U.S. Economic News

December 6, 2018

U.S. Economic Indicators

The ADP Employment Report shows that private-sector employment increased by 179,000 jobs in November, below expectations of 190,000.  The services sector added 163,000 jobs and the goods-producing sector added 16,000 jobs. ADP Report

Initial jobless claims fell 4,000 to 231,000 last week. The four-week moving average increased 4,250 to 228,500. DOL Report

Nonfarm business sector labor productivity increased 2.3% (revised) in Q3 and was up 1.3% on the year. Hours worked increased 1.8% in Q3 and unit labor costs rose 0.9%. BLS Report

The ISM Non-Manufacturing Index edged up 0.4 percentage point to 60.7 in November. The New Orders Index increased 1.0 percentage point to 62.5 while the Employment Index fell 1.3 percentage points to 58.4. ISM Report

New factory orders for manufactured goods fell 2.1% in October following a 0.2% (revised) increase in September, but are up 8.3% year to date. New orders excluding transportation rose 0.3% while new orders for nondefense capital goods excluding aircraft were unchanged. Census Bureau Report

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