Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit narrowed in the month of June. The Commerce Department said the trade deficit narrowed to $50.7 billion in June from a revised $54.8 billion in May.
Private sector job growth in the U.S. showed a substantial slowdown in the month of July, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment rose by 167,000 jobs in July after soaring by an upwardly revised 4.314 million jobs in June.
Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit narrowed in the month of June.
Private sector job growth in the U.S. showed a substantial slowdown in the month of July, according to a report released by payroll processor ADP on Wednesday.
A report released by the Commerce Department on Tuesday showed another substantial increase in new orders for U.S. manufactured goods in the month of June. The Commerce Department said factory orders soared by 6.2 percent in June after skyrocketing by a revised 7.7 percent in May.
Reflecting decreases in sending on both private and public construction, the Commerce Department released a report on Monday showing U.S. construction spending fell by more than expected in the month of June.
A report released by the Institute for Supply Management on Monday showed a bigger than expected acceleration in the pace of growth in U.S. manufacturing activity in the month of July. The ISM said its purchasing managers index rose to 54.2 in July from 52.6 in June, with a reading above 50 indicating growth in manufacturing activity.
Consumer sentiment in the U.S. deteriorated by more than initially estimated in the month of July, according to a report released by the University of Michigan on Friday. The report said the consumer sentiment index for July was downwardly revised to 72.5 from the preliminary reading of 73.2. The index is down from 78.1 in June.
Following twelve straight months of contraction, MNI Indicators released a report on Friday showing an unexpected expansion in Chicago-area business activity in the month of July. MNI Indicators said its Chicago business barometer spiked to 51.9 in July from 36.6 in June, with a reading above 50 indicating growth in regional business activity.
Personal income in the U.S. slumped by more than expected in the month of June, according to a report released by the Commerce Department on Friday, although the report also showed another substantial increase in personal spending. The Commerce Department said personal income tumbled by 1.1 percent in June after plunging by a downwardly revised 4.4 percent in May.
Personal income in the U.S. slumped by more than expected in the month of June, according to a report released by the Commerce Department on Friday, although the report also showed another substantial increase in personal spending.
Reflecting the impact of the coronavirus pandemic, the Commerce Department released a report on Thursday showing a record contraction in U.S. economic activity in the second quarter. The report said real gross domestic product plummeted at an annual rate of 32.9 percent in the second quarter following a 5.0 percent slump in the first quarter.
First-time claims for U.S. unemployment benefits increased for the second straight week in the week ended July 25th, according to a report released by the Labor Department on Thursday, although claims rose by less than expected. The report said initial jobless claims edged up to 1.434 million, an increase of 12,000 from the previous week's revised level of 1,422,000.
First-time claims for U.S. unemployment benefits increased for the second straight week in the week ended July 25th, according to a report released by the Labor Department on Thursday, although claims rose by much less than expected.
Reflecting the impact of the coronavirus pandemic, the Commerce Department released a report on Thursday showing a record contraction in U.S. economic activity in the second quarter.