New filings rose 2,000 to 207,000 for the week ending Sept. 30, lower than the median forecasts of 210,000. … READ MORE >
Tuan Nguyen
Service sector extends growth in September
The overall service index eased to 53.6 from 54.5 in August, above the 49.9 threshold that indicates expansion. … READ MORE >
Job openings surge unexpectedly in August
Job openings defied expectations in August, rising to 9.6 million, mostly from a sharp increase of 409,000 in professional and business services. … READ MORE >
Manufacturing sentiment improves for the first time in nearly a year
The sector’s overall index rose to 49% in September from 47.6% earlier, while the production subindex rose to 52.5% from 50%. … READ MORE >
American consumers remain resilient as shutdown looms
Despite a rise in overall inflation because of higher oil prices, core inflation and spending volume remained soft in August. … READ MORE >
Jobless claims hold steady as pending home sales plunge
Initial jobless claims inched up by only 2,000 last week to 204,000, remaining below the pre-pandemic average, while pending home sales plunged by 7.1% in August. … READ MORE >
Business equipment spending rebounds
Business orders for equipment rebounded in August after falling for two straight months, an encouraging sign for American businesses. … READ MORE >
Housing prices set a record as consumer confidence dips
Housing prices set a record in July, according to the S&P CoreLogic Index, rising by 0.87% on a seasonally adjusted basis. August’s new home sales, however, dropped by a sharp 8.7%. … READ MORE >
Falling jobless claims, existing home sales offer mixed economic picture
The mixed signals from Thursday’s data on initial jobless claims and existing home sales added to an economic picture that resembles a soft landing when the economy bends but does not break. … READ MORE >
Housing starts fall to three-year low amid 7% mortgage rate
Housing starts in the United States fell by a sharp 11.3% in August, the second double-digit drop in three months. … READ MORE >