Economy

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Positive International Trade Report Lifts Preliminary GDP Estimates

In the most recent international trade release, the nation's trade gap narrowed to a nearly as expected $41.9 billion in July, after an upward revised gap of $45.2 billion was ...
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August Job Cuts Down 60% From July

The outplacement firm of Challenger, Gray & Christmas has released its job cuts report for August, indicating that layoffs declined by more than 60% after reaching a new four-year high ...
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Fed Beige Book Notes Pressure on Wages

U.S. economic activity expanded in all 12 Federal Reserve districts according to the latest version of the Beige Book released Wednesday afternoon. Six Fed districts characterized growth as moderate and ...
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Bill Gross Is Right About the Fed — This Time

Bill Gross, who has been frequently referred to as the Bond King for years now, is out with his monthly outlook. He may be at Janus Capital Group Inc. (NYSE: ...
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Half of Immigrant Households Use US Welfare Programs

In a recent Census Bureau study that examined legal and illegal immigrant compared with native use of welfare programs in the United States, researchers found that in 2012, 51% of ...
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Factory Orders Growth at Half of Expectations

With economists seeking any signs of life that they can find, all economic readings are being given a closer look than might be otherwise expected. The U.S. Department of Commerce ...
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Boston Fed President Rosengren Sees Slower Rate Hike Cycle Path

If you are overly worried about a quick and rapid interest rate hike cycle from the Federal Reserve, there is at least one more Fed speech giving you some hope ...
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jobs

What to Expect From Friday’s Unemployment and Payrolls

Friday's unemployment reading will be one of the last big-data economic reports that the Federal Open Market Committee (FOMC) has before its two-day meeting starting September 16 to decide whether ...
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ISM Brings Weaker Manufacturing Data for August

Tuesday brought the Manufacturing ISM Report on Business, and it was tied with the weakest readings since the middle of 2013. PMI came in at 51.1%. Bloomberg was calling for ...
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Paychex Shows Mixed Small Business Employment Trends

The Paychex/IHS Small Business Jobs Index is not a full preview of the key unemployment report from the Bureau of Labor Statistics, but some economists use it, similar to the ...
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IMF Says China Economy Slows; Caixin China PMI Collapses

International Monetary Fund (IMF) chief Christine Lagarde said what the economic world already knows. The Chinese economy is slowing and the slowdown will touch the rest of the world. Data ...
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Dallas Fed Manufacturing Data Nearing Panic Mode

The Federal Reserve Bank of Dallas releases all sorts of regional data, but the one reading that the oil and gas sector and the economists are paying attention to is ...
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Chicago

Another Reading of Weak Economic Growth From Chicago

The August Chicago Business Barometer showed that the economy remained in positive territory, but the growth was less positive in August than July. The Institute for Supply Management's report on ...
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Fed’s Fischer Givers More Clarity on Rate Hike Path

The markets are getting a new look at "just one more" view from the Federal Reserve on the timing of the interest rate hike cycle. Stanley Fischer, Vice Chairman of ...
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Consumer Sentiment Drop Takes Stock Market Volatility Into Account

It is the last Friday of the month, so we get to see the revised consumer sentiment reading from the University of Michigan. It is usually the case that revisions are ...
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