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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 MOREConsumer 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 MOREManufacturing 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 MOREThe 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 MOREThe 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 MOREThe employment subcomponent fell below 50 in August for the first time since March. This is the sixth contraction in the employment indicator in the last 12 months, with fewer firms expecting an increase in hiring. Inflation pressures also eased slightly in August and have been on a downward trend this year.
READ MOREA 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 MOREThe 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 MOREHelped 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 MOREPrivate payrolls for August jumped at their fastest pace in five months thanks in part to strong gains in construction and manufacturing jobs, according to the latest release from ADP and Moody’s Analytics. Employers added a seasonally adjusted 237,000 jobs during the month, payroll processor ADP said. That was a big gain from the 178,000
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