Most U.S. companies turned growth up a notch in August, ISM survey finds

  • September 6, 2017
  • no comment
  • realestate

The Institute for Supply Management said its non-manufacturing index rose to 55.3% last month from 53.9% in July, which was the lowest reading in the past year. A similar ISM survey of manufacturing firms also showed the fastest growth in six years.

READ MORE

Labor Department estimates it will make upward adjustment of 95,000 jobs

  • September 6, 2017
  • no comment
  • realestate

The Labor Department on Wednesday said its preliminary benchmark revision anticipates a 95,000-job, or 0.1%, increase to March 2017 employment. The final benchmark revision will be issued in February. Each year, the employment estimates are benchmarked to comprehensive counts of employment for the month of March, drawing on state unemployment-insurance tax records.

READ MORE

U.S. trade deficit shows no sign of shrinking

  • September 6, 2017
  • no comment
  • realestate

The trade deficit rose slightly in July, keeping the U.S. on track to post a larger gap in 2017 than in 2016. The deficit edged up to $43.7 billion in July from $43.5 billion in June, the Commerce Department said Wednesday. Economists polled had forecast a $44.8 billion gap.

READ MORE

Consumer sentiment retreats in late August

  • September 1, 2017
  • no comment
  • realestate

Consumer sentiment pulled back to a final August reading of 96.8 in August from a high preliminary reading of 97.6, according to reports on the University of Michigan gauge released Friday.

READ MORE

ISM manufacturing index jumps to six-year high in August

  • September 1, 2017
  • no comment
  • realestate

Manufacturing activity was the strongest in six years in August, according to a survey of purchasing managers released Friday. The Institute for Supply Management said its manufacturing index in August climbed to 58.8% from 56.3% in July. That is the highest reading since April 2011. Economists polled by MarketWatch expected a reading of 56.8%. Any

READ MORE

The Fed: What do they do now?

  • September 1, 2017
  • no comment
  • realestate

The Federal Reserve has been watching the Jobs numbers closely. The Fed has indicated plans to raise its benchmark interest rate target another quarter-point this year, but could be held back due to weak inflation. Specifically, policymakers have been looking for signs of accelerated wage growth, which has been stuck around 2.5 percent for most

READ MORE

Job Growth slows in August

  • September 1, 2017
  • no comment
  • realestate

The U.S. economy added 156,000 net new jobs in August, missing expectations for 180,000 jobs. The unemployment rate ticked up slightly to 4.4% from 4.3%, while the labor force participation rate stayed flat at 62.9% during the month. Average hourly earnings meanwhile increased by 3 cents, or 0.1%. Economists polled had predicted a 170,000 increase

READ MORE

Chicago PMI holds steady at 58.9 in August

  • August 31, 2017
  • no comment
  • realestate

A gauge of Chicago-area economic activity held steady in August, after retreating from a 3-year high in the prior month. The Chicago PMI remained at 58.9 for the second straight month, MNI Indicators said Thursday. Any reading above 50 indicates improving conditions. Economists had expected a slight pull back in August. The index slowed a

READ MORE

Jobless claims cling near postrecession low

  • August 31, 2017
  • no comment
  • realestate

The number of people who applied for unemployment benefits in late August remained close to a postrecession low, pointing to another solid monthly employment report near the end of summer. Initial jobless claims in the period running from Aug. 20 to Aug. 26 rose by 1,000 to 236,000, the government said Thursday. New claims count

READ MORE

Consumer spending kicks into higher gear in July

  • August 31, 2017
  • no comment
  • realestate

Helped by higher incomes and low inflation, Americans bought more furnishings for their homes in July and also ratcheted up spending at hotels and restaurants. Consumer spending rose 0.3% last month, the Commerce Department reported Thursday. That was a tick below the 0.4% forecast of economists polled.

READ MORE

Subscribe to Newsletter

Get weekly updates on mortgage rates, finance, lending and real estate.