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 >
Chart of the day: Job openings remain near record high
U.S. job openings fell 3.8% to 11.4 million in April amid economic moderation and monetary policy tightening. … READ MORE >
Chart of the day: Consumer confidence falls in May
Consumer confidence in the United States slid to a three-month low in May amid sticky inflation and a decline in job availability. … READ MORE >
Personal spending and trade improved in April as inflation eased
American consumers continued to spend more in April as inflation showed signs of relief. The combination of higher incomes, excess savings and lower energy prices helped to alleviate some of the recent recession concerns. … READ MORE >
Chart of the day: Pending home sales fell in April
Pending home sales in April dropped more than expected as mortgage rates climbed toward a multidecade high. … READ MORE >
Initial jobless claims show signs of bottoming out
New filings for jobless benefits last week inched down to 210,000 as a tight labor market kept layoffs below pre-pandemic levels. … READ MORE >
Chart of the day: American businesses kept investing in April despite rising costs
Durable goods orders rose 0.4% on the month, following a downward revised 0.6% in March, according to data from the Commerce Department on Wednesday. … READ MORE >
New home sales fell 16.6% in April to lowest level since pandemic began
New home sales plummeted in April to their lowest since the onset of the pandemic amid a steep rise in mortgage rates and elevated prices. … READ MORE >









