government data released Thursday. … READ MORE >
RSM US Supply Chain Index: Inventory-led improvement in April
Supply chain bottlenecks improved in April yet remained significantly underwater. At the current pace, a full recovery will not take place until the first half of next year. … READ MORE >
Manufacturing sector grew steadily in May
The manufacturing sector expanded at the slightly faster rate in May as demand remained strong. … READ MORE >