U.S. Economic News

September 12, 2017

U.S. Economic Indicators

The NFIB Small Business Optimism Index rose 0.1 point to 105.3 in August, as four of the components rose, five fell, and one was unchanged. The share of small business owners who plan to make capital expenditures in the next three to six months rose to its highest level since 2006.  NFIB Report

U.S. News

The Job Openings and Labor Turnover Survey (“JOLTS”), a closely-watched measure of labor market health, indicated there were 6.2 million job openings at the end of July, little changed from June.  Hires edged up to 5.5 million and the quits rate inched up to 2.2%.  BLS Report

According to the Wall Street Journal, OPEC oil production fell last month for the first time since April. OPEC production declined by 0.24% or about 79,000 barrels per day in August, mostly due to production cuts by Libya, Gabon, Venezuela, and Iraq. WSJ

The Wall Street Journal reports that Treasury Secretary Mnuchin says that the Republican tax reform plan will aim to exclude service-sector firms from enjoying “pass-through” tax rates. Secretary Mnuchin emphasized that any Republican tax plan would seek both to eliminate tax loopholes and to encourage job creation. WSJ

Page 10 of 85« First...89101112...203040...Last »