In August, the U.S. economy added 187,000 jobs and the unemployment rate settled in at 3.8%, according to Labor Department data released on Friday. … READ MORE >
Economics
Personal spending grows hot in July as inflation stabilizes
American consumers remained in the position of strength when it came to spending and income growth this summer as inflation stabilized further and the labor market stayed resilient. … READ MORE >
RSM US Manufacturing Outlook Index: Signs of a bottom
Only two of the five manufacturing centers surveyed by regional Federal Reserve banks, New York and Dallas, reported substantial declines Philadelphia and Kansas City reported substantial increases, while Richmond had a slight increase. … READ MORE >
Job openings drop to lowest in more than two years
Job openings fell to 8.8 million in July, staying under 9 million for the first time since March 2021, according to the Bureau of Labor Statistics on Tuesday. … READ MORE >
Business investment loses momentum in July
Orders for capital goods that exclude defense and aircraft—a proxy for future business spending—rose by 0.1% on the month. That followed a downward revision in June that reduced a 0.1% gain to a 0.4% decline. … READ MORE >
Canada welcomes immigrants, but their skills are underused
While Canada is attracting immigrants, it struggles to make use of their skills, leaving much unrealized potential on the table. … READ MORE >
Back-to-school outlook: What can we expect for holiday shopping?
If July’s retail sales are any indication, this year’s holiday sales will be largely focused on individual product categories and consumer spending by income level. … READ MORE >
New home sales remain bright spot in housing, rising on strong supply
Sales of new homes increased by 4.4% in July to 714,000, according to Commerce Department data released on Wednesday. … READ MORE >
Canada retail sales edge higher, bolstered by car purchases
Retail sales in Canada climbed by 0.1% to $65.9 billion in June, with all of the gain attributed to higher sales of motor vehicles and parts. … READ MORE >
Existing home sales fall near January low as rates surge
July sales were much lower than expected, dropping by 2.2% on the month compared to a forecasted decline of only 0.2% earlier. … READ MORE >