The overall index eased to 0.9% in the fourth quarter on a seasonally adjusted basis, down from 1.1% in the previous quarter. … READ MORE >
Tuan Nguyen
Strong job openings and consumer confidence point to robust employment gains
Job openings inched up to more than 9 million, surpassing expectations and reflecting strong demand in December. … READ MORE >
Consumer sentiment rises above expectations in January
Consumer sentiment rose in January to 78.8 from 69.7, much higher than the median consensus forecast of 70.1. … READ MORE >
Consumer confidence ends the year on a positive note
The increase in confidence was broad-based in December, with the overall index rising to 110.7 from 101. … READ MORE >
U.S. retail sales grew by more than expected in November
Sales increased by 0.3% on the month or by 5.9% on a three-month moving average annualized pace. … READ MORE >
Initial jobless claims remain resilient
Initial jobless claims inched up slightly to 220,000 last week, remaining within the pre-pandemic level, the Labor Department reported on Thursday. … READ MORE >
Job openings fall to lowest level since 2021, signaling Fed pivot
With 8.7 million job openings in October, the vacancies-to-unemployed ratio has fallen to 1.34, only slightly higher than the pre-pandemic average of around 1.24 … READ MORE >
U.S. economic outlook: Expansion continues into 2024
Expect the economy to settle into its long-term growth rate of around 1.8% next year. Read our forecasts for growth, inflation, unemployment, the dollar, interest rates and fiscal policy. … READ MORE >
Manufacturing sector in U.S. contracts in November
The manufacturing sector contracted for the second month in a row in November as lower overall demand and persistent labor shortages took their toll, the Institute for Supply Management reported on Friday. … READ MORE >
Durable goods and jobless claims offer a mixed picture of the economy
Overall orders for durable goods fell by 5.4% in October, led by a 49.6% decline in nondefense aircraft because of a drop in Boeing orders. … READ MORE >