ADP Sets Tone for Friday’s Unemployment & Payrolls Report
ADP has reported that private sector employment increased by 173,000 jobs in the month of May.
Economy
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How Michigan Dominates US With Poorest Towns and Cities
Here 24/7 Wall St. has featured the seven poorest towns in Michigan, including how each ranked among the 25 poorest towns and cities in America.
New York City Faces Up to $260 Billion in Hurricane Damage
A new study by CoreLogic forecasts that hurricanes could cause as much as $260 billion in damage to the New York City area and reach $1.5 trillion nationwide.
Airline Profitability Rises
Fuel prices continue at low levels, down because of oil prices. The effects of that will wear off soon, as crude rises. In the meantime, carrier profits have risen according to the IATA, the…
ISM Shows Unexpected Manufacturing Gain in May
The Institute for Supply Management (ISM) has released its index for manufacturing for the month of May.
New Construction Spending Falls Nearly 2% in April
The U.S. Census Bureau reported Wednesday morning that construction spending in April dipped by 1.8% to an estimated seasonally adjusted annual rate of about $1.134 trillion.
9 States That Are Less Than 1% Water
The U.S. Geological Survey and U.S. Census Bureau combine their resources to measure what portion of each state is land and what is water. The water portion of nine states is less than 1%.
Markit Eurozone Manufacturing PMI Drops to 3-Month Low
At about the same time that the OECD released its pessimist Economic Forecast, research firm Markit reported trouble in Europe.
OECD Warns on Slow Economic Growth
Echoing comments from the World Bank and International Monetary Fund, the Organization for Economic Cooperation and Development (OECD) has warned of a dangerous slowing of global growth.
ISM-Chicago Shows Purchasing Managers Seeing Contraction
Among the slew of economic reports on Tuesday was the ISM-Chicago's Chicago Business Barometer for the month of May. This index fell 1.1 points to 49.3, a signal of slight overall contraction.
How Friday’s Payrolls Report Could Skew Fed Rate Hike Expectations
When Department of Labor releases its report on nonfarm payrolls, private sector payrolls and unemployment for the month of May, it could greatly skew the bias of when the Federal Reserve tightens the rate…
Dallas Fed Manufacturing Indexes Went Negative in May
The Federal Reserve Bank of Dallas released the regional Dallas Fed Business Activity reading for May, showing a drop to −20.8 from a less negative −13.9 from April.
Consumer Confidence Drops Again in May
The Conference Board survey showed that consumer confidence fell more than expected in May.
Credit Managers Index Shows Slowing Growth in April
Many investors and economists skip this monthly report, but it does make up one of the components for each month's leading economic indicators.
Personal Spending Outpaced Income Gains in April
Personal income and consumer spending posted gains for the month of April. The U.S. Department of Commerce said that consumer spending saw the biggest jump going back to 2009.