First-time claims increased to 221,000 from an upwardly revised 212,000 during the previous week. … READ MORE >
Economics
RSM’s prescient forecast for today’s strong economy
The economy is in a strong position with low unemployment, easing inflation and rising productivity. Last year, many observers warned of a looming recession, but RSM’s Joe Brusuelas called it correctly. Learn what was behind his analysis in this conversation with the U.S. Chamber of Commerce’s Neil Bradley … READ MORE >
Service sector continues to normalize in March
The ISM services composite index fell to 51.4 from 52.6, while the prices paid subindex dropped to 53.4 from 58.6. … READ MORE >
Job openings inch up in February
Job openings rose by 8,000 to 8.756 million in September, slightly higher than forecasted. … READ MORE >
Manufacturing sector expands for the first time since September 2022
The manufacturing sector grew faster in March than expected on the heels of strong production activity and new orders, according to the Institute for Supply Management survey released on Monday. … READ MORE >
Full employment, low inflation and a virtuous cycle in the American economy
Today, we think that the economy has reached full employment and that a virtuous cycle that bolsters productivity and dampens inflation is now possible. … READ MORE >
In global shift to renewable energy, Canada risks being left behind
A low carbon economy will lower costs for businesses and nullify the need for the consumers’ carbon rebates, making it a winning equation for the government, businesses and consumers. … READ MORE >
U.S. spending and inflation improve above expectations
Spending rose by 0.8% on the month, compared with the forecast of 0.5%, while the personal consumption expenditures index—an inflation measure closely watched by the Federal Reserve—came in at 0.3%. … READ MORE >
RSM US Manufacturing Outlook Index: The Boeing effect takes a toll
The RSM US Manufacturing Outlook Index declined in March, reflecting sluggish activity across the production sector in general and the problems at Boeing in particular. … READ MORE >
Federal Reserve’s policy path points to a rate cut in June
Our modified Taylor Rule implies that the federal funds policy rate should be reduced to a range between 4.75% and 5% in the near term. … READ MORE >